Uganda's Parliament on Thursday passed the Kampala Capital City Amendment Bill 2019. The bill which was first introduced in 2015 has put in place the position of Speaker at KCCA and the Divisions to separate power. This means the legislative powers have been handed over to the Speaker, while the
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Kikagati hydro power project is a 14 megawatts venture located along River Kagera at the Uganda-Tanzania border. The project attained financial closure last week, meaning that investors have agreed to invest a total of $87m (about sh320b) into development of the project. Robert Kasande, the Permanent Secretary in the Ministry
Read MoreFollowing the announcement on the proposed National Social Security Fund (NSSF) Amendment Bill 2019, there has been public uproar on the proposal to tax savers’ savings. Under the current tax regime, the 5% contribution is subjected to a Tax Tax Exempt(TTE) arrangement where members’ contributions are taxed at deduction from
Read MoreA group of lenders who swapped Kenya Airways Plc debt into shares almost two years ago betting on a turnaround can’t seem to catch a break, Bloomberg reports. Just this month, shares of the carrier have fallen 19% to 2.80 shillings by close of Thursday’s trade, 64% below the price
Read MoreUganda’s Prime Minister, Dr Ruhakana Rugunda (in featured photo) has revealed that Government plans to issue licenses to marijuana growing companies. According to local reports, more than 50 firms (both foreign and local), have joined the race to grow and export Cannabis commonly known as Marijuana for medicinal purposes. This
Read MoreParliament has passed the KCCA Amendment Bill 2015, bringing an end to the protracted two year debate between lawmakers and the Executive. The bill streamlines roles and responsibilities of different offices, a move which both the Government and opposition think will end the long-standing battles. The initial proposal that sought
Read MoreMembers of Parliament have differing opinions on the proposal to have the application of the death penalty to the most serious crimes converted into life imprisonment. This was noted during debate on the Law Revision (Penalties in Criminal Matters) Miscellaneous (Amendment) Bill, 2015 moved by Busiro East MP, Medard Ssegona
Read MoreThe Chairman, Meera Investments, Sudhir Ruparelia has protested the move by Parliament to investigate how he acquired a property located on Plot 24 on Kampala Road in the city even when the High Court ruled that he genuinely acquired it. Parliament, through the Committee on Commissions, Statutory Authorities and State
Read MoreThe recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Congo is a game changer for Congo and Africa. The discovery was announced on August 10th by SARPD Oil and PEPA, a Congolese consortium working as operators on the Block. Early projections indicate that
Read MoreThe Speaker of Uganda’s Parliament, Rebecca Kadaga has directed the Human Rights Committee to investigate allegations of reported ‘Safe Houses’ on the island of Kalangala that are allegedly being used as torture chambers by members of the Internal Security Organisation (ISO). The matter was brought to the attention of Parliament
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