Month: November 2024

Finance Minister, Matia Kasaija The Banking industry has defended its changing mode of operation which sections of the public describe as less friendly, saying they have learnt from the effects of global shocks on the businesses and economies generally. In recent times, Bank of Uganda has compelled commercial banks to

The International Monetary Fund-IMF has suspended lending to Ugandans until the government settles the Shillings 8 trillion debt owed to the Bank of Uganda. State Minister for Finance, Planning, and Economic Development, Amos Lugoloobi told the Finance Committee of parliament that this credit was taken during the peak of the

The leaders of Zombo District performing artists and Zombo district gospel music association are bickering over the alleged illegal withdrawal of Emyooga cash. Zombo district performing artist association is accusing the District Commercial Officer Lamet Olum of reportedly conniving with the gospel music association members to change the signatories of

The Uganda National Bureau of Standards (UNBS) has cautioned agro-processors in Bunyoro sub-region to adhere to quality food standards. Ronald Ahimbisibwe, the head of small and medium enterprises at UNBS explains that they have embarked on a campaign on ensuring that agro-processors meet the required standards so that they produce

Parliament’s Committee of Finance is slated to start a probe into the Shs 7 Trillion tax exemptions, despite Members of Parliament and the army contributing to a huge chunk of taxes foregone by Government through income tax exemption. The pronouncement was made by Keefa Kiwanuka, Chairperson Finance Committee during the

The Ntungamo District LC V Chairperson, Sam Mucunguzi has dropped his Finance Secretary Naboth Mpirirwe for alleged incompetence. Mucunguzi sacked Mpiririrwe on Tuesday afternoon during a council sitting presided over by the speaker, Nicholas Twikirize. Mpirirwe’s trouble started after he failed to avail reports from his committee, a move that

Stuart Bakkabulindi, who was reported missing three days ago, has been found dead inside his sister’s vehicle. Bakkabulindi was reported missing by his sister Rose Nakitto. In her statement at Bweyogerere police station, Nakitto said that Bakkabulindi approached her on Saturday at 9 am and asked for her vehicle claiming

Business operators at Wanseko and Panyimur landing sites in Buliisa and Pakwach districts respectively are counting losses because of the prolonged suspension of the Wanseko-Panyimur ferry services. Uganda National Roads Authority-UNRA suspended the operations of the Wanseko-Panyimur ferry in July when the water levels at its docking pier at Wanseko

Six officials of Kabale District local government have been released on police bond after refunding part of the 289 million Shillings meant for the Parish Development Model program-PDM that they allegedly embezzled. Edmund Ntimba, the former Kabale Chief Administrative Officer, Christopher Namara, the District Community Development Officer, Beda Mwebesa, the

Speaker Anita Among Parliament has removed the 20 percent excise duty on sugar confectioneries, which was imposed under the Excise Duty (Amendment) Bill, 2022. The tax had been re-introduced by parliament on May 18th, 2022, and was meant to take effect this financial year 2022/2023. But upon transmission to President