The greatest risk is not in investing in Africa’s own potential, but in failing to do so Kampala, Uganda | Julius Businge | A continental push is underway to harness Africa’s estimated $700bn in pension assets to fund crucial infrastructure and reduce reliance on foreign debt, senior officials said at the …
Read More »
KAMPALA, UGANDA | Xinhua | Uganda will receive more than two billion U.S. dollars in new concessional financing from the World Bank over the next three financial years to support the East African country’s development agenda, a senior government official said Tuesday. Ramathan Ggoobi, permanent secretary and secretary to the …
Read More »
Kampala, Uganda | THE INDEPENDENT | In a move that signals a new chapter in Uganda’s financial services landscape, UAP Old Mutual has officially rebranded to Old Mutual, aligning with a Group-wide transition that unifies all its operations across Africa under one trusted and recognisable brand. The rebrand reinforces Old …
Read More »
Mpigi, Uganda | THE INDEPENDENT | Uganda’s Permanent Secretary of the Ministry of Finance, Planning, and Economic Development, Ramathan Ggoobi, officially launched Masheda Foods’ new catfish processing factory, hailing it as a prime example of the country’s ambitious strategy to transform its economy. During the launch event, Ggoobi celebrated the …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Government has launched a five-year Public Financial Management (PFM) Reform Strategy (2025–2030), designed to transform how public funds are raised, allocated, and utilised. The strategy seeks to drive inclusive development and improve service delivery. Speaking at the launch, State Minister for Planning Amos …
Read More »
Kampala, Uganda | THE INDEPENDENT | The government has finally embarked on the enforcement of the directive that compels public contracting entities to stop conducting public procurement and payment in foreign currencies. The directive exempts foreign missions that are allowed to use the currencies in the countries in which they …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Ugandan Shilling continued strengthening against the US Dollar in the year 2024/25 as remittances, exports and new government policies. The local currency ended June 2025, trading at an average mid-rate of 3,605.84 Shillings per dollar, compared to 3,653.40 per USD in May 2025, …
Read More »
He reminds all everyone that the future will not be inherited but must be built Kampala, Uganda | JULIUS BUSINGE | Under the glistening waters of Lake Victoria and the backdrop of Entebbe’s Imperial Resort Beach Hotel, Uganda’s 13th CPA Economic Forum unfolded—not just as a conference of ideas, but as …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda has the ability to grow the size of its economy 10 times in the next 15 years, but things have to be done differently, including clearing the mess that characterizes all corners, according to Ramathan Ggoobi, the Permanent Secretary at the Ministry of …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
