Tag Archives: Trillion

By Ben Musanje Members of Parliament under the Uganda Parliamentary Forum on Social Protection (UPFSP), together with civil society organizations working in the disability and social protection sector, have welcomed increased investment in Human Capital Development in the Shs84 trillion national budget for the Financial Year 2026/27, while warning that persistent underfunding and stalled policy commitments continue to expose vulnerable …

Henry Musasizi delivered his first budget speech as Minister of Finance, Planning, and Economic Development on Thursday.The 84.4 trillion shilling 2026/2027 budget is aimed at implementing the government’s Tenfold Growth Strategy, aimed at growing to 500 billion dollars by 2040 from 53 billion in 2025.The economy is estimated to have grown by 6.4 percent to 69.3 billion dollars or about …

Kololo, Kampala — Under clear skies at Kololo Ceremonial Grounds, Uganda’s newly appointed Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi, delivered his first national budget speech on behalf of the Government of Uganda, unveiling an ambitious Shs 84.3 trillion budget for the Financial Year 2026/27.   The budget, the largest in Uganda’s history, arrives at a pivotal …

The World Bank Group (WBG) has unveiled plans to lend Uganda about $6 billion (about Shs 23 trillion) over the next 10 years under its new Country Partnership Framework (CPF). The money, WBG says, is aimed at accelerating private sector-led economic transformation and creating jobs. The framework, which will run from 2026 to 2035, provides for lending of $2 billion …

By Mulengera Reporters As Uganda prepares for the start of commercial oil production and a new wave of investment-led growth, Equity Bank Uganda has expanded its balance sheet to UGX 3.8 trillion, positioning itself to support businesses and households expected to drive the country’s next phase of economic transformation. The lender recorded strong growth in the first quarter of 2026, …

The government spent at least Shs 1.508 trillion on general elections this year – with the Electoral Commission accounting for Shs 1.147 trillion of the expenditure as of April this year.This is part of close to Shs 1.7 trillion total that was released by the ministry of Finance, Planning and Economic Development to all the ministries, departments and agencies (MDAs) …

Parliament has approved a supplementary budget of more than Shs 1.105 trillion, just weeks before the close of the 2025/2026 financial year.Presenting the request, the state minister for Finance (General Duties), Henry Musasizi, said the expenditure could not be deferred to the next financial year beginning next month.The package comprises budget reallocations, additional non-tax revenue, external financing, and savings from …

Viewers: 90,003 By Spy Uganda Parliament of Uganda has approved Supplementary Expenditure Schedule No. 5 for the Financial Year 2025/26 amounting to Shs 1.105 trillion to support key government priorities, including elections, health worker recruitment, AFCON 2027 preparations, and outstanding obligations under the Uganda Police Force. The supplementary budget was presented by State Minister for General Duties Henry Musasizi …

Uganda’s insurance sector continues to register steady growth and resilience, driven by increased market activity, expanding coverage, and rising public awareness. In an interview, Antony George Mutyabule, Business Transformation Manager at Old Mutual, highlighted the industry’s progress, ongoing challenges, and the growing role of innovation in improving customer experience. He noted that while the sector is expanding, trust, customer education, …

MTN Uganda’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its largest local shareholders, with the telecom’s share price climbing steadily from Shs312 in November 2025 to Shs428 in February 2026, and now reaching Shs470 in March. The steady upward movement reflects sustained investor confidence in one of the most dominant counters on the …