In a public notice, USE Chief Executive Officer, Paul Bwiso said trading in Uchumi’s shares and the listing of its shares on the bourse had been suspended, until the company meets all the requirements.
The government, in its budgeting had already foreseen that there would be a deficit, but did not anticipate it would be higher than the expected by nearly 8 times at over more than a trillion shillings.
During the month, the government spent 3.434 trillion shillings, which was 24.2% more than what it was budgeted to spend, with both recurrent and development activities exceeding their monthly targets.
David Acire, the Lukodi Village LC I chairperson told URN on Thursday morning that preliminary findings indicate that the rain destroyed hundreds of acres of crop gardens belonging to 516 households and several houses.
Daniel Kawalya, the chairperson of Zibulatudde roadside market vendors told Uganda Radio Network (URN) that they didn’t devise the eviction notice but delayed moving because of the ongoing construction of latrines at the proposed new site offered by Paul Salabwa, the Kikyuusa Town Council LC 3 Chairperson.
Omoro Resident District Commissioner Ms Akany says she manage to arrest these four culprits on a tip-off from concerned residents who alerted her about the ongoing destruction of the Shea trees in Idure Village.
According to Eswelu, they failed to collect sufficient local revenue because of the low revenue base. He revealed that revenue collection in the district dropped from over Shillings 1Billion to Shillings 426Million, which he attributed to the COVID-19 pandemic and creation of Terego district and Arua City hence denying them some sources of revenue.