The court was sitting to hear an appeal against a ruling by the high court to the effect that the DTB Kenya, a parent company of Diamond Trust Bank-Uganda, was not registered to do business in Uganda, nor appoint DTB Uganda as an agent to collect debts owed to the Kenyan bank by Kiggundu.
“The procedure for recapitalization is that once the audited accounts for any financial year have been finalized, then the level of capital is determined…whether the capital is impaired or not. Should the capital be impaired and then it is only at such a point when Bank of Uganda requests the Ministry of Finance to present to parliament a request for recapitalization,” said Atingi-Ego.
More than 100 cargo trucks connecting to and from Nimule ply Gulu-Attiak-Nimule Highway each day. However, the road has been in a sorry state for over four years. It is filled with potholes and shattered drainage system almost all the way from Gulu City to Amuru district.
Under the Agri-led Interventions, the government intends to spend 200 Billion Shillings to increase production and productivity, increase agro-processing, increase market access and competitiveness of products as well as strengthen coordination among the different departments.
A number of vendors stocked sanitizers while some individuals whose jobs were affected by the pandemic grabbed the opportunity to start selling hand sanitizers.
More than 60 agencies, commissions or authorities were to be disbanded, merged with others or returned to ministries as departments. Now Public Service Minister Wilson Muruli Mukasa says the process requires amendments in legislation. “Most of these agencies are created by acts of parliament and you cannot just abolish them,” he says.
Angered by the polling official's response, the trader grabbed his his shirt. Polling agents and other polling assistants quickly intervened and forcefully separated the two belligerents.
James Wire, a technology and business consultant, says the focus has been mainly put on large organisations especially banks, yet multitudes of small enterprises, which are termed “the backbone of the economy”, have lost lots of business.
According to the report, 64 out of the 453 registered SACCOs in Uganda have collapsed while 312 are struggling due to fraud and poor governance among other challenges. Collins Agaba, the program Manager PROFIRA, says only 77 out the 453 Saccos they are supporting have not suffered any problem.
John Bosco Apaloris one of the pastoralists in Nakapelimoru Sub County in Kotido district said the current drought was posing risk to the animals health.
The road that connects residents to Aduku Saturday market and Aduku Town Council is impassable during the rainy season. It has many potholes and has no proper drainage system.
According to Ocaya, all members of the cooperative society and individual farmers who use Agoro Irrigation Scheme to water their plants have been affected.
According to the National Budget Framework Paper 2021/2022, the total resource envelope in the next financial year is projected at 45.658 Trillion Shillings, which is a slight increase of 164 billion shillings from the current budget.
Mayambala Mustafa the vice chairman Joint taxi operator’s consortium {JOITCO} says there has been misrepresentation when it comes to setting laws that effectively impact Kampala people, caused by the technical and political gap between the policy makers at city hall and the people.
“Over the past years, revenue collections have remained low and this is attributable to key challenges that directly impact on revenue mobilisation that include; under-declaration of sales, false refunds and offset claims, a large and difficult to penetrate informal sector (for tax purpose), poor record keeping by taxpayers,” says URA in its defense.
Atekere cited the impassable Teladwong-Lugore Road, Awach-Unyama Road, Paicho-Omel and Lugore-Patiko Road among others including uplifting Awach Health IV to spur economic development.
