Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to come up with a comprehensive plan on industrialisation for the country. The followed presentatation of a ministerial policy statement by the Minister of State for Trade, David Bahati, on the commemoration of the Africa industrialisation Day and other matters …
Read More »MPs reject UGX108Bn additional funding to Atiak sugar factory
Kampala, Uganda | THE INDEPENDENT | The Budget Committee has rejected a consideration of a supplementary budget request worth 108 billion shillings as additional funding to Atiak sugar factory in Amuru district. The MPs say government has heavily invested in the company and yet the shares remain stagnant. They say that until …
Read More »Gov’t pledges support to cotton and vanilla farmers
Kampala, Uganda | THE INDEPENDENT | Government is implementing a training programme through the Ministry of Agriculture to empower farmers with skills on production and marketing procedures of agricultural products that face price fluctuations. According to the State Minister for Industry, David Bahati, government will facilitate farmers to join cooperatives so …
Read More »Finance, trade ministries conflict over UGX 200Bn MSME relief cash
Kampala, Uganda | THE INDEPENDENT | Government ministries are yet to agree on how to manage the Shillings 200 billion relief package that President Yoweri Museveni announced for micro, small and medium enterprises while announcing the second COVID-19 induced lockdown. More than a month later, the money is yet to be …
Read More »Gov’t to pay Bunyoro tobacco farmers
Hoima, Uganda | THE INDEPENDENT | Government has said that compensation of the more than 1,000 tobacco farmers in Bunyoro sub-region who had been denied payment since 2017 by private companies is expected to start in two weeks. The Minister of State for Industry, David Bahati, blamed the delay in payments to …
Read More »Parliament clears UGX 695B supplementary expenditure for current financial year
Kampala, Uganda | THE INDEPENDENT | The government has secured a supplementary expenditure request worth 695.5 billion Shillings for the current financial year 2020/2021. The expenditure was approved by Parliament last evening, shortly before the tenth parliament closed its business. A big chunk of the money (481 billion Shillings) is going …
Read More »Gov’t hails 10th parliament for passing age limit bill, positive criticism
Kampala, Uganda | THE INDEPENDENT | The tenth parliament officially ended its business last night concluding a journey that started five years ago. But as they walk out, a number of them say that their term of office was a roller-coaster, punctuated with attacks, safety challenges and a virus that almost …
Read More »Gov’t presents fresh loan request for the refurbishment of Kampala-Malaba railway project
Kampala, Uganda | THE INDEPENDENT | The government has backtracked on its earlier request to Parliament to borrow 1.29 trillion Shillings for the refurbishment of the Kampala-Malaba Meter Gauge Railway Project and presented a fresh loan request of 1.393 trillion Shillings. The new loan request is in the excess of 101.05 Billion …
Read More »Bill on motor vehicle licences rejected
Kampala, Uganda | THE INDEPENDENT | The Traffic and Road Safety Act (Amendment) Bill 2021, seeking to introduce a license fee for motor vehicle owners payable annually has been rejected by Parliament. The Bill which was presented to Parliament in April by the government failed to meet favour with the Committee on …
Read More »House approves taxes on rental premises, fish maw
Kampala, Uganda | THE INDEPENDENT | Parliament on Monday approved several new tax measures including an 8 percent levy on fish maw exports, 5 percent levy and 10 percent levy on processed gold and unprocessed minerals respectively. The House also approved a proposal for landlords to file separate returns from each rental …
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