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13:05
13:05

Gov’t Lacks Work Plan for UGX 200b Withdrawn From Petroleum Fund 1

Section 59 (3) of the Public Finance Management Act, 2015 (PFMA), provides that petroleum revenue is to be used to finance infrastructure and development projects only.
09:22
09:22

Appreciation of the Shilling Gives Mixed Feelings 3

By mid-day Friday, the exchange rate had further fallen to 3,550.8 buying and 3,560.8 selling, reflecting a shilling appreciation of 5.3% from the same period last year.
19:31
19:31

More Masqueraders Cited Among Clearing Agents 1 3

He cautioned that many masqueraders have made themselves too available and effective to the business community that it’s hard for the association to know who the real importers are, but hastened to add that clearing agents should only be those that are licensed by the Uganda Revenue Authority.
19:13
19:13

Reduced Funding to Agricultural Sector Worries Minister and Opposition 2 1

Parliament on Friday passed a 44.77 trillion Shillings National Budget under which allocations to the Agricultural sector were drastically cut from 1.3 trillion in the current financial year to 799 billion in the new one.
18:33
18:33

Parliament Approves UGX 44.7 Trillion Budget; Debt Servicing is Biggest Item 5 1 Top story

Government plans to collect 22.63 trillion Shillings with over 20.83 trillion coming from tax revenue in the coming financial year 2021/2022. This is to help finance the 44.77 trillion Shillings budget passed by parliament today, of which 38% is going for debt servicing.
17:49
17:49

Gov’t Entities Failed to Spend UGX 951Billion 1

Amos Lugoloobi, the chairman of the Budget Committee of Parliament said, in a report presented to Parliament today that the Uganda National Roads Authority-UNRA, Uganda Police Force and Electoral Commission account for the agencies with the biggest unspent balances.
16:49
16:49

Parliament Okays Implementation of Parish Development Model 2 1

Uganda has 10,594 parishes and the Parish Development Model -PDM is a strategy for organizing and delivering public and private sector interventions for wealth creation and employment generation at the parish Ievel as the lowest economic planning unit.
16:18
16:18

URSB Faults Law for Counterfeits on Ugandan Market 2 1

The debate comes on the backdrop of an operation by the URSB, accompanied by police officers in shops in Kiyembe Lane, Nakasero where a number of items branded Harvel were confiscated on Tuesday. The traders say that the operation against five shops confiscated all electronics including main switches, circuit breakers and changeovers manufactured by Harvel plastics in Dubai.
15:12
15:12

UNBS Takes Standards to Innovative University Students 5

According to UNBS, the uptake of standards among manufacturers is still wanting and now they want to ensure that the upcoming manufacturers are supported and empowered to know the importance of standards.
12:13
12:13

Uganda Requests for Yet Another Loan from IMF 1 1 Top story

The IMF spokesperson Gerry Rice says that Uganda requested a three-year loan arrangement. The loan could be in the range of USD 900 million which is roughly 3.1 trillion Uganda Shilling, according to the journalist who asked the question.
12:01
12:01

Kwania Dishes out Emyooga Cash to Beneficiaries 3 1

Emyooga was launched in August 2019 by President Museveni to spur a shift from subsistence to market-oriented production. The government set aside 260 billion Shillings to bankroll the program with each constituency meant to receive 560 million shillings
10:14
10:14

District Leaders in Lango Ask Gov't to Reinstate Development Equalization Grant 3

Last month a circular from the Ministry of Finance was sent to Chief Administrative Officers across the country directing them not to include DDEG in their budget for the next financial year because the government is introducing the new Parish Development Model where funds will be sent directly to the parishes instead of sub-counties, effective July 1.
19:22
19:22

Museveni’s Remarks Rattle Umeme Shareholders Umeme Ltd 4 1 Top story

Umeme's share prices have fallen by more than half at the IPO. Bitature said that could be due to the negative image painted.
18:20
18:20

Parliament Approves Amendment of NMS, NDA Acts 1 1

In the report presented by PAC Chairperson Nathan Nandala Mafabi, the laws establishing the two entities should be amended to ensure that NDA effectively performs its supervision role over NMS. Nandala observes that, the General Manager of NMS is a board member of NDA and likewise, the Chairperson of NDA Board is a board member of NMS.
18:20
18:20

Kampala Gets COVID-19 Vaccine Outreach Support From Bloomberg Philanthropies 1

Bloomberg Philanthropies’ Partnership for Healthy Cities initiative, in collaboration with World Health Organization and Vital Strategies, aims to support equitable distribution of vaccines by member cities
16:46
16:46

The National Plan That Aims To Double Industrial Value Addition

“The Policy focuses on addressing the gaps identified in the National Industrial Policy of 2008 and puts in place strategic measures to optimally benefit from the emerging opportunities, e.g. the AfCFTA,” says the Ministry of Trade, Industry and Cooperatives.
16:38
16:38

Parliament Accuses NMS of Theft and Dealing in Expired Drugs, Approves Breaking its Monopoly 4 1

Legislators have this afternoon approved parliament’s Public Accounts Committee- PAC Central Government report recommending that the monopoly of National Medical Stores- NMS be stopped.
16:10
16:10

PAC Directs Forensic Audit on NMS over UGX 13.3Bn Supply of Uniforms 4 1

Nathan Nandala Mafabi, the PAC Chairperson said that NMS does not manufacture uniforms and the reason to contract them defeats the purpose. He says that the uniforms were never delivered on time and if delivered, they were not the right quality, quantity, size and wrong distribution. Nandala notes that NMS does not manufacture uniforms and the reason to contract them defeats the purpose.
15:06
15:06

Uganda National Farmers Federation Welcomes Parish Model Program 3

UNAFFE President Dick Nuwamanya says that the current structures in place are adequate for the implementation of the model. He says that the only problem would be the will to implement the proposal.
12:07
12:07

Amuru Farmers Venture Into Cashew Nuts Growing foreign exchange 3 2

The perennial tree starts bearing fruits after three years of planting and usually each tree can reach full bearing capacity during tenth year while giving remunerative yields for another 20 years.
61 results