Economy

Digital Transformation Roadmap, FY2023/24-2027/28.

Submitted by on Fri, 03/15/2024 - 13:19

Uganda launched its Digital Transformation Roadmap in April 2023 as an implementation tool aimed to speed up the country’s digital revolution. The roadmap that spans a period of five years (FY2023/24-2027/28) spells out key enablers aimed at actualizing aspirations embedded in the Digital Uganda Vision. These include attaining 90% household connectivity; 90% broadband coverage by geography; and 90% citizens accessing e-services online, among others by 2040.


Uganda tops EAC as the most attractive country for investor

Submitted by on Wed, 12/20/2023 - 14:38

The Africa Risk-Reward Index (2023), ranked Uganda as the most attractive economy to invest in within the East African Community (EAC) and the third across the entire African continent. The report commends Uganda for interventions in improving the business environment which has made the country attractive for investors. The ranking is mainly attributed to Uganda’s macroeconomic stability; enhanced political stability; and infrastructure development.

 


Ministry of Finance launches Uganda’s second Extractive Industries Transparency Initiative (EITI) Report

Submitted by on Thu, 11/23/2023 - 08:23

Ministry of Finance launched Uganda’s second Extractive Industries Transparency Initiative (EITI) Report in September, 2023. EITI is an international initiative that promotes the transparent and accountable management of countries natural resources. The report details how Uganda has adhered to EITI standard in terms of managing her extractive sector across the whole extractive industries value chain. Additionally, the report details disclosure of contextual information about the Extractive Sector, the Legal Framework and economic contribution.


Ministry of Finance, Planning and Economic Development launched the Money Laundering and Terrorism Financing National Risk Assessment (NRA) 2023 Report

Submitted by on Thu, 11/23/2023 - 08:23

In August 2023, Ministry of Finance, Planning and Economic Development launched the Money Laundering and Terrorism Financing National Risk Assessment (NRA) 2023 Report. This will act as a national reference guide for Ani-Money Laundering and Counter Terrorist Financing (AML/CFT). Additionally, the Terrorism Financing Risk Assessment for the Non-Profit Organizations sector in Uganda (TFRA) 2023. This is in line with Government’s efforts towards the fight against financial crimes.


Uganda is the best investment destination in East Africa

Submitted by on Wed, 09/13/2023 - 17:13

Uganda won a gold medal during the 12th edition of the Global Annual Investment Meeting (AIM) 2023, in recognition of the country’s ability to attract Foreign Direct Investment. The event was held in May 2023 and attracted 170 participating countries under the theme “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity and Prosperity.”  This was due to relentless efforts in encouraging continuity of trade and manufacturing amidst the turbulent time of the Covid pandemic. Rwanda was runner-up.


Ministry of Health receives Ambulances from Government of Japan

Submitted by on Fri, 09/01/2023 - 00:10

On 14th July 2023, Ministry of Health received 25 type B ambulances from the Government of Japan to improve emergency response to patients with life threatening medical conditions at the community level. The ambulances will be distributed to 25 constituencies in the country. The donation is part of Japan’s aid for social and economic programs, aimed at addressing Healthcare needs through the provision of medical care equipment and helping to strengthen the public health & medical system.


Integrated National Financing Framework (INFF) launched

Submitted by on Thu, 08/31/2023 - 19:02

Ministry of Finance, Planning and Economic Development launched the integrated National Financing Framework (INFF) and publicized the public investment financing Strategy (PIFS). The INFF is aimed at helping countries to overcome existing obstacles to finance their development needs-sustainable financing for national development plans at country level.


Government of Uganda establishes a Climate Finance Unit (CFU)

Submitted by on Thu, 08/31/2023 - 19:01

Government of Uganda set up the Climate Finance Unit (CFU) under the Ministry of Finance, Planning and Economic Development (MoFPED), with funding from the United Kingdom-Foreign, Commonwealth and Development Office (FCDO) through the Global Green Growth Institute (GGGI). The CFU seeks to enhance the mobilization of climate financing in line with MoFPED’s mandate of mobilizing resources to finance Government Development priorities.


United States Launches New Project to Help Reduce Corruption in Uganda

Submitted by on Thu, 08/31/2023 - 18:59

To reinforce the operations to refine the Government of Uganda’s accountability to its citizens and shrink corruption hindering economic growth and development, the United States Mission in Uganda, through the U.S. Agency for International Development (USAID) on 5th May 2022, launched the Strengthening Systems and Public Accountability Project.


United States Launches New Project to Help Reduce Corruption in Uganda

Submitted by on Thu, 08/31/2023 - 18:56

To reinforce the operations to refine the Government of Uganda’s accountability to its citizens and shrink corruption hindering economic growth and development, the United States Mission in Uganda, through the U.S. Agency for International Development (USAID) on 5th May 2022, launched the Strengthening Systems and Public Accountability Project.


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