Kitgum, Uganda | THE INDEPENDENT | The National Water and Sewerage Corporation (NWSC) Kitgum Branch faces a significant challenge in recovering sh700 million in unpaid water bills accumulated over the past five years. Tonny Ojom, the Technical Supervisor at NWSC Kitgum Branch, revealed that despite numerous strategies aimed at encouraging …
Read More »UHF: Private hospitals drowning in unpaid debts
Kampala, Uganda | THE INDEPENDENT | The Uganda Healthcare Federation (UHF), an umbrella body for private healthcare providers has expressed the need for an efficient strategy that enables clients pay their due medical bills without creating an unnecessary strain with service providers. Speaking to URN in an interview on Thursday, …
Read More »Buikwe councilors protest payment of UGX 106M debt to contractor
Buikwe, Uganda | THE INDEPENDENT | Buikwe district councilors have protested a move by the executive committee to clear a debt of 106 million Shillings to the contractor who constructed the administration block. The councilors led by Tom Kiwanuka, a councilor of Nyenga division say that they cannot inherit debts left …
Read More »Dollar decline to make Americans poorer: economist
New York, U.S. | Xinhua | The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer, an economist told Xinhua. Other countries have to de-dollarize because of American foreign policy, forcing them to create an alternative, said Michael Hudson, professor …
Read More »Budget: Uganda’s debt payments near 3/4 of total revenue
Kampala, Uganda | THE INDEPENDENT | The budget committee of Parliament has raised a red flag at the rising cost of debt payments amidst shrinking revenues as for every 100 shillings collected in revenue, Uganda will be spending 71. 7 shillings in paying local and foreign debts in the coming financial …
Read More »URA: Compliance, debt collection and fighting fraud yields sh383 bn
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s continued focus on compliance management, debt collection, customs enforcement and investigation of fraudulent schemes ensured the tax body saved sh383 billion in collections in 2018/19. Compliance initiatives yielded sh151.18 billion, debt recoveries brought in sh92.45 billion, customs enforcement had sh78.48 billion saved while investigations were …
Read More »Lawyer Ayena jailed for failing to pay Ugx 146m debt
Lira, Uganda | THE INDEPENDENT | Crispus Ayena Odongo, former Oyam North County Member of Parliament in Oyam district has been jailed over failure to pay a total of shillings 146 million debts. Ayena, the lead defense lead counsel to Dominic Ongwen, former Lords Resistant Army rebel commander currently undergoing trial …
Read More »Uganda going deeper into debts
Why government must listen and act on economic expert views Kampala, Uganda | JULIUS BUSINGE | How much public debt can the Ugandan government afford? Nobody seems to be having the right answer even as the government continues to borrow, sinking the country deeper into more debt. While reading the national …
Read More »Cancel your debts, magically!
Kampala, Uganda | THE INDEPENDENT | Ever wish there was a way to instantly erase all of your financial debt without actually paying back one cent? Who hasn’t, right? Well, an Indonesian guru (religious cult leader) claims he can do just that for the followers of his mysterious debt forgiving …
Read More »Debts killing Museveni’s govt
By Haggai Matsiko Auditor General warns on billions spent in courts, President’s Office, State House The Anti-Corruption Court in Kampala was on April 13, the scene of ecstatic congratulatory hugs, dancing, and Jubilation. The court had just dismissed a major case involving the alleged swindling of Shs169 billion from the …
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