Tag Archives: Trillion

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 …

Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh 1.1 trillion, according to people familiar with the matter, Bloomberg reports. Standard Bank Group, Africa’s largest bank by assets and owns 75% of Stanbic Holdings Plc, has previously said it …