New faciliteis to strengthen delivery of Uganda’s development finance mandate Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), Uganda’s national Development Finance Institution, has commissioned UDB Tower, its new 14-storey head office located at Plot 22, Hannington Road in Kampala. Officials said the commissioning marks a …
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Kampala, Uganda | JULIUS BUSINGE | Henry Musasizi, the minister of finance planning and economic development has challenged accountants to move beyond traditional financial reporting and become strategic partners in safeguarding public resources, strengthening fiscal discipline and improving economic decision- making. Musasizi said accountants have a critical responsibility to ensure public …
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Kampala, Uganda | URN | The Ministry of Finance has clarified the criteria and procedure taxpayers must follow when seeking remission of tax liabilities, stressing that the measure is reserved for exceptional circumstances and is not intended to shield businesses from ordinary tax obligations. Finance Minister Henry Musasizi told Parliament …
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The government unveiled a record Shs84.4 trillion spending plan; Ordinary people to shoulder costs through pricier fuel, sugar and secondhand apparel COVER STORY | JULIUS BUSINGE | Uganda’s national budget for financial year 2026/27 marks a clear shift in economic emphasis, moving from a broad-based wealth creation agenda …
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COMMENT | Morrison Rwakakamba | Uganda stands at a rare inflection point in its development trajectory. With commercial oil production scheduled to commence later this year and a fresh electoral mandate secured, the national budget for the 2026/27 financial year offers more than another round of incremental spending. It attempts …
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Kampala, Uganda | URN | State Minister of Finance Henry Musasizi has issued a stern warning against any acts of sabotage targeting the anticipated iron ore factory in Rubanda District. Musasizi, who also serves as the Member of Parliament for Rubanda East, made the statements following reports of a fierce …
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Inside the 2026/27 revenue push, public pushback, and the battle over fairness NEWS ANALYSIS | RONALD MUSOKE | On April 2, Henry Musasizi, the Minister of State for Finance (General Duties), presented a raft of tax proposals to Parliament to finance a proposed Shs 84 trillion budget for the 2026/27 financial …
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Rubanda, Uganda | URN | The government is set to enhance salaries of arts teachers at the beginning of the next financial year. State Minister of Finance Henry Musasizi revealed there is a discussion going on to make it possible to have the salaries of the arts teachers enhanced to …
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Kampala, Uganda | THE INDEPENDENT | Over ten thousand Parish Development Model ((PDM) SACCOS will be capitalized with funds totaling Sh3.2 trillion by the end of the financial year 2024/2025 next month. State Minister for Finance, Henry Musasizi says the money will be sent directly to the beneficiaries’ bank and …
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Kampala, Uganda | THE INDEPENDENT | Government has presented a Shs40.7 trillion budget for the 2025/26 financial year, outlining significant investments across key sectors to drive economic growth and development. This is contained in the Appropriation Bill, 2025 tabled for its first reading by the Minister of State for Finance …
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The Independent Uganda: You get the Truth we Pay the Price
