The Deputy Speaker of Parliament, Thomas Tayebwa has deferred a vote on the Supplementary Budget Schedule No.1 for the financial Year 2021/2022, following an impasse from across the political divide. During the Thursday afternoon plenary debate, the Opposition vehemently rejected the 2.59 trillion Shillings supplementary expenditure, and the Shadow Minister
Read MoreBusinessFocus Reporter
Eucalyptus Oil: How You Can Earn Shs36m From An Acre Of Eucalyptus Leaves
A farmer can easily earn more from eucalyptus leaves than poles or timber! This is because there is ready market locally and internationally for the eucalyptus oil which is extracted from eucalyptus leaves. Prof Bioresearch is currently buying a litre of eucalyptus oil at Shs300,000. Prof Bioresearch is a local
Read MoreUganda Revenue Authority – URA is concerned that it will forego up to two trillion Shillings in tax expenditures in the next financial year. The URA Commissioner General, John Musinguzi, revealed this on Thursday while appearing before Members of Parliament on Parliament’s Committee of Finance to present the tax body’s
Read MoreThe head of the Civil Division of the High Court Judge Musa Ssekaana has advised unmarried couples staying together to sign agreements that will streamline the ownership of property so that when the relationship breaks down, they have some legal cover. Ssekaana was ruling in a case where Bigala Frediman
Read MoreThe Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the records registered last year and
Read MoreMinister for Karamoja Affairs Mary Gorreti Kitutu Kimono in the dock The Anti-Corruption Court has remanded the Minister for Karamoja Affairs Mary Gorreti Kitutu Kimono to Luzira Prison for loss of public property, corruption, and conspiracy to defraud the government. Kitutu was arraigned before the Court presided over by Chief
Read Moredfcu Bank Limited has announced the appointment of Mr. Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank confirmed the appointment Thursday morning. Mudiwa brings on board over 26 years of experience in Banking, with strong business leadership, success in turning around businesses
Read MoreVisiting EU Officials Appreciate the Uniqueness of Uganda Coffee and Cocoa
EU officials in a group photo with UCDA officials The Deputy Director General, International Partnerships at the European Commission, Myriam Ferran, says Uganda can continue to count on the European Union for support. Ferran was speaking to journalists after a tour of the Uganda Coffee Development Authority (UCDA) laboratory at
Read MoreConstruction works of the hospital stand at 32% The new completion date for the controversial International Specialised Hospital in Lubowa has been set at December 2024. This has left a section of lawmakers on Parliament’s Health Committee with doubts over the revised date. While presenting the 2023/2024 ministerial policy statement
Read MoreThe Minister of Health, Ruth Aceng (pictured) has revealed that there are no funds for the payment of allowances of medical interns and senior house staff in the 2023/2024 Financial Year following the reduction of budget for the Ministry of Health by over Shs75.417bn. Minister Aceng made the revelation while
Read More