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Top Business Focus News

Uganda: Finance Trust Bank Downgrades to Credit Institution

Africa · Uganda

Uganda: Finance Trust Bank Downgrades to Credit Institution

100% Center coverage: 1 sources

The Bank of Uganda has approved a change in the operating status of Finance Trust Bank Limited, allowing the lender to downgrade from a commercial bank to a credit institution effective April 1, 2026.See the Story

Parliament Approves FY 2026/27–2030/31 Budget Framework Paper

Uganda · Uganda

Parliament Approves FY 2026/27–2030/31 Budget Framework Paper

Parliament on Thursday approved the National Budget Framework Paper (NBFP) for the Financial Years 2026/27 to 2030/31, setting the stage for Uganda’s medium-term economic priorities following an extensive debate on the report of the Committee on Budget. Presenting Government’s strategic direction, the Minister of State for General Duties, Henry Musasizi, said the Budget Framework Paper aligns with Uganda’s long-term ambition of achieving tenfold…See the Story

Uganda’s Oil Project Faces Delays, Cost Overruns, and Decarbonization Pressures

Oil and Gas Sector · Uganda

Uganda’s Oil Project Faces Delays, Cost Overruns, and Decarbonization Pressures

Three-and-a-half years after the final investment decision (FID) for Uganda’s new oil industry, the project is more than halfway complete, with over $6 billion invested by the end of 2024. The initiative, involving TotalEnergies, China National Offshore Oil Company (CNOOC), Uganda National Oil Company, and Tanzania Petroleum Development Corporation, aims to develop over 1 billion barrels of oil… Source See the Story

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