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.
In its latest economic outlook report for Uganda after the executive consultations on the country, the IMF says: “One shilling paid for debt service is one shilling less going to a school or a health clinic. The current ratio of interest payments to revenue is comparable to what countries with high risk or in debt distress typically face.”
The agency is housed in a three storey office building along Hannington road, Nakasero. ESO Director General Joseph Ocwet says that although the current office building is surrounded by high rise buildings that do not go well with security protocol, they have been appealing for a new office in vain.
Political parties under the Inter-Party Organisation for Dialogue (IPOD) are set to meet Inspector General of Police, Martin Okoth Ochola to discuss implementation of new Public Order Management Act (POMA) regulations.
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.
The report shows that African elephant populations have fallen from an estimated 12 million a century ago, to 400,000. It adds that the decline is of concern because even in well-established and protected elephant populations, the annual losses to illegal killing and other mortalities are not being compensated by birth rates.
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.
The commercial manufacture and consumption of waragi packed in sachets was delegitimized in 2017 on the basis of health and environmental concerns. The same order invoked price control mechanisms to prohibit access to smaller quantities of alcohol to the population.