Michael Atingi-Ego, the Governor Bank of Uganda, explained that Ayago HC III was chosen because of its strategic location and potential to boost economic development.
The summons, initially issued in November 2024, was extended on Monday when the complainant in this case, Steven Kalali, appeared to follow up on the matter. The summons were extended until February 26, 2025.
Faced with declining external financing, the government has to make its priorities right to ensure that the available resources are optimally utilized, but fears are that this might hurt other sectors, especially social services and agriculture.
The crop losses in the district over the years had stood at 40% according to records from the production department, but the losses dropped to 32% in the 2024 farming season with innovations for farmers.
Uganda Radio Network has learned that the breakthrough occurred during a high-level meeting at the State House last week, chaired by President Yoweri Museveni.
The Deputy Secretary to Treasury says a lot of money is being allocated to debt servicing with little remaining to finance growth. He says there is an urgent need to reform the international finance architecture.
In the first seven months of 2023/2024, government expenditure was 20.68 trillion, out of the 24 trillion that had been planned, with interest payments shooting by 47 billion beyond the budgeted.
Under the multi-party dispensation, Dr. Gerald Siranda Blacks, the DP’s Secretary General argues that the Administration of Parliament Act and Rule 196 of the Rules of Procedure of Parliament allows parties to nominate members for designation by their respective Whips in the House but the same rules undermine powers to recall the nominees.
Founded by Sarah Nabuuma Nyanzi, the school commenced its journey with merely two pupils in a modest boys' quarter of her Lungujja residence in 1995. With determination, Nyanzi painstakingly built the school brick by brick.
Bernard Ogwang, the Manager Stanbic Bank in Northern Region explained that most farmers have failed to benefit from the funds because they do not have a clear flow to help in paying back the loans.
Ibrahim Kasirye the Director of Research at the think tank said women still lack simple things like the National Identity Card which are vital for account opening or accessing digital financial services. He says many women also need permission from their spouses to open a bank account.
Kiryowa Kiwanuka, the Attorney General explained to the House that maintaining in the Financial Institutions Act a provision for the Shariah Advisory Council would complicate the Central Bank’s supervisory mandate over a product it has helped to create.
Cephas Birungyi, a Team Leader at Birungyi, Barata & Associates and a representative of the Uganda Law Society underscored the need for a cautious approach in implementing the proposed legislation on Islamic Banking.
Goods manufactured in Uganda for export to the region include construction products like cement, steel bars, iron sheets, and paint, among others. Fast-moving consumer goods include scholastic materials, personal care products like cosmetics, textiles, foam products etc.
According to the latest survey by Twaweza’s Sauti Za Wanainchi, market prices for staple foods have risen sharply approaching levels of 2017 when the East Africa region experienced food insecurity due to drought.
Speaking at the flag-off, the Uganda Vintage Car Club President, James Ayo, said that many of them have been forced to re-register their cars using the current registration and number plate series when changing ownership or acquiring vehicle insurance.
