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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 Budget Framework as Debt Growth Raises Scrutiny

Uganda · Uganda

Parliament Approves Budget Framework as Debt Growth Raises Scrutiny

Remigio Achia, Deputy Chairperson Parliamentary Committee on Budget Kampala, Uganda | THE INDEPENDENT | Parliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/27–2030/31, clearing the way for preparation of detailed budget estimates, even as lawmakers and analysts raised concerns over debt sustainability, growth assumptions, and compliance with fiscal rules. The framework sets the fiscal andmonetary policy directi…See the Story

AG Audit Flags Procurement Chaos and PDM Shortfalls Across Uganda

Uganda · Uganda

AG Audit Flags Procurement Chaos and PDM Shortfalls Across Uganda

Auditor General, Edward Akol, on Thursday unveiled the 202425 Annual Audit Report to Parliament Kampala, Uganda | THE INDEPEDENT | The Auditor General, Edward Akol, on Thursday presented the 2024/25 Annual Audit Report to Parliament. The report handed to the Speaker of Parliament, Annitah Annet Among, highlights major procurement irregularities and flaws in the Parish Development Model (PDM). Akol revealed that the audit encompasses value-for-mo…See the Story

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