Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion (USD10.7bn) in June 2018, according to the latest Ministry of Finance report. This raises the share public debt from 34.8% of …
Read More »Finance ministers frustrating Constitutional Amendments- MP Niwagaba
Kampala, Uganda | THE INDEPENDENT | Ndorwa East Member of Parliament Wilfred Niwagaba says ministers of finance are standing in the way of tabling proposals through which the Ugandan Opposition is seeking amendments to the Constitution that would lead to changes in the setup of government. Niwagaba, the shadow attorney …
Read More »ANALYSIS: The Family’s man
David Bahati links to secret American group revealed Kampala, Uganda | THE INDEPENDENT | David Bahati, the MP for Ndorwa West constituency who is also the Minister of State of Finance for Planning is among the leading subjects of a new Netflix docu-series called `The Family’ which examines a mysterious …
Read More »South Sudan billions excite Uganda traders
But fight erupts as `Super 10’ run off with compensation monies Kampala, Uganda | IAN KATUSIIME | Muhammad Abdullah Besimira first went to South Sudan in 2007 on a job with his company, BMA Constructions and Fabrications Ltd. He says he got a deal to construct government buildings and ministries …
Read More »Is blockchain technology gaining traction?
African countries have a long way to go as they continue being recipients of blockchain technologies Kampala, Uganda | JULIUS BUSINGE | Blockchain technology has recently emerged as one of the biggest innovations in the world. Michael Niyitegeka, a Kampala based information technology expert explained to this reporter that …
Read More »Museveni’s money fights with MTN
Details on deportations, licence talks Kampala, Uganda | HAGGAI MATSIKO | Money, policy and misinformation are at the centre of the long-running tension between Uganda’s leading telecom operator, MTN, and the government. That much was confirmed at a meeting last week between President Yoweri Museveni and MTN Group CEO Rob …
Read More »BAHATI: I have no company trading in South Sudan
Kampala, Uganda | THE INDEPENDENT | State Minister for Finance in charge of Planning David Bahati has denied owning a company that benefited from compensation over loss of business in South Sudan. Bahati was on Wednesday appearing before Parliament’s Select Committee that is currently inquiring into a payment of sh40 billion …
Read More »BAHATI: No budget for elections in new districts
Kampala, Uganda | THE INDEPENDENT | The government does not have a budget to facilitate the election of leaders in the six newly created districts, according to State Minister for Planning David Bahati. The affected districts are Nabilatuk, Kapelebyong, Bugweri, Kwania, Kassanda and Kikuube, which all became operational in July …
Read More »Sabiiti: I did not apologize for not supporting age-limit
Rubanda, Uganda | THE INDEPENDENT | State Minister for Finance David Bahati and Rubanda West MP Denis Sabiiti have clashed over an alleged apology for voting against a constitutional amendment that lifted the cap on the presidential age limit. The drama started when Bahati named Sabiiti as one of the legislators …
Read More »Sports betting ban
Why putting money on Kasaija not Bahati is smart Kampala, Uganda | DAVID AJUNA | On Jan.20 David Bahati, the minister of state for Finance made an announcement that has shaken the betting industry in Uganda and attracted international attention. Bahati who was speaking at an event in Rugarama, in …
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