Breaking

Archive

Apr 44 results
07:41
07:41

Finance Committee Rejects UGX 200,000 Annual Car License tax on data 1 Top story

Henry Musasizi, the Chairperson of the Finance Committee said that they are considering approving only six out of the seven proposed new tax amendments to help the government raise revenue.
17:10
17:10

Ugandans to Pay UGX 200,000 Annually for Car License revenue 2 1

State Minister of Finance David Bahati says that the move is intended to streamline the transport sector by getting rid of illegitimate cars and raising money for the maintenance of roads across the country. According to the breakdown, Car owners will pay 200,000 Shillings while motorcycle owners will pay 50,000 Shillings annually.
07:33
07:33

Gov’t Revises Irrigation Loan Request Downwards by UGX 26 Billion loans 2 1

Parliament had authorized the government to borrow up to 445 billion Shillings (101.88 million euros) from the UK Export Finance for the development of the solar-powered irrigation and water supply system, a project which seeks to develop 920 water supply systems for both domestic use and irrigation nationwide over a three-year period.
21:18
21:18

What Next for Uganda‘s Agricultural Surplus? 4

Finance Minister, Matia Kasaijja, says the country is facing a problem of market for local goods, which has resulted in surplus yet farmers are ignoring calls for change. Some of the rejected products include milk, eggs, sugar and maize among others.
11:29
11:29

President Was Given Wrong Information on DGF Funding - Kasaija Parliament 2 1

Kasaija told Uganda Radio Network that he has written a detailed report to the President explaining the processes that the Finance Ministry went through to approve DGF Funding and how the basket fund operates in Uganda. He, however, could not divulge details but added that the president's judgement was based on wrong information.
06:56
06:56

Foreign Affairs Ministers Tired of Begging for Money -Oryem minister sam kutesa 1 3

The Ministry has been allocated 30 billion Shillings out of a 58 billion Shillings request to facilitate its activities for the Financial year 2021-2022. Based on the shortfall, Oryem says they are frustrated by the failure by their counterparts in finance to prioritise diplomatic work and fund it appropriately.
10:59
10:59

Finance Ministry Approves UGX 4.92 Bn For MUBS Staff 1 1

According to a letter by Patrick Ocailap, acting permanent secretary ministry of finance, the government has committed a supplementary budget of 4.92 billion shillings to harmonize salaries of all staff at the learning institution in the fourth quarter of the current financial year.
13:30
13:30

Think Manufacturing, Not Buildings - Private Sector Told cost of money 3

Kampala City Traders Association Chairman Everest Kayondo says they have a chance to expand their businesses by investing in producing what they currently import, but they continue borrowing to import consumer products.
17:13
17:13

Domestic Borrowing Will Not Hurt Economy –Bahati loans 3 1

According to Bahati, if the whole 6.5 trillion was being borrowed domestically, that would have been a problem, but they have decided to borrow money domestically and Internationally.
08:22
08:22

MPs Seek Review of DRC Road Funding Plan loans 4 2 Top story

The Ugandan government announced earlier that it would finance projects to surface a 223-kilometre road in the DRC as part of plans to boost trade between the two countries.
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 4 1

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.
Apr 44 results