Stories :: Category: Business and finance :: Accepted date: January 2023

Updated: 28 Jan, 22:1622:16

• Over 2600 Hawkers, Street Vendors to Operate in Nsooba

  28 Jan 2023, 13:08 Comments 230 Views Business and finance Human rights Updates

  Richard Lubega, the chairperson of the Federation of Kampala street Vendors Association, says that they acquired the land when Kampala Capital City Authority started enforcing the Smart City Campaign, which displaced vendors off Kampala streets. Richard Lubega the chairperson of the Federation of Kampala street Vendors Association said that they acquired the land but, vendors lacked funds to pay for the ground rent which is over 20 million.

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  Fred Kayongo Male

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• 546 Extension Workers Acquire Skills to Improve Farming in Northern Uganda

  28 Jan 2023, 12:22 Comments 298 Views Agriculture Business and finance Updates

  Veronica Akware, the Assistant Animal Husbandry Officer from Amuria district, said during the pass out on Friday that they are now empowered to provide farmers with efficient animal breeds to improve productivity.

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  Fred Kayongo Male

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• Lugazi Residents Decry Delayed USMID Road Works

  28 Jan 2023, 11:59 Comments 187 Views Buikwe, Uganda Business and finance Lifestyle Editorial

  Godfrey Kiwanuka, one of the residents, says that the contractor is so slow compared to Sterling. Kiwanuka notes that if the contractor cannot manage the work, he should resign from the job so they can get a contractor who can.

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  Namajja Elizabeth

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• Alik HC III Receives UGX 168M for Staff House Construction

  28 Jan 2023, 08:29 Comments 195 Views Lira, Uganda Health Business and finance Northern Updates

  The self-contained house meant to accommodate two staff will have a 5000-liter water harvesting tank and another 1000-liter tank to supply water to the inside facilities. Alik HCIII, which was recently upgraded from health center II has eleven staff.

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  Amony Immaculate

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• Museveni Regrets Sale of UCB as Experts Hail Mutebile Legacy

  28 Jan 2023, 07:48 Comments 345 Views Business and finance Updates

  President Museveni said that in determining the best way forward to revive the fortunes of the economy in the early years of the National Resistance Movement-NRM government, he usually took advice from Mutebile who was then a director at the Ministry of Finance and later permanent secretary.

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  Nebert Rugadya

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• Leadership Desputes Delay Relocation of Vendors into New Masaka Central Market

  27 Jan 2023, 23:41 Comments 158 Views Masaka, Uganda Business and finance Updates

  Achilles Mawanda, the Masaka City Deputy Mayor says following the misunderstanding, they halted the process of relocating the vendors into the new market, and referred the matter to the Ministry of Local government for guidance and eventual management as an independent arbiter.

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  Ezekiel Ssekweyama

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• Uganda Shilling Romps Over Regional Peers, Dollar

  27 Jan 2023, 12:03 Comments 309 Views Business and finance Updates

  In December 2022, the local currency traded at an average of 3,688.16 shillings to a dollar, compared to 3,760.23 shillings in November 2022.

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  Nebert Rugadya

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• Lira District Invests UGX 410m on Low Cost Sealing of Key Roads

  27 Jan 2023, 08:43 Comments 222 Views Lira, Uganda Business and finance Health Local government Updates

  Low-cost sealing technology uses locally available materials so that small-scale contractors can construct roads using relatively little capital and labour-based methods. They provide a cost-effective and sustainable alternative to natural gravel surfaces, with more manageable maintenance requirements and lower transport costs.

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  Amony Immaculate

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• Gov't Proposed Budget Increase Unrealistic-Opposition

  26 Jan 2023, 17:13 Comments 263 Views Kampala, Uganda Parliament Business and finance Report

  Wamakuyu Mudimi, the Budget Committee Vice Chairperson in his report observes that the contribution of tax revenues to the total budget has continued to decline, hence pushing the government to costly borrowing.

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  Olive Nakatudde

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• Parliament Committee Proposes 12 Percent Budget Increase

  26 Jan 2023, 16:21 Comments 330 Views Kampala, Uganda Parliament Business and finance Report

  However, Shadow Finance minister Muwanga said Kivumbi says in his minority report: "For the budget committee to identify a huge funding gap of 6.1 trillion to be added to the already exaggerated Resource Envelope of 49.9 trillion Shillings without identifying the sources of revenue renders this exercise an academic trip of no particular practical import to the budget process.”

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  Olive Nakatudde

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• Nwoya District Yet to Recover Swindled PDM Funds

  26 Jan 2023, 15:58 Comments 272 Views Nwoya District, Uganda Business and finance Local government Northern Updates

  145 million Shillings has so far been recovered from six civil servants implicated in the misappropriation of the fund since the intervention of Jovrine Kalisa, the Deputy National Coordinator of PDM.

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  Julius Ocungi

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• Budget Committee Raises Red Flag on Conflicting Gov’t Debt Figures

  26 Jan 2023, 14:12 Comments 205 Views Kampala, Uganda Parliament Business and finance Report

  In the committee report on the proposed National Budget Framework paper for the next financial year 2023/2024, Members of Parliament queried the variance in figures submitted by the Ministry of Finance and Auditor General.

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  Olive Nakatudde

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• Between Drilling and Production, Another Two Year's-Wait for First Oil Drop

  26 Jan 2023, 14:07 Comments 246 Views Kampala, Uganda Oil & Gas Business and finance Updates

  “The rigs used in exploration are small and are meant to extract small volumes of crude for testing purposes, they can easily be dismantled and moved from well to well,” says Gloria Sebikari, Manager of Corporate Affairs at the Petroleum Authority of Uganda.

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  Nebert Rugadya

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• Construction of Nkoko Bridge on River Ssezibwa Starts

  26 Jan 2023, 12:30 Comments 312 Views Mukono, Uganda Local government Business and finance Lifestyle Updates

  The bridge that used to connect Ntunda and Kasawo sub-counties and as well as acting as a shortcut linking Kayunga and Mukono districts was washed away by heavy rains in 2019, paralyzing transport between the districts. Engineer William Kabiiho, the Assistant Commissioner in charge of National Roads and Bridges in the Ministry of Works says reconstructing of the bridge will cost 2.139 billion Shillings.

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  Namajja Elizabeth

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• Opposition Wants Inquiry into UGX 2.8 Trillion Lost in Tax Exemptions

  26 Jan 2023, 11:37 Comments 262 Views Kampala, Uganda Parliament Business and finance Report

  John Rujoki, the URA Commissioner General recently revealed that 2.88 trillion Shillings will be lost in the current financial year 2022 -23 in form of tax exemptions.

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  Olive Nakatudde

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• Censure: Ssenyonyi next after Namuganza?

  26 Jan 2023, 10:37 Comments 593 Views Politics Business and finance Parliament Interview

  In August 2022, the Committee probed mismanagement, illegal recruitment and embezzlement, among others in Uganda Airlines following the Auditor General’s report for the Financial Year that ended on 30 June 2021.

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  Ochola O. Dominic

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• MP Queries Delayed Appointment of Central Bank Governor

  25 Jan 2023, 19:40 Comments 423 Views Kampala, Uganda Parliament Business and finance Report

  The Governor is mandated to promote monetary policies and processes, ensure that regulated firms are financially sound and safely managed, convene and preside over the meetings of the bank's board of directors and supervise the bank's staff.

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  Olive Nakatudde

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• NSSF's Ayota Defends Fund Against Allegations of Bowing to Political Pressure

  25 Jan 2023, 19:02 Comments 230 Views Kampala, Uganda Business and finance Updates

  On the allegations of state officials getting money from the fund, Ayota said all manner of people and institutions try to but procedure and law can't allow them to succeed.

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  Nebert Rugadya

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• Nine Truckloads of Cattle Intercepted in Nwoya

  25 Jan 2023, 18:30 Comments 288 Views Nwoya District, Uganda Security Business and finance Northern Updates

  The cattle mostly from the long-horned Ankole breed were intercepted following a tip-off while being transported at night, according to security officials in the district.

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  Julius Ocungi

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• Gulu Market Vendors Complain Over Irregularities in Election of Leaders

  25 Jan 2023, 18:05 Comments 203 Views Gulu, Uganda Local government Business and finance Northern Updates

  Janani Loum, the Chairperson of Ready Made Vendors says the process of the election hasn’t been followed citing the failure of the electoral officers to validate the registry, display registered members and establishment of a complaint desk.

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  Julius Ocungi

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