Finance

STATE OF THE ECONOMY Economic Growth There is continued expansion of Uganda’s economy. This is affirmed by the recently released Quarterly GDP outturns for the second quarter of calendar year 2024 (April – June 2024) which showed that the economy expanded...

President Yoweri Kaguta Museveni has appealed to the youth to engage in wealth creation to fight unemployment. “When you engage in wealth creation, you create jobs. The source of jobs is wealth creation,” he emphasised. The President made the remarks on...

In 2016, the Global Entrepreneurship Monitor Report ranked Uganda among the world’s top entrepreneurial country. The report, however, also showed that the rate of failure of businesses in Uganda was one of the highest in the world, citing that...

Kampala, Uganda - The Institute of Procurement Professionals of Uganda (IPPU) on September 6, 2024 hosted its 8th Annual Procurement Summit at Hotel Africana in Kampala, under the theme: Leveraging the Procurement and Supply Chain Ecosystem for Social Economic...

Kampala, the capital city of Uganda, is recognised as the most affordable in East Africa. It boasts of a lively culture, growing economy, and friendly environment, making it an appealing spot for both visitors and those looking to settle...

The Parish Development Model (PDM) is a presidential initiative that is a multi-sectoral economic plan of action aimed at spurring social-economic transformation by moving more than 40% of households into a money economy using small units like parishes as...

In a strategic effort to enhance community finance, the government launched the St. Teresa Demonstration Farm in Mugarama Sub-County, Kibaale District on 13 July, 2024. This initiative aims to empower the Hoima Catholic Diocese community by distributing high-quality piglets...

Several reports show that Uganda has the second youngest population in the world with more than three quarters (78 per cent) of its citizens below the age of 35. This youthful population is projected to double in the next...

The overall resource envelope for Fiscal Year 2024/25 is Shillings 72,136,504253,466 (=) trillion. FY2024/25 Overview Domestic revenues are Shs 31.982 trillion, including Shs 29.366 trillion in tax revenue and Shs 2.616 trillion in non-tax revenue. Budget support: Shs 1.394 trillion. Domestic borrowing is...

The Ugandan government, through the Ministry of Finance, Planning, and Economic Development, is set to present its budget for FY 2024–25, marking the final implementation year of the 3rd National Development Plan. The budget for FY2024–25 retains the theme of...