Kampala, Uganda | URN | The Ministry of Finance, Planning and Economic Development has released 23.03 trillion shillings for the budget obligations for the first quarter of this financial year, with a vow to ensure fiscal discipline. This is 27 percent of the approved total budget for the financial year …
Read More »Ggoobi: Nation wide trade order restoration is strategy for economic transformation
Kampala, Uganda | URN | The Permanent Secretary and Secretary to the Treasury, (PSST) Ramathan Ggoobi, has defended the ongoing trade order enforcement across the country, saying it is a strategy to transform the economy. He argues that organized business practices are essential for Uganda’s economic transformation and attracting investment. …
Read More »Gov’t to stop funding public holiday celebrations
Kampala, Uganda | URN | The government will stop funding most national public holiday celebrations beginning in the 2026/27 financial year, with the savings to be redirected to wealth creation and other priority programmes, Permanent Secretary and Secretary to the Treasury Dr. Ramathan Ggoobi has announced. For years, the government …
Read More »FINANCE: Shs1.7 trillion on general elections, no economic effects
Kampala, Uganda | URN | The government spent 1.508 trillion shillings on the general elections that were held in January/February, with the Electoral Commission accounting for 1.147 trillion of the expenditure as of April this year. This is part of close to 1.7 trillion shillings, the total that was released …
Read More »Ggoobi courts UK investors with high-return mining, energy deals
Kampala, Uganda | URN | Uganda has urged investors in the United Kingdom to invest in the 250 percent return-on-investment mining and energy sector in the country. However, only serous and mutually beneficial partners are welcome to invest in the country’s budding extractives sector, according to Ramathan Ggoobi, Permanent Secretary …
Read More »Uganda spends beyond its means to keep growth alive
Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …
Read More »Uganda’s economy remains stable amid geopolitical tension
KAMPALA, UGANDA | Xinhua | Uganda’s economy has proven to be stable and shown resilience amid shocks resulting from geopolitical tension, a senior official said here Thursday. Ramathan Ggoobi, permanent secretary of Uganda’s Ministry of Finance, Planning and Economic Development, told reporters that the gross domestic product (GDP) growth is …
Read More »Gov’t streamlines pay in donor-funded programmes
Kampala, Uganda | THE INDEPENDENT | The government through the Ministry of Finance, Planning and Economic Development has released a 2026 salary framework for externally funded projects, standardising pay for senior management personnel within in Project Implementation Units. This is aimed at promoting fairness and to align with international benchmarks …
Read More »Africa’s $700bn pension pot eyed for infrastructure drive
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 »World Bank to provide over $2 bln in renewed dev’t financing to Uganda
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 »
The Independent Uganda: You get the Truth we Pay the Price