Staff Writer

 In a historic and sweeping policy overhaul, Parliament yesterday approved a series of transformative tax amendment bills aimed at enhancing revenue efficiency, easing financial burdens, and realigning key government funds to drive national development. The passage of these bills marks a major victory for economic reform and a significant step in fulfilling the government’s commitment to a more progressive and balanced tax system. The reforms, spearheaded by Finance Minister Dr. […]

 Collaboration was identified as being a key pillar for achieving the Republic of Congo’s oil production goals during a Congo Energy&Investment Forum 2025 panel discussion sponsored by Weatherford – an Associate Sponsor of CEIF 2025. Operators and service providers underscored the value of partnerships in maximizing output at mature fields as well as the need for aligned priorities, including exploration and supply chain development. Targeting 500,000 barrels per day (bpd) […]

 Financial services provider Premier Invest has announced a series of investment opportunities in the African energy and oil and gas sectors. covering a range of four energy projects across Benin, Zambia and South Africa and five oil and gas projects across Nigeria and Ghana, as well as Guyana. The announcement was made on March 26 by Rene Awambeng, Founder and Managing Partner of Premier Invest during a dedicated deal-room session […]

 As the Republic of Congo’s LNG capacity accelerates following its first export in February 2024, African industry leaders have underscored the role of local and regional capability building in sustaining growth, driving domestic utilization and enhancing intra-African trade. Panelists at the “Building Local&Regional Capability” discussion at the Congo Energy&Investment Forum on Wednesday emphasized that the strength of Congo’s LNG sector depends not just on advanced technology and capital, but on […]

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been recognized for its outstanding contributions to Africa’s financial and capital markets with six prestigious awards at the Global Banking&Markets Africa Awards 2025, presented during the Bonds, Loans&ESG Capital Markets Conference in Cape Town. These accolades underscore AFC’s pivotal role in landmark transactions that drive sustainable development and economic growth across the region. Award-Winning Transactions: Quasi-Sovereign/GRE Treasury&Funding Team […]

 Government has proposed yet another tax exemption to Bujagali hydro power project that will see the power producer relieved of the burden up to 30 June 2032.   The proposal is contained in the Income Tax (Amendment) Bill, 2025 that was tabled for its first reading by the Minister of State, Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi. The Bill was tabled during plenary sitting, chaired by […]

 Following reports tonight of the detention of First Vice President, Dr. Riek Machar, the United Nations Mission in South Sudan, calls on all Parties to exercise restraint and uphold the Revitalized Peace Agreement. “Tonight, the country’s leaders stand on the brink of relapsing into widespread conflict or taking the country forward towards peace, recovery and democracy in the spirit of the consensus that was reached in 2018 when they signed […]

 Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf of government during a plenary sitting chaired by Deputy Speaker Thomas Tayebwa on Thursday, 27 March 2025. According to the breakdown, the biggest portion of the […]

 Government has revised the loan request to buy out electricity distribution company, UMEME, from over US$190 million, to over US$118 million. This was contained in the Special Audit Report for the end of lease and assignment between UMEME Limited and Uganda Electricity Distribution Company Limited (UEDCL) that was adopted during plenary sitting on Thursday, 27 March 2025. The report was tabled by the Minister of State for Finance, Planning and […]