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

Updated: 28 Mar, 04:4204:42

• Provide Investment Incentives to Reduce Cost of Basic Foodstuffs –African Govt’s Told

  20 Jan 2023, 08:39 Comments 624 Views Kampala, Uganda East Africa Business and finance Agriculture Updates

  African Governments have further been urged to facilitate access to capital and crowd-funding to support SMEs in Africa, through the use of Government Guarantee Funds and Privately Driven Guarantee Funds (PDGFs) including subsidizing agricultural production for key sectors such as cereals, vegetable, and palm oil to reduce the costs of production to enhance global competitiveness.

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  Sylvia Nankya

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• Gov't Asked to Extend Ban on Charcoal Production Permits Beyond Gulu

  20 Jan 2023, 07:58 Comments 564 Views Gulu, Uganda Business and finance Environment Northern Updates

  Justine Kidega, the LCIII Chairperson of Unyama Sub-county says it’s not sustainable to enforce the directives in Gulu district alone when other districts in the region are still issuing movement permits for charcoal.

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  Julius Ocungi

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• Parliament Resolves to Investigate NSSF

  19 Jan 2023, 19:24 Comments 497 Views Kampala, Uganda Parliament Business and finance Report

  According to Speaker of Parliament, Anita Among, the members of the Select committee will be communicated during the plenary sitting on Monday.

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  Olive Nakatudde

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• New Bill Proposes UGX 200m Security Deposit for Money Remittance Businesses

  19 Jan 2023, 18:42 Comments 588 Views Kampala, Uganda Science and technology Business and finance Parliament Report

  Henry Musasizi, the Minister of Finance in charge of General Duties told URN that the proposed Bill seeks to increase the minimum capital requirement for Forex Bureaus from 20 million Shillings to 50 million Shillings while for money remittance business from 50 million Shillings to 200 million Shillings.

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  Ochola O. Dominic

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• Auditor General Highlights Flaws in PDM Program Top story

  19 Jan 2023, 18:29 Comments 869 Views Kampala, Uganda Parliament Business and finance Report

  In his report, Muwanga says that the revised budget for the Model during the financial year was 234 billion Shillings out of which, 139 billion was released representing 59.4 percent performance.

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  Olive Nakatudde

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• Gov’t Loses UGX 33 Billion in Payroll Irregularities

  19 Jan 2023, 17:37 Comments 625 Views Kampala, Uganda Parliament Business and finance Report

  The Auditor General's report highlights that the government lost 19 billion Shillings through the payment of salaries to ineligible teachers in 129 Local Governments.

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  Olive Nakatudde

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• Accountancy Qualifications Aligned to National Higher Education Framework

  19 Jan 2023, 17:36 Comments 377 Views Kampala, Uganda Education Business and finance Updates

  ICPAU and the National Council for Higher Education, have completed the development of the Uganda Accountancy Qualification Framework as a subset for the Uganda Higher Qualifications Framework, which will help universities and ably equate accountancy levels.

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  Nebert Rugadya

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• Town Clerk, Division Chairperson Disagree on Suspension of Waste Management Firm Top story

  19 Jan 2023, 16:41 Comments 606 Views Mukono, Uganda Local government Business and finance Health Editorial

  In his letter, Kabanda accused the contractor of charging exorbitant fees, failing to manage garbage on the streets, working with the local garbage collectors, and declining to collect garbage from residents with ready cash.

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  Kimbowa Ivan

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• Suspected Karamojong Rustlers Steal Livestock in Kitgum

  19 Jan 2023, 16:38 Comments 395 Views Northern Business and finance Agriculture Interview

  Julius Lucan a resident of Agoromin said the rustlers came in two shifts and stole animals from five different homes in Agoromin and Icarael Villages.

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  Caroline Ayugi

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• Lira District Health Support Staff Demand Payment of Allowances

  19 Jan 2023, 16:08 Comments 354 Views Lira, Uganda Business and finance Lifestyle Local government Updates

  The over 30 staff comprising porters, watchmen, and health record assistants have missed their allowances since August last year.

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  Amony Immaculate

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• Uganda to Manufacture Own Anti-Tick Vaccine Starting 2025

  19 Jan 2023, 11:05 Comments 953 Views Parliament Business and finance Agriculture Updates

  Mayanja disclosed that the Ministry is in the advanced stages of conducting field trials and seeking international accreditation at the proposed site in Nakyesasa village, Busukuma Sub-County in Wakiso District to manufacture both the anti-tick as well as Foot and Mouth Disease- FMD vaccines.

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  Ochola O. Dominic

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• Speaker Directs Audit on COSASE Over Under Performance

  19 Jan 2023, 10:21 Comments 450 Views Business and finance Politics Parliament Report

  Among accused the Committee led by Joel Ssenyonyi, who is also the Nakawa West Member of Parliament of 'laziness' thus failing to probe the various entities recommended by the Auditor General within the six months.

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  Ochola O. Dominic

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• Uproar As Pastoralists Invade Amuru Sugar Works Land For Grazing Cattle Top story

  19 Jan 2023, 08:41 Comments 714 Views Northern Business and finance Agriculture Updates

  The land in question in Kololo Parish is part of 10,000 hectares of land that the government intends to acquire for the establishment of a factory and sugar plantation by the Madhvani Group of Companies under Amuru Sugar Works Limited (ASWL).

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  Julius Ocungi

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• Trader Killed by Stray Bullet in Fort Portal Market

  18 Jan 2023, 19:24 Comments 717 Views Fort Portal, Uganda Crime Business and finance Updates

  Rwenzori West Police Spokesperson Vincent Twesige says that the police were called by the chairperson of Kabundaire market to deal with a trader identified as Patrick Kwikiriza who was threatening to cut others with a panga.

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  IRENE KIRABO

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• New Standards to Fight Substandard Engine Oils in the Offing

  18 Jan 2023, 19:01 Comments 466 Views Kampala, Uganda Business and finance Environment Updates

  Currently, the available EA Standard (EAS 159:2000) is outdated and does not take into account modern automotive technologies and is therefore under review “to provide minimum requirements relevant to changing technological developments and consumer expectations.”

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  Nebert Rugadya

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• NUP Asks NSSF Savers to Keep Keen Eye on Probe

  18 Jan 2023, 17:38 Comments 394 Views Kampala, Uganda Business and finance Politics Report

  Mushabe said that while many NSSF savers from private organizations appear to have ignored the current controversies at NSSF, he warned that their savings are not safe.

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  Fahad Muganga

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• Speaker Directs Gender Minister to Present Report on NSSF

  18 Jan 2023, 16:57 Comments 441 Views Kampala, Uganda Parliament Business and finance Report

  The Government Chief Whip, Dennis Hamson Obua told parliament that he had relayed the Speaker’s directive and that the Minister affirmed that she would present a report to parliament on NSSF on Thursday as directed.

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  Olive Nakatudde

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• Stray Lion Kills Three Animals in Lamwo

  18 Jan 2023, 16:00 Comments 422 Views Northern Business and finance Environment Interview

  Moses Billi, the LC 3 chairperson of Nyimur Sub-county told Uganda Radio Network on Wednesday that the lion killed two calves on Monday this week from Alwanya Village in Warigo Parish, and another one on Tuesday right in the kraals.

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  Caroline Ayugi

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• Bacterial Wilt, Cassava Mosaic Diseases Destroy Crops in Lamwo

  18 Jan 2023, 15:46 Comments 414 Views Lamwo, Uganda Agriculture Business and finance Northern Breaking news

  Tito Otiri, the Secretary for Production for Palabek Gem Sub County says that dozens of farmers have reported cases of the diseases to his office seeking an intervention.

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  Emmy Daniel Ojara

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• IMF Board Approves UGX 886B Loan for Uganda

  18 Jan 2023, 14:47 Comments 364 Views Business and finance Updates

  “The Ugandan authorities have managed to preserve macroeconomic stability while sustaining the post-COVID-19 recovery despite rising pressure from global shocks and successive domestic shocks, including new public health challenges,” says Bo Li, Deputy Managing Director at IMF.

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  Nebert Rugadya

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