The Ministry of Lands, Housing and Urban Development (MoLHUD) has failed to absorb funds provided to it in the 2016/17 National budget. According to the Parliamentary Sectoral Committee Report on Physical Infrastructures on Ministerial Budget Policy Statements and Proposed Budget Estimates for FY 2017/18 obtained by Business Focus, MoLHUD’s absorption
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The authorities in the US are still considering banning laptops from cabin baggage on all international flights, the head of Homeland Security says. John Kelly said there was a real threat and terrorists were "obsessed" with the idea of knocking down a US plane. The US already has a ban
Read MoreUgandans Will Start Enjoying Oil Cash in 2020, Insists Gov’t
The Government of Uganda has insisted that Uganda will have its oil out of the ground come 2020 despite many analysts and Ugandans have their reservations about the set deadline. This assurance was revealed by Eng. Irene Muloni, Uganda’s Minister for Energy and Minerals during the signing of the Intergovernmental
Read MoreThe Parliament of Uganda has okayed Shs550m daily expenditure by State House, Business Focus Reveals. Parliament approved State House budget after adopting a report by the Presidential Affairs Committee of Parliament on the ministerial policy statement and budget expenditure for 2017/2018 tabled by the Office of the President. Recently State House
Read MoreMakerere University Researcher Dr. Stella Nyanzi has asked Buganda Road Court Chief Magistrate, James Ereemye, to halt proceedings in her criminal case until the Constitutional Court pronounces itself on a petition she filed challenging the Mental Treatment Act. The Mental Treatment Act was used by the state as a justification
Read MoreA Chinese consortium has paid $600m (£462m) for the world's second-largest condom maker. Australia's Ansell is selling its condom division to Humanwell Healthcare Group and CITIC Capital China Partners in an all-cash deal. Global sales of its brands, which include Mates, Skyn and Jissbon, lag behind Reckitt Benckiser's Durex. The
Read MoreUganda's government has failed to recover Shillings 54.3 billion that was disbursed to the various youth groups under the Youth Livelihood Program-YLP, a report from the Gender, Labor and Social Development Ministry has revealed. The money is part of the Shillings 64.4 billion disbursed to 8,963 youth groups across the
Read MoreTwo Kenyan banks with operations in Uganda have won the prestigious African Banker Awards for the year 2017. Equity Bank Kenya won the Best Retail Bank Award while KCB Bank walked away with the Best Regional Bank in East Africa. Winners of the 2017 African Banker Awards were announced at a
Read MoreThe Government of Uganda through Ministry of Finance, Planning and Economic Development has finalized plans to increase its shares in Housing Finance Bank (HFB), Business Focus reports. The motion seeking to increase government shareholding in HFB from the current 45% was tabled before Parliament on Wednesday by David Bahati, the
Read MoreControversial Makerere University Don, Dr Stella Nyanzi on Tuesday hinted at launching her search for a lover in an 'emotional' Facebook post. Nyanzi who is out on bail after being held for 33 days at Uganda's Maximum Prison, Luzira on charges of calling President Yoweri Museveni a 'pair of buttocks'
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