Recurrent expenditure ✳️ Ministry of Finance Shs2.3 trillio, ✳️ Ministry of Defense and Veteran Affairs Shs1.2 trillion ✳️ Lands, Housing and Urban Development Shs503 billion Development expenditure ✳ Defence Shs2.3 trillion ✳ Ministry of Health Shs1.4 trillion ✳ Energy gets Shs1.4 trillion ✳ Uganda National Roads Authority Shs2.5 trillion Kampala, …
Read More »Police hunt for gunmen who robbed Link Bus passengers
Mityana, Uganda | THE INDEPENDENT | Police in Mityana District is hunting a group of gunmen who mounted a roadblock and robbed an unspecified amount of money from passengers aboard a Kampala-bound Link Bus. It is alleged that the passengers were traveling on a night bus from Bundibugyo when the …
Read More »The legal woes threatening Bitature’s business empire
NEWS ANALYSIS | BAKER BATTE – URN | On Friday, May 13, 2022, Muwema & Company Advocates and Solicitors asked Monitor Publications to retract a story stating that High Court Judge, Musa Ssekaana had asked the Uganda Registration Services Bureau-URSB to consider documents in the Simba Telecom takeover. In …
Read More »Parliament cites fraud in Nakawa-Naguru land saga
Kampala, Uganda | THE INDEPENDENT | Parliament has observed that the variation in the acreage of land allocated to different investors at Nakawa-Naguru by Uganda Land Commission (ULC) connotes the existence of intentional fraud. The Adhoc Committee of parliament, which has been investigating the distribution of 82.05 acres of Nakawa-Naguru …
Read More »Absa Uganda to fund acquisition of laptops for Kyambogo University students
Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has signed a Memorandum of Understanding (MOU) with Kyambogo University that will facilitate the students and staff of the university to acquire laptops and other related accessories on loan instalment basis. “Despite the strong benefits of digital learning, the cost of …
Read More »Parliament approves Sh618bn supplementary budget
Supplementary Budget for FY 2021/2022 ➡Shs86.3bn for Office of the President to cater for external financing from EXIM Bank for the National Science, Technology, Engineering and Innovation Skills Enhance Project ➡Shs77bn for State House for classified expenditures, ➡Shs64.4bn for UPDF to facilitate Operation Shujaa in DRC and Shs87.5bn for operations …
Read More »NBL to keep beer prices unchanged amidst tough economic times
Kampala, Uganda | THE INDEPENDENT | Beer maker, Nile Breweries Limited has today (May 19) announced that it is maintaining the prices of its beer unchanged, despite the negative economic pressures faced by businesses across the board. Executives said, this is deliberate to enable consumers continue to enjoy their favourite beers …
Read More »East African real estate executives hopeful of recovery amid COVID-19 shocks
Nairobi, Kenya | Xinhua | East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya’s capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic …
Read More »Sh44 billion Covid-19 Relief Facility now fully available for tour operators
Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …
Read More »Parliament directs Govt to terminate Vinci Coffee deal
Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a deterrent mechanism …
Read More »