The final investment decision (FID) was expected to open the tap for money to start flowing, paving the way for projects like the US$3.5bn East Africa Crude Oil Pipeline.
Construction of the 1400 km heated oil export pipeline from Hoima in western Uganda to Tanzania’s port of Tanga on Indian Ocean has stalled.
The MPs made the decision after the finance committee chairperson, Henry Musasizi recommended that 20 billion shillings be cut from the proposed 140 billion shillings for court awards as proposed in budget for Treasury operations under the Ministry of finance.
The Contingency Fund is meant for emergencies or unexpected outflows, mainly economic and natural crisises. Lugoloobi argues that the Contingency Fund, which is budgeted for under Treasury Operations in the finance ministry, should not only be given to the Ministry of Disaster Preparedness.
Pacifici said that Uganda had improved a lot on infrastructure development and it is now time to address economic development like labour issues, inflation, energy, environmental issues, and markets among others. He also said Government should focus on issues that include culture, skills development, and social protection among others.
Residents attempted to lynch two suspected cattle thieves, Nelson Elum and his son-in-law Daniel Okello who were in detention at Alemi Police Out-Post. However, they were overpowered by the police who fired live bullets and teargas.
Namulondo Investments Ltd, the business arm of Buganda Kingdom responsible for Kabaka’s property had earlier wrote to Masaka district authorities asking them to vacate the kingdom property due to outstanding ground rent arrears.