Uganda’s Secretary to the Treasury, Ramathan Ggoobi (pictured) has provided “the facts about the Shs 300 billion alleged to have been allocated to Roko (Construction Company)”. Ggoobi was responding to Dr. Ayume Charles’s remarks. “Interesting debate by both sides of the house today. But the omnibus decision to reverse the 750bn budgetary allocation
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Bugiri MP Asuman Basalirwa speaking during the consultation meeting with private sector players and the Government The proposed Anti-Counterfeit Goods and Services Bill 2023 will comprehensively address the challenge of trade in counterfeit goods and services, according to the Bugiri Municipality MP Asuman Basalirwa. According to him, the need for
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Muhammad Muwanga Kivumbi The chairperson of Parliament's Public Accounts Committee, Muhammad Muwanga Kivumbi, has described Uganda's Shs72.136 trillion budget for Financial Year 2024/2025 as a big joke. Uganda Revenue Authority (URA) is expected to collect Shs31.98 trillion in revenue for the 2024/25 financial year. Kivumbi, who is an economist and
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By Brian Bongomin One day you will retire. It is therefore time to understand what the reality of retirement will be for you. You won't be going to work, you won’t have steady cash flow, no influence or at best, a reduced influence. Your children cannot be your retirement investment. Don’t bank
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From Left to Right: Prof. Muhammed Bashir Muazu, Team Lead, Computer Engineering and IASC director Ahmadu Bello University, Nigeria; Prof. Baraka Jacob Maiseli, Associate Professor, Representative of Deputy Vice Chancellor - Research, University of Dar es Salaam, Tanzania; ZHANG Jing, Senior Manager of Huawei ICT Talent Partner Development; George Ndegwa
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NARO Deputy Director General in charge of Agricultural Technology Promotion, Dr. Sadik Kassim gifting the KOICA Country Director Jihee Ahn after the meeting in Entebbe The National Agricultural Research Organisation (NARO) has committed to ensuring the continuity of a special project implemented in collaboration with the Korea International Cooperation Agency
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Oil drilling taking place in Kingfisher Oil project Area operated by CNOOC in Kikuube district/Business Focus photo The Petroleum Fund received revenue (tax and non-tax) totaling to Shs125.9 billion compared to Shs81.9 billion as reported in June 2022, says the newly released report from the Accountant General’s Office. According to
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A photo montage of some bank CEOs/MDs Customer deposits for the 25 commercial banks operating in Uganda increased to Shs33.92 trillion in 2023, up from Shs31.53 trillion in 2022. Business Focus’ exclusive analysis of the banks’ financial statements for the year ended 31st December 2023 shows that the top 10 largest banks
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Grace Semakula(left), the Chief Executive of SBG Securities, Francis Karuhanga (2nd right) , the Chief Executive of Stanbic Uganda Holdings Limited, and Aggie Konde (right), the Board Chairperson of SBG Securities. In a move poised to transform Uganda's investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has
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President Yoweri Museveni President Yoweri Museveni has accused MPs of sabotage and interfering with his duties of budgeting for Uganda, saying that in four years, Parliament has reallocated over Shs3Trn. This is contained in his 22nd June 2024 letter accompanying the returned Appropriation Bill 2024. “The recent case of the Members of
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