The governments of Uganda and Tanzania have finalized arrangements to use the southern route commonly known as Mutukula for trade as an alternative to the Mombasa route. This follows a meeting between the government of Uganda and officials from the Tanzania government held last month. Addressing a news conference, the minister of finance Maria Kiwanuka […]
The government has announced that the Bank of Uganda will start regulating micro finances and mobile money as the way of protecting the consumers of such services. The minister of finance Maria Kiwanuka said that consumers have been complaining about the microfinance services and government is being forced to intervene. She that government has already […]
The Government has pledged to continue maintaining the flexible exchange rate that is determined by the demand and supply market conditions. The Minister for finance planning and economic development Maria Kiwanuka says the global economy has been experiencing terrible times due to financial crisis affecting major export market. Kiwanuka however says due to government initiative […]
The Shadow minister for finance Geoffrey Ekanya has advised government to invest more in the agriculture sector if it’s to solve the current financial crisis in the country. Speaking before parliament on the intervention by the government on the current depreciation of a shilling, Ekanya said that unless government increases it’s funding into the agricultural […]
The parliamentary finance committee has criticized the Minister of Finance for failing to honor the committee’s invite to appear before the MPs. Maria Kiwanuka had been invited to explain to the MPs the current state of the economy but did not turn up. Committee chairperson, Frank Tumwebaze says the minister’s actions were not called for […]
Following the presentation of 2011/12 Financial Budget to Parliament by the Minister of Finance Maria Kiwanuka several MPS have reacted to the Budget saying its pro people while others says it has not addressed the problems that is affecting the people of Uganda. Shadow Minister for Finance Geoffrey Ekanya says the Budget has not put […]
THE REPUBLIC OF UGANDA BUDGET SPEECH Financial Year 2011/12 Theme: Promoting Economic Growth, Job Creation and Improving Service Delivery DELIVERED AT THE MEETING OF THE FIRST SESSION OF THE 9TH PARLIAMENT OF UGANDA ON WEDNESDAY, 8TH JUNE, 2011 BY HON. MARIA KIWANUKA MINISTER OF FINANCE, PLANNING AND ECONOMIC DEVELOPMENT PREAMBLE Your Excellency the President of […]
The outgoing minister of Finance, Planning and Economic Development, Syda Bbumba has advised her successes Maria Kiwanuka or to put more effort in job creation as it is one of the key challenges of the country right now. Bbumba formally handed over to Kiwanuka at the Ministry of Finance offices in Kampala. Bbumba said the […]
The five East African community member states Uganda, Rwanda, Burundi, Tanzani and Kenya will on Wednesday simultaneously read their 2011/2012 national budgets in their respective parliaments. All the five EAC member states are expected to announce business incentives that promote regional integration and reflect the motives of the Customs Union that the five countries embarked […]
President Yoweri Museveniu will officially open the 9th Parliament on Tuesday and deliver his first state of the nation address of his fourth term. According to the Public Relations Manager of Parlaiment, the function will take place at the International Conference Centre in Kampala. The beginning of Parliament will be proceeded with reading of the […]