Uganda’s President, Yoweri K. Museveni is yet to fulfil his pledgees worth Shs100bn made to various Universities, Business Focus reveals. This revelation is contained in a report by the Parliamentary Committee on Education on the Ministry of Education Policy Statements and Budget estimates for 2017/18. According to the report obtained
Read More
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
Read More
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 More
On May16, 2017, The International Monetary Fund (IMF) projected that Uganda’s economic growth would slow down to 3.5 to 4% in 2016/17 financial year, down from the earlier anticipated 5% due to drought and slow credit growth. “The drought held back activity in the first part of the year. Private
Read More
The 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 More
The 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 More
Uganda's State House has asked Parliament to approve its supplementary budget totalling to Shs23.1bn as the 2016/17 Financial Year nears closure. On Wednesday, State House officials led by the Minister for Presidency, Esther Mbayo appeared before the Parliamentary Budget Committee to defend the requested money. She was accompanied by State House
Read More
Uganda Revenue Authority (URA) has collected Shs9.2trn in the last three quarters (9 months) of 2016/17 Financial Year (FY), a contribution of 70.11℅ to the annual target of 13.1trn. However, the tax body registered a shortfall of Shs240bn in the same period, thanks to the bad economy. Addressing the press
Read More
The government has been urged to fix Uganda’s ailing economy and security before rushing to fix the media. The call was made by Media experts on Tuesday during a meeting convened at Office of the President in Kampala to assess media coverage on national security. As per the program, the
Read More
Uganda’s President, Yoweri K. Museveni has strongly condemned the use of torture by police against suspected criminals, noting that it is ‘unnecessary.’ Below is Museveni’s guide to security agencies on the allegations of torture of suspects: PO/2 15th May, 2017 The Chief of Defence Forces UPDF Headquarters
Read More
