Tag Archives: Finance Committee

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament and Roko Construction Limited have disagreed on the alternative financing possibilities for the company. The committee is considering a proposal from the government to purchase 150,000 shares worth Shillings 202.13 billion in Roko Construction Limited payable over five years. The …

Kampala, Uganda | THE INDEPENDENT | The Finance Committee has pinned the Office of the Auditor General (OAG) over unaudited accounts of classified expenditures, amounting Shs6.8 trillion. Lawmakers who were receiving the 2022/2023 budget of the OAG from the Auditor General, John Muwanga on Monday, also accused the audit body of …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Finance committee will start a probe into Vision Group’s recent decision to close three of its regional newspapers and examine the lay-offs which affected hundreds of their staff. The media conglomerate runs more than 10 media units comprising Newspapers, magazines and broadcast channels …

Kampala, Uganda | THE INDEPENDENT | Members of the Finance Committee of Parliament have endorsed the National Local Content Bill, 2019 which among others, stop companies using public resources from employing foreign nationals. The Bill that was last year tabled before parliament by Kasanda North MP Patrick Nsamba Oshabe imposes local …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Finance Committee has endorsed a government proposal to exempt excise duty on raw materials used in the manufacture of sanitary pads. According to the committee, the exemption is meant to reduce the cost of sanitary pads and offer relief to girls especially those in …

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has approved a request to recapitalize Bank of Uganda with Shillings 481 billion in the 2020/2021 financial year. This is part of the recommendations in the Committee report on the National Budget Framework Paper on votes in the finance …

Kampala, Uganda | THE INDEPENDENT  | Members of Parliament on the Finance Committee have criticized Uganda Revenue Authority (URA) for slowing down on the installation of scanners at all border entry points. This was during a meeting on Tuesday with officials from URA led by the Commissioner General Doris Akol over …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned the competence of the government’s internal Auditor-General, Dr Fixon Akonya Okonye. This was on Friday during the committee meeting with Okonye and other officials from the Ministry of Finance over the current stock of domestic …

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

Kampala, Uganda | THE INDEPENDENT  | A joint committee that is scrutinizing the National Social Security Fund Amendment Bill is stuck following a disagreement between Henry Musasizi, the chairperson of the Finance Committee and his Gender counterpart Alex Ndeezi. The Bill seeks to, among others, expand social security coverage and …