Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
    Nigeria Presidency refutes Catholic leaders’ criticism of economic hardship
    March 11, 2025
    Ghana’s President Mahama strengthens ties with Mali during Bamako visit
    March 10, 2025
  • Business
    BusinessShow More
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Burkina Faso strengthens Russian ties with new mining licence
    April 27, 2025
    Ghana Bauxite Company targets 6 million tonnes production by end of 2025
    April 7, 2025
    Ghana to launch ‘River Guards’ program to combat environmental Impact of illegal mining
    March 17, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
    October 2, 2025
    Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
    September 30, 2025
    Botswana declares public holiday after winning gold medal
    September 22, 2025
    Ghana smashes national record to reach 4x100m final at World Championships
    September 20, 2025
    Nigeria held to frustrating draw by South Africa in World Cup qualifier
    September 9, 2025
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
    Biden directs US forces to aid Israel’s defence against Iran
    October 2, 2024
Reading: Uganda: Finance Ministry to Stop Entry of Development Projects Without Feasibility Studies
Share
Notification Show More
Latest News
Newly qualified radiographer kidnapped in Nigeria
October 2, 2025
Nigeria’s anti-trafficking agency rescues 24 in major airport operation
October 2, 2025
Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
October 2, 2025
Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
September 30, 2025
The future is African – Ghana President declares at UN Assembly
September 26, 2025
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > Finance > Uganda: Finance Ministry to Stop Entry of Development Projects Without Feasibility Studies
Finance

Uganda: Finance Ministry to Stop Entry of Development Projects Without Feasibility Studies

The move, which seeks to improve public investment management and stop cost overrun, will also strengthen institutions in terms of building capacity of institutions across the entire project cycle, construct assets efficiently and at minimum costs. 

Posted Yussif Alhassan Uthman November 11, 2022 3 Min Read
Updated 2023/04/27 at 5:04 PM
SHARE

Uganda’s Ministry of Finance says there will be no more entry of development projects in public investment plans that have no feasibility studies. 

The move, which seeks to improve public investment management and stop cost overrun, will also strengthen institutions in terms of building capacity of institutions across the entire project cycle, construct assets efficiently and at minimum costs. 

While responding to questions during the launch of the updated national parameters and commodity specific conversion factors in Kampala, yesterday, Mr Laban Mbulamuko, the Ministry of Finance director of budget, said no projects will be entered in the Public Investment Plan without feasibility studies. 

RECOMMENDED FOR YOU  COP 15: Countries Adopt Historic Deal to Protect World's Species and Ecosystems

“All the new development projects must have feasibility to inform the social economic and opportunity cost of the project to be undertaken,” he said, noting that development projects must also be accompanied with appraisals and work plans, and detailed designs. 

Learn How To Make Money Online Using Your Smartphone In 2025

The above, he said, will be key in provisioning for needs such as catering for human capital development needs, avoiding wastage of money and being conscious of investment in the social sense and economically beneficial investments. 

RECOMMENDED FOR YOU  Uganda's President Yoweri Museveni speaks against LGBT campaigns

Mr Mbulamuko also noted that the Budget Circular for 2023/24 had tied expenditure for capital development of all the government institutions to Shs8 trillion. 

Mr Hannington Ashaba, the Finance Ministry commissioner projects analysis and public investment department, said investment in public projects must be guided to ensure value for money, noting that they guide investment decision making by using a uniform set of prices against the whole range of intervention. 

These, he said, include economic opportunity cost of capital, foreign exchange premium, non-tradeable outlays, and economic opportunity cost of labour, social value of time, economic value of natural and environmental resources. 

RECOMMENDED FOR YOU  FEATURE: Hunger fears as war hits planting season in Sudan’s breadbasket

Mr Ashaba also noted that the economic opportunity cost of capital enables different cost and benefit flows to be converted into a single net present value, so that they can be compared in economic terms. 

“Government is often looking at investments that have costs and benefits accruing over a long period of time. Therefore, when the economic discount rate is correctly defined, a positive net present value indicates that the project increases the economic welfare of citizens,” he said. 

RSS EDITORS’ SUGGESTIONS

  • 2026 FIFA WCQ: Otto Addo names Black Stars squad for CAR, Comoros games
  • 2026 FIFA WCQ: Fatawu Issahaku rejoins Black Stars for CAR, Comoros games
  • 2026 FIFA WCQ: Medeama SC midfielder Prince Owusu gets first Black Stars call-up after electrifying GPL season so far
  • 2026 FIFA WCQ: OGC Nice defender Kojo Peprah Oppong earns first Black Stars call-up for CAR & Comoros matches
  • Kotoko coach Karim Zito hails Heart of Lions ahead of Baba Yara clash
TAGGED: Feasibility Studies, Featured, finance, Other, Uganda
SOURCES: Monitor
Yussif Alhassan Uthman November 11, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Kenya: Japhet Koome Sworn-in as New Police IG
Next Article Aid deliveries to start in Tigray ‘by end of the week’
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • Newly qualified radiographer kidnapped in Nigeria
  • Nigeria’s anti-trafficking agency rescues 24 in major airport operation
  • Ghana name squad for final World Cup qualifiers against Central African Republic and Comoros
  • Fifa sanctions SAFA with 3-0 defeat to Lesotho and £7,000 fine following Teboho Mokoena breach
  • The future is African – Ghana President declares at UN Assembly

More recommendations for you

  • Black Stars Goalkeeper Benjamin Asare shines with four consecutive clean sheets for Hearts of Oak
  • Ghana’s Antoine Semenyo celebrates Bournemouth’s rise to second after stunning win over Fulham
  • Antoine Semenyo Named Man-of-the-Match after inspiring Bournemouth’s comeback win over Fulham
  • Ghana forward Antoine Semenyo scores brace as Bournemouth thrash Fulham
  • Ghana Premier League: Bechem United and Hearts of Oak play out goalless draw as Benjamin Asare gets another clean sheet

You Might Also Like

Soccer

Ba’s strike sends Senegal through as Uganda’s dream ends

August 24, 2025
Soccer

Uganda soar to Group C summit with composed victory over Niger

August 11, 2025
Soccer

South Africa 2-1 Guinea: Bafana Bafana revive CHAN hopes with crucial victory

August 11, 2025
Soccer

Uganda thrash Guinea 3-0 to keep CHAN hopes alive

August 8, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?