With the rate at which fuel prices are being hiked in Kampala and across the country, it is now common to find VIPs pushing their cars, using public transport or walking on foot because their car has run out of fuel. This morning the residents of Zanna on Kampala Entebbe road were shocked to see Issa Kikungwe’s […]
Makarere university professor Augustus Nuwagaba has criticized government for failing to listen to their advice against selling public companies through the liberalization program. According to Nuwagaba, the economists warned of severe long term effects arising from this policy but government 20 years ago chose to continue with privatisation. He told a public lecture on economic […]
Members of parliament have vehemently criticized government’s approach to the current economic crisis the country is facing. Lawmakers including Theodore Sekikubo, Vicent Kyamadidi, Wilfred Nuwagaba, Mohammed Nsereko and Henry Musasizi say that scrapping off sugar is not enough to rescue Ugandans from the current crisis. The criticisms come only a day after President Museveni meet with the […]
The state minister for finance, Fred Omach has revealed that the cabinet meeting resolution of slashing taxes on imported sugar by 100% is to stay for only six (6) months as govt monitors the situation. Addressing reporters today in Kampala, Omach states that they will keep a close watch on how prices for sugar will move but notes that the current […]
Members of Parliament are urging government to put a price ceiling on all basic commodities. The call comes following announcement by government to reduce taxes on sugar imports by 100%. Addressing journalists at Parliament today, the Kampala Central MP, Nsereko Mohammed said it is not enough to cut taxes but this should be extended to […]
Information minister, Mary Karoro Okurut has revealed that the president, Yoweri Kaguta Museveni has called a cabinet meeting that will deliberate on the sky rocketing prices of sugar among other consumables. The meeting slated for Thursday this week is to find ways on how the government can work out plans to effect reduction in sugar prices as well as […]
Leading opposition party FDC is advising the government to tremendously slash its expenditure and invest more in production if the country is to get out of the current economic crisis. According to the information minister in the shadow cabinet who doubles as the party spokes person, Philip Wafula Ogutu, the government should think of investing more agriculture, […]