The biggest challenge is how to build the capacity of customs officers to ensure that the law is not used to facilitate illicit activities like money laundering and financing of terror.
“MTN Uganda’s performance in the first half of the year continued on a positive trend, supported by the overall momentum in economic growth. The Ugandan economy grew by 6.0 percent for the 2023/24 financial year, with macro-economic indicators trending favorably in the six-month period,” she said.
Speaking during a tour of the UNBS regional office in Gulu on Monday, Mbadi reaffirmed the ministry's support for strengthening the agency to fulfill its mandate.
Moses Ogwapus, the Commissioner in charge of Financial Services at the Ministry of Finance, has confirmed the development, saying that the proposed amendment aims to alleviate the regulatory burden on NGOs, a move expected to streamline their operations and enhance their ability to focus on their core missions.
For years, the West, including financial institutions like the International Monetary Fund and the World Bank have been accused of making policies that further impoverish nations, exacerbate inequality, and keep the borrowing nations heavily indebted.
