Parliament
Uganda National Oil Company
Uganda leaves first-oil date open until June 2027
With the pipeline 92 per cent complete and Tilenga at 78 per cent, first oil depends on three linked projects finishing together by mid-2027
Foreign exchange
Shilling weakens further as MPs ask why reserves are not used
The shilling closed at Shs4,085.71 on Thursday. Traders expect further losses as MPs ask why the central bank has not used its reserves
Uganda’s refugee plan is a third funded as Kampala seeks EU help
Humanitarian funding to Uganda fell from $357.2mn in 2024 to $158.6mn in 2025, and this year's refugee plan has already passed that total
Bank of Uganda governor says bank closures were well-intentioned
Governor tells Parliament probe Bank was right to intervene in closed banks but acknowledges post-intervention challenges
Government chief executives should be paid in a uniform manner — COSASE
There are big discrepancies in the salaries of the chief executives of parastatals, authorities and commissions arising from the legal frameworks which set up the entities, according to a report passed by Parliament last week
Government moves motion to withdraw Shs166 bn from petroleum fund
The finance minister, Matia Kasaija on Wednesday tabled a motion requesting Parliament to allow the government withdraw Shs116.6 billion from the Petroleum Fund.
Parliament gives approval for $103 rural electrification loans
Parliament on Wednesday approved two motions that allow the government to borrow $102.88 million for rural electrification projects. The government will borrow $91.5 million from the World Bank and $11.32 million from Kuwait.
Parliament to probe Uganda Telecom over “poor and unstable” management
A report tabled by the Nandala Mafabi, an FDC MP and former leader of opposition in parliament, said that in the last four years the telecom company "has continuously been on a freefall that has now reached alarming levels."
Invest in agriculture to get economy back on track, leaders say
Political and business leaders believe that with recent reports of Uganda’s economic downturn, more government attention to agriculture - which employs most Ugandans - and increased investment in the sector will spur growth.More Parliament
7 October 2016
Government to take full control of National Housing, minister says
The government plans to take full control of the National Housing and Construction Company, eleven years after selling a minority stake in the company to the Libyan government, Chris Baryomunsi, the state minister for housing told Parliament on Thursday.