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Saturday, December 7, 2024
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Finance

PRESS RELEASE ON SECOND QUARTER EXPENDITURE RELEASES FOR FY 2024/25

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 Museveni Appeals to The Youths to Engage in Wealth Creation to Fight Unemployment

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...

URSB Runs a Business Rescue and Aftercare Programme

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...

IPPU Hosts 8th Annual Procurement Summit on Leveraging Procurement for Social Economic Transformation

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, East Africa’s Budget-Friendly Capital

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...

PDM Supports Creation Of Wealth, Jobs And Food Security.

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...

Government Launches St. Teresa Demonstration Farm in Kibaale District to Boost Community Finance

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...

Enhancing Living Standards: Government Initiatives towards Poverty Reduction

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...

FY 24/25 National Budget: 72 trillion appropriated

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...

What to expect in the national budget for FY 2024–25

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...
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Latest News

Uganda’s Steady Progress in ICT is a Key Driver to Socio-Economic Transformation

Uganda’s recent strides in ICT infrastructure development are revolutionary, digitisation and ICT which were once considered a luxury are...
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