While this is a reprieve to the borrowers, it will mean banks must absorb losses that come with such a directive. It literally means banks will freeze things like interest counting during this period of the lockdown. By May 5, 2020, the lockdown period will have reached five weeks.
Traders have reacted by more than doubling the prices. Products like salt have seen their prices more than triple with traders saying they have run out of supply. Products like rice, beans, G. nuts and flour have had prices edged up a bit. The other reason could be that the supply for the food is now limited as people cut down on their movements.
A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade all other countries and found that at least USD 687 million (2.5 trillion Shillings) worth of trade was done undetected every year between 2008 and 2017.
In a meeting, which took place on September 16, 2019 in Kigali Rwanda, both countries agreed to push the border issue to the next meeting in Kampala. The meeting was expected to take place after 30 days.
Museveni said that manufacturers told him that URA takes long to refund their money paid in form of Value Added Tax. This means that they find problems with money to invest back because it is being held by URA.
This is the first time Museveni is speaking about the companies since the collapse of deal where Tullow Oil was expected to sell part of its interests in the Albertine Graben to Total E&P and China National Offshore Oil Company-CNOOC.
Kamya made the pledge when she was appointed minister in 2016. Kampala traditionally votes against the incumbent and government officials have been on offensive in the last three years to turn the city into the ruling party’s stronghold.
The community has been bickering with Soroti University over the ownership of 110 acres of land which the university allegedly annexed to a chunk of 460 acres initially donated to the institution by Teso College Aloet. The university opened boundaries on the disputed land in 2015, displacing more than 300 families.
Kasule Semugenze, the LC I Chairperson of Sendawula Zone told URN that he struggled to access Mbabazi in vain. He declined to divulge further details, saying Mbabazis issues need to be addressed by someone above him.
The study shows that Museveni, who has been in power since 1986, is ranked number 12 on the list of 46 leaders who have individually had a positive economic growth effect in their respective countries.
This was in a meeting held at State House Entebbe, yesterday. The meeting according to one of the company directors, Arinaitwe Rugyendo was a culmination of numerous informal and formal engagements with government officials on reopening the company which was closed two months ago.
President Yoweri Musevenis former tutor has described him as a bright but fierce, forceful, frightening and intimidating student during his days at the University College, Dar es Salaam. Dr Graham Mytton, a veteran scholar, author and media researcher who began his career in Tanzania 50 years ago, says the future president of Uganda was certain in his leftist ideas and did not brook much discussion about them.
Three supporters of the ruling National Resistance Movement NRM are still admitted at Bukomansimbi Medical Centre after they were severely beaten for attempting to disrupt a consultative meeting convened by Veronicah Nanyondo, the District Woman MP.