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URA’s Shs25 Trillion Target Plan

Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. Speaking to journalists at the Authority’s headquarters in Nakawa Kampala Musinguzi said, “I must note that the revenue mobilisation…

Broke BoU To Borrow USD500M For Recapitalization

The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International Monetary Fund…

Uganda,Japan Cooperation To Create 6,000 Jobs In ICT

A total of 6,000 jobs in the information, Communication, and Technology (lCT) sector are projected to result from the ongoing Uganda-Japan (UJ)Connect project, implemented by the Ministry of ICT and National Guidance in collaboration with the Japan International Cooperation Agency (JICA). Dr Aminah Zawedde, the Permanent Secretary of the ICT Ministry, said UJ Connect is…

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