State Minister for Investment Gabriel Ajedra has said the integration of financial management laws under the Public Finance Bill will help address the distortions within the existing legal framework and streamline the sector.
However, CAR degenerated into chaos in March this year after Seleka rebels ousted President Francois Bozize, which jeopardized the operation. The troops were rendered idle after the rebels ordered all foreign forces to vacate the country.
According to the Auditor Generalâ€™s report, Makerere University has assets and cash equivalents of 13.7 billion while receivables are 3.7 billion shillings. Kwizera wondered if these were the actual disclosure of the monies, but Karamagi had no documents to show proof.
Vendors in Park Yard have started demarcating space to reconstruct their market, a day after it was destroyed by fire. The early Wednesday morning fire left the over 30,000 vendors counting losses after all their merchandise was reduced to ashes, the third time in four years that the market has been destroyed.
Appearing before PAC on Wednesday, the officials led by the University Secretary David Muhwezi Kahundha failed to clearly explain why some of the studentsâ€™ payments were not being recorded in accordance with the reporting system.