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Oct 34 results
19:33
19:33

MPs Ask Government to Reduce Domestic Borrowing bank of uganda 3 1

Ruhinda North MP Thomas Tayebwa says that many businesses are facing challenges accessing loans because of the COVID-19 risks, and fears that as the government moves to borrow, many banks will withhold money from Ugandans with the hope of lending to the government.
06:19
06:19

Finance Ministry Increases Supplementary Request by UGX 390B local Government 1

The first supplementary is to finance a classified budget of up to 1.5 trillion Shillings for the Ministry of Defence and Veteran Affairs and State House, and a cover a 20 per cent contribution (201 billion Shillings) towards the construction of the 223 kilometres of roads in the Democratic Republic of Congo (DRC), among others.
20:14
20:14

MPs Query UGX160bn Supplementary Budget for Presidential Initiative on Job and Wealth Creation Emyooga 3 1

The Budget Committee members have raised concerns over the delayed distribution of the funds despite appropriation by parliament leading anxiety in the villages. While meeting Planning minister David Bahati the MPs also questioned the intent of government to allocate Shillings 50bn to Kampala during the campaign season.
17:31
17:31

MPs Oppose Uganda Spending Sh200b on DRC Roads 5 1

The members of the Budget Committee were irritated by the allocation of the funds towards roads in the DRC when local roads in the country remain impassable. But Works minister Gen. Katumba Wamala said he hoped that the committee considers the project as a game changer in terms of trade and security.
15:49
15:49

Ministry of Finance Seeks 3.4 Trillion in Supplementary Budget 45 trillion budget 1

Of the 3.4 trillion shillings, classified expenditure for Ministry of Defense and Veterans Affairs and State House takes a huge chunk of 1.5 trillion shillings while Greater Kampala emyooga will bag sh50b.
18:51
18:51

Government, Bankers Appeal for Foreign Rescue private sector 3

An assessment presented by UDB Executive Director, Patricia Ojangole shows that on average, 80 per cent of private sector businesses need financial help like physical cash, debt rescheduling or direct loans to be able to overcome the effects of the pandemic.
18:25
18:25

Uganda's Exports Up But Trade Deficit Grew Higher imports

Export of fresh foods was the most affected as the aviation sector was closed down before a handful of cargo planes started operating at Entebbe and Jomo Kenyatta International Airports. However, dry commodities like coffee and gold continued thriving.
19:02
19:02

1.8m Fall Back Into poverty as Uganda Launches 2021-22 Budget Strategy economic recovery 4

It aims at creating of half a million jobs per year, while per capita income should grow from the current 870 dollars to 1,198 dollars by 2025.
21:32
21:32

COVID-19 Threatens 3.8 Million Jobs-EPRC covid 19 3

Gideon Badagawa, the Private Sector Foundation Uganda Chief Executive Officer says, this money is likely to be misused because the small and medium enterprises that they are supposed to go to, are not formal.
19:19
19:19

NSSF, Finance Ministry Sabotaging Midterm Access-Lyomoki nssf bill 1 4

Workers MP Sam Lyomoki has said there are plans to sabotage the National Social Security (NSSF) amendment Bill 2019 that seeks to allow for midterm access for member’s savings.
20:47
20:47

Parliament Discussed Loans Worth UGX 2.5 Trillion in June irrigation 2

The 10 loan requests were introduced by the Ministry of Finance to Parliament in the month of June alone. They came just a month after Parliament approved another 2.9 trillion Shillings to mitigate the effects of COVID-19.
15:06
15:06

Agriculturist Calls for Development Arm to Support Young Businesses 2

Victoria Sekitoleko notes that at just a point of registration, business owners are asked to provide a load of documentations which are a turn off for many who are often uneducated. Among others to register a business according to guidelines by URSB, one will need to have a Memorandum and Articles of Association where they will often need to hire a lawyer to take them through the process.
12:06
12:06

Parliament Probes Constant ‘Errors and Omissions' in Ministry of Finance Books Accountability 2 1

The Budget office led by Budget Director Sulaiman Kiggundu told committee members that the amount of money indicated as errors and omissions in their accounting was way too high and needed to be investigated.
16:33
16:33

Museveni Rejects 'Unclear' Loans Amounting to UGX 1.4 Trillion President Museveni 1

However, in a letter dated April 4, 2020, the president rejected the loan on the forest and resilience landscape project and the additional financing for intergovernmental fiscal transfers. He said he has a problem with the Ministry's lack of seriousness and failure to use clear language in seeking for the loan.
13:16
13:16

Govt Revises Proposal to Acquire Loans for COVID-19 COVID-19 effects 3 1

Government has revised its proposal to borrow money to mitigate the effects of Coronavirus by up to 1.3 trillion shillings.
17:39
17:39

Delay to Pay South Sudan Traders Anger MPs south sudan crisis 3 1

According to Cecilia Ogwal, the Dokolo Woman MP, as MPs they are running out of patience with the Government for failing to pay Ugandan traders.
13:16
13:16

Aduku Sub County Gets UGX 50m for Completion of Administration Block 2 1

In 2018, the Sub County was evicted in Akot parish after Kwania District which curved from Apac temporarily occupied the Sub County premises.
08:05
08:05

36 Districts Fail to Submit Draft Budget Estimates 1

Muhakanizi, also Secretary to the Treasury notes in his April 15th, 2020 letter that despite his reminder requesting Local Government Accounting Officers to submit their budget estimates by March 23rd, 2020, the districts have not responded.
12:35
12:35

Gov’t Releases UGX 165M To Districts For COVID-19 Fight surveillance

According to the breakdown, the Health Sector bagged Shillings 104.2 billion; the security Shillings 77.4 billion, ICT Shillings 6 billion, Local governments Shillings 36.2 billion, Disaster response Shillings 59.4 billion and MPs Shillings 10 billion among others.
07:36
07:36

Security Gets More Money for Coronavirus Fight health sector 4 1 Top story

Although the Finance Ministry is seeking Shillings 284 billion to mitigate the corona virus pandemic impact, Shillings 81 billion is going to security while Shillings 62 billion will be channeled to the Health sector, which is at the forefront of combating corona virus.
Oct 34 results