Economy


Domestic Revenue Mobilisation Strategy, FY 2019/20 – 2023/24, launched

Submitted by on Thu, 09/03/2020 - 00:38

Ministry of Finance, Planning and Economic Development in collaboration with Uganda Revenue Authority (URA); Development Partners such as USAID, World Bank Group, DANIDA, KFW, DFID, Ireland and Norway; civil society; and Uganda’s business community drafted and launched Uganda’s Domestic Revenue Mobilisation Strategy (DRMS) for FY 2019/20-2023/24.


Mulago Specialized Women and Neonatal Hospital Commissioned

Submitted by on Thu, 09/03/2020 - 00:37

The hospital was officially commissioned on 2nd October 2018 to serve as a center of training, research and medical development. The facility will offer world-class maternal and neonatal care to all mothers and babies in Uganda and will contribute to a reduction in the high rates of Maternal and newborn Mortality in the country. Construction of this hospital commenced on 8 June 2015 by Arab Contractors and was completed and equipped in August 2018. The 450 bed capacity hospital was completed at a cost of USD 25.14m; a loan obtained from Islamic Development Bank (IDB).


Government steps up to improve infrastructure in the country to stimulate growth

Submitted by on Thu, 09/03/2020 - 00:33

Investment in infrastructure development especially in the transport, energy and ICT has underscored significant contribution to economic growth. Government continues to invest in infrastructure development to create an enabling environment for private sector growth and increasing household incomes. Thus, Government commissioned the Isimba Hydro Power Plant (183MW) in 2018 to increase the power supply. As a result, the installed generation capacity increased from 867MW in 2014 to 1254 MW in 2019.