Clare Musiime Bakanga, the URA head of change digital tracking solutions, told reporters last month that URA was working with Uganda National Bureau of Standards (UNBS) to ensure they minimize revenue leakages, combat illicit trade and money laundering and trace the whereabouts of the product.
At least 95% of the cargo coming into Uganda travels by road. This is expensive in terms of the slowness, high insurance premiums because of the high costs involved and the bribes paid to traffic police on the way both inside Kenya and Uganda.
Parliament has today in an unprecedented manner passed the coming financial year 2019/2020 budget totaling 40.48 trillion Shillings without debate on the budget committee report. The report was presented on Thursday afternoon by the committee Chairperson Amos Lugoloobi.
Parliament has approved the payment of 947 billion shillings ($252m) for the payment of 82 Ugandan companies that supplied goods and services in South Sudan.
Members of Parliament have asked Government to halt payment of Ugandan traders who supplied South Sudan, until when the verification process is complete and all Ugandans included.
Patrick Ocailap, the Deputy Secretary to the Treasury said that the government has decided to push the sector’s allocation from 900 billion Shillings to 1.2 trillion Shillings to cater for the missing ingredients like extension workers and fertilizers that have been directly affecting farmers’ productivity.
Growth for 2019 is now predicted to be a moderate 2.7 per cent, down markedly from 3.4 per cent in 2018. Developing countries are likely to be hit hard, particularly those whose economies rely heavily on markets likely to be affected by any additional tariffs and subsequent retaliatory measures.
Last September, it sold 657 million shares, equivalent to 18 per cent of the firm’s total equity to be listed at the Uganda Securities Exchange. But, the people who bought shares in the company will have to wait for another year before they can earn a dividend, the company has announced
The board of seven directors will be chaired by Ahabwe Godfrey Pereza. Ahabwe is a former MP for Rubanda East constituency and minister of state for local government.
Parliament has approved a Shillings 1.6 trillion supplementary budget request by government for the current financial year 2018/2019 part of which is to carter for the ongoing President Yoweri Museveni’s country wide tour on wealth creation.
MPs on Tuesday disagreed with Finance Ministry’s additional Shillings 929 billion in allocations to the already scrutinized 39.54 Trillion National Budget for the coming financial year 2019/2020.
Total E&P and CNOOC bought Tullow Oil's Uganda interest at USD 900 million (3.4 trillion Shillings), the money that is thought to have paid much of what Tullow had spent in Uganda. The government, however, says that oil companies should not count this money as expenses, which could lower their income tax when Uganda finally starts drilling the hydrocarbons.
The proposal is contained in the report of the committee which has been scrutinizing the payment of 41 billion Shillings to 10 Ugandan companies. The committee was set up after a government request for parliamentary approval to clear a debt of 151 billion Shillings owed to Ugandan traders and companies by the South Sudan government.
The property manager Knight Frank Uganda said in a short statement this morning that the move is part of the initiative to redevelop the mall, and improve tenant mix and customers shopping experience as seen with the recent entry of Shoprite Supermarket as the anchor tenant of The Village Mall.
This brings the total export for the three months to March 2019 or the first quarter of 2019 to $493m (1.8 trillion shillings), this is slightly lower than the $ 549 million (2 trillion Shillings) exported in the whole of 2018
Kutesa however assured diplomats that the Ugandan government is convinced that the current hitch in the state bilateral relations between the two neighbor's will be resolved.
Government is seeking a parliamentary approval to borrow 1.7 trillion shillings ($456m) from the Export-Import (Exim) Bank of China for the upgrade and Construction of National Oil Roads.
The agencies are Uganda National Roads Authority (UNRA), Public Procurement and Disposal of Public Assets Authority (PPDA), National Information Technology Authority Uganda, Kampala Capital City Authority (KCCA), National social security fund, Ministry of Finance, planning and economic development, ministry of water and environment, Mpigi district local government, and Jinja district local government.
