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International News

IMF Approves Shs638bn Emergency Assistance for South Sudan to Address COVID-19 Pandemic

Mitsuhiro Furusawa, IMF Deputy Managing Director  The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 123 million (50 percent of quota or about US$174.2 million or Shs638.3bn) to South Sudan under the Rapid Credit Facility (RCF). This is the second IMF financial assistance to South Sudan

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AgribusinessNews

MPs Protest Cabinet Decision To Cut Budget For ‘Already Poorly Funded’ Agriculture Sector

UCDA officials led by Managing Director, Emmanuel Iyamulemye Niyibigira (R) appearing before Agriculture Committee Members of Parliament sitting on Agriculture Committee protested Cabinet decision to implement last minute budget cuts to a tune of Shs490bn to mainly to  Agriculture agencies. The MPs are scrutunising ministerial policy statements for 2021/2022 budget.  They argue that Agriculture sector has been

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News

Unfair Clauses: Gov’t To Painfully Pay Shs110bn For Unconsumed Electricity

Uganda’s  cumulative outstanding amount of deemed energy (unconsumed electricity) stands at Shs110.79bn as at 30th June, 2020, the Auditor General has revealed. In his February 2021 report to Parliament, the Auditor General,  John Muwanga warns that the debt is unsustainable and may cause a significant strain on government resources if not passed through the

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