Parliament’s Budget Committee has recommended that Government contains its appetite for domestic borrowing, warning that the continued borrowing from local commercial banks to finance the national budget if not contained will negatively affect the private sector credit. The appeal was made by Remegio Achia, the Chairperson of the Budget Committee
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Ajay Jain, the General Manager of Crestanks Limited receiving a gift from Ian Rumanyika (Right), the Head External and Corporate Affairs at Uganda Baati. In a bid to strengthen stakeholder relations and promote sustainable water solutions, Uganda Baati Limited on Wednesday held a strategic meeting with Ajay Jain, General Manager
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By Denis Jjuuko Many people in countries like Uganda have no pension or any form of retirement savings. Like we saw during the pandemic, most people are a missed payment away from poverty. It probably explains why some people especially in public service are said to be swearing affidavits to
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Deputy Speaker, Thomas Tayebwa The Deputy Speaker, Thomas Tayebwa, has tasked the Attorney General and Minister for Finance, Planning and Economic Development to expedite amendment of the Public Finance Management Act, 2015 (PFMA), to support programme-based budgeting. While addressing the House on Thursday, 30 January 2025, while considering the
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The Chief Executive Director of Kabaka Foundation, Edward Kaggwa (right), speaking at the health camp. Thousands of people attended the Tubeere Balamu Community Health Camp, which took place on Tuesday, 28th and Wednesday, 29th January 2025, at St. Joseph Catholic Parish-Kyengera, Busiro. The initiative, which had I&M Bank Uganda
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Deputy Speaker Thomas Tayebwa has rejected a request by Wakiso District Woman Representative, Ethel Naluyima, for Parliament to investigate the Uganda National Examinations Board (UNEB) grading system. Naluyima raised concerns over the poor performance of learners in Kampala and Wakiso in the 2024 Primary Leaving Examinations (PLE), arguing that the
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A number of state-owned enterprises are making profits but only one is paying dividends, the Auditor General has revealed. “I noted that only Housing Finance Bank Limited declared dividends of UGX.32.56Bn in the year under review (2023/2024) up from UGX.29.23Bn declared in the prior year. Out of the declared dividends,
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Parliament’s Budget Committee has rejected the Shs200Bn earmarked by the Ministry of Finance for the payment of domestic arrears, noting that the amount is paltry compared to the Shs14.06Trn Government owes to its supplies and instead wants Shs1.15Trn allocated in each of the coming years for the payment of domestic
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Ssenyonyi (Right) receiving the census report from UBOS' Muwonge The Leader of Opposition, Joel Ssenyonyi has criticized the Uganda Bureau of Statistics (UBOS) over the poor handling of the results of the 2024 national census, wondering why the public wasn’t alerted about the corrections made to the jumbled up data
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By Asha Wandulu On a brisk January 20th, 2025, President Donald Trump was sworn in for his second term, marking the occasion with an inaugural speech that reasserted his administration's focus on traditional energy sources over green alternatives. One of the pivotal announcements was the withdrawal of the United States
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