Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …
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Kampala, Uganda | THE INDEPENDENT | Fuel prices in Kampala and beyond have continued to skyrocket, but more sharply over the last two months. A litre of fuel currently stands between 5,550 and 5,700 shillings, while the price of diesel at some stations is the same as petrol. Over the months, …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is projected to grow at six per cent in the next financial year 2022/2023, according to the Minister of State for Finance in charge of General Duties, Henry Musasizi. Musasizi who was on Wednesday, 25 May 2022 appearing before the Committee on National …
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Kampala, Uganda | THE INDEPENDENT | Uganda acted prudently by going slow on the Standard Gauge Railway (SGR) project which meant delays in borrowing at least USD 2.3 billion or more than Shillings 8trillion, according to experts. This is the estimated cost for only the Malaba-Kampala stretch, but the whole project connecting …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Finance, Planning and Economic Development has thrown out a proposal by the finance ministry that grants government Ministries, Departments and Agencies (MDAs) the discretion of setting user fees for services that are considered non-tax revenues. Non-Tax Revenue (NRT) is charged against services …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …
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Kampala, Uganda | THE INDEPENDENT | With ravages of COVID-19 which swept the economy down to a growth rate of three per cent, government is hoping to get to pre-pandemic levels of six per cent per annum in Financial Year 2022/23. President Yoweri Museveni, through finance minister Matia Kasaija, last week tabled …
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Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Anita Among has said that the Minister of Finance will not fund the travel budget of Parliament in the next financial year. Among told MPs on Wednesday and accused the Ministry of Finance of trying to stifle the operations of …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance in charge of General Duties, Henry Musasizi, has tabled the Supplementary Appropriation (No. 4) Bill, 2021 for first reading amidst concerns from the Opposition about the utilisation of the previous requests. The bill seeks to provide for supplementary appropriation …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …
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The Independent Uganda: You get the Truth we Pay the Price