Finance

Bring business to Uganda – Speaker asks Gulf investors

Bring business to Uganda – Speaker asks Gulf investors

The Speaker of parliament Rebecca Kadaga has asked investors from Gulf  countries  to bring their business to Uganda to enable Ugandans get jobs. Kadaga made the call while meeting the Ambassador of United Arab Emirates to Uganda Abdulla Mohammed Al Takkawi  who had paid courtesy call to the Speaker. Kadaga said that the United Arab Emirates embassy […]

Change of guard at Eskom (U) Ltd

Change of guard at Eskom (U) Ltd

The Prime Minister Dr. Ruhakana Rugunda has hailed the outgoing Eskom (U) Limited Managing Director Ms. Nokwanda Mngeni, for her dedicated work that has contributed to improved power generation in Uganda. He pledged Government’s total support to the new Managing Director Ms. Thozama Gangi. The Prime Minister met the team from Eskom (U) Limited, who […]

Africa registers economic growth- Report

Africa registers economic growth- Report

A new report indicates that Africa continues to register growth economically, from 3.7% in 2013 to 3.9% in 2014. The report stated that: For Sub-Saharan Africa, 2015 is a turning point. The summits on sustainable development, financing and climate change are swinging the spotlight not only onto Africa’s needs to accelerate development and adapt to global warming, but also onto the […]

Abolish all taxes levied on SACCOS – President Museveni

Abolish all taxes levied on SACCOS – President Museveni

President Yoweri Museveni directed that all taxes levied on Savings and Credit Cooperative Societies (SACCOS), especially on the dividends of the members, should be abolished to promote the saving culture and avoid double taxation. This was revealed by the Prime Minister Dr Ruhakana Rugunda who represented him at the celebrations to mark the 93rd International […]

EOC recommends 3% of youth fund to go towards youth with disabilities.

EOC recommends 3% of youth fund to go towards youth with disabilities.

The Equal Opportunities Commission (EOC) has recommended that 3% of the youth livelihoods program fund be reserved for female and male youth with disabilities. The chairperson of the commission, Rita Matovu, disclosed this while presenting to the Speaker of parliament, Rebecca Kadaga, the annual report on the state of equal opportunities in Uganda 2014. Matovu said […]

Financial year ends as budget is explained

Financial year ends as budget is explained

The secretary to the treasurer, Keith Muhakanizi revealed that government has managed to save over UGX 200bn in the ending financial year which is to be used to fund other government programmes. Muhakanizi while responding to questions from journalists, said, the fund arose from checking on power government spending, coupled with efforts to combat graft among […]

Parliament approves Government loan to fund MATIP 2

Parliament approves Government loan to fund MATIP 2

Parliament has approved a loan, authorizing Government to borrow USD 84.2million from the African Development Bank to finance Phase 2 of the Market and Agriculture Trade Improvement Programme (MATIP 2). The programme aims at tackling market infrastructure development, value addition and trade facilitation. It will be implemented over a five year period in nine municipalities […]

Organize farmers to produce goods accepted on the international market: State Minister Ssempijja

Organize farmers to produce goods accepted on the international market: State Minister Ssempijja

State Minister for Agriculture Vincent Bamulangaki Ssempijja says focus should now be put on organizing farmers to be able to produce goods accepted on the international market. This comes after reports that most agricultural produce from Uganda exported to the European market has harmful organisms such as African Cotton leaf worm, false codling moth, and fruit flies […]

PM calls upon investors in oil and gas sector to expedite development in the sector

PM calls upon investors in oil and gas sector to expedite development in the sector

The Prime Minister Dr Ruhakana Rugunda has called upon investors and other stakeholders in the oil and gas sector to continue working together closely to expedite the development of the oil and gas sector in the country. The Premier made the remarks at the joint meeting of the policy coordination committee and the oil and […]

Parliament to take legal action against Continental Tobacco for defaulting farmers

Parliament to take legal action against Continental Tobacco for defaulting farmers

Parliament has pledged to secure lawyers to take legal actions against Continental Tobacco Services Uganda limited for defaulting tobacco farmers in Bugangaizi. This was announced by the Speaker of Parliament Rebecca Kadaga while receiving a petition from tobacco farmers at parliament over non-payment. Kadaga instructed the Member of Parliament for Bugangaizi, Kasirivu Atwook and the […]