Stakeholders cut a ribbon to symbolize the groundbreaking of the ORIO mini hydropower project. The Government of Uganda, through the Ministry of Energy and Mineral Development and the Uganda Energy Credit Capitalisation Company (UECCC), has officially broken ground for the ORIO mini hydropower project in Western Uganda. The official
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Officials from the Bunyoro University Task Force Management Committee Members of Parliament (MPs) have discouraged government from acquiring land for Bunyoro University at Shs4.9 billion. The 100 acres of land in question is located in Buhimba Town Council, Hoima City and was offered to government by Dr Henry Wamani, a
Read MoreThe Deputy Speaker, Thomas Tayebwa, has assigned the House Committee on ICT and National Guidance to carry out an in-depth investigation into the continued illegal practice of telecom companies reassigning already allocated sim cards to other people. Tayebwa noted that the mobile numbers of many people have been ‘hijacked’ for
Read MoreKaruma hydropower dams Parliament has approved a request by the Ministry of Energy for an additional UGX 89 billion to supervise correctional works at Karuma and Isimba hydropower dams. Of this, UGX 51 billion will be allocated to Karuma Dam, while UGX 38.367 billion is earmarked for Isimba Dam.
Read MoreThe Office of the Auditor General (OAG) will only audit 40 per cent of Ministries, Departments, Agencies (MDAs) and local governments in the 2024/25 financial year due to a Shs32 billion budget cut. This reduction, which represents 60 per cent of the operational budget required for fieldwork according to the
Read MoreMinister of State for Finance (General Duties), Henry Musasizi Government will prioritise debt management, domestic revenue mobilisation, and economic transformation in the next financial year. This revelation was made by the State Minister for Finance (General Duties), Hon. Henry Musasizi, while justifying the motion on the National Budget Framework
Read MoreGov’t Urged To Reduce On ‘Unsustainable’ Domestic Borrowing Killing The Private Sector
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
Read MoreAjay 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
Read MoreTreasury Bonds, Unit Trusts Provide Pathways To Real Estate & Business Capital Accumulation
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
Read MoreDeputy 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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