URA Assistant Commissioner Julius Rubagumya says that apart offering competition between the Central and the northern corridors, it is always good to have alternatives, and Uganda must take advantage of the developments that are happening in the region in terms of infrastructure and other programs.
In a public notice, USE Chief Executive Officer, Paul Bwiso said trading in Uchumi’s shares and the listing of its shares on the bourse had been suspended, until the company meets all the requirements.
The government, in its budgeting had already foreseen that there would be a deficit, but did not anticipate it would be higher than the expected by nearly 8 times at over more than a trillion shillings.
During the month, the government spent 3.434 trillion shillings, which was 24.2% more than what it was budgeted to spend, with both recurrent and development activities exceeding their monthly targets.
UIA and Ogwang “will explore a range of issues including issuance of an Investment License, investment incentives, formalization of Covidex and other medicinal products, investment and business support, amongst others,” says the UIA.