Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has said that Ugandan scientists have requested for more than 248 Billion shillings for producing the Covid-19 vaccine. Kasaija was appearing before Parliament’s Covid-19 taskforce together with Henry Musasizi, the State Minister for Finance General Duties and Kenneth Mugambe, …
Read More »Gov’t introduces 100 shillings tax on fuel
Kampala, Uganda | THE INDEPENDENT | Government has abandoned the proposal to impose a 200,000 shillings license on vehicles and instead introduced a 100 shillings tax per litre of fuel to raise revenue. This was revealed by Finance Minister in charge of planning David Bahati who was appearing before the finance committee …
Read More »Finance committee rejects UGX 200,000 annual car license
Kampala, Uganda | THE INDEPENDENT | Parliament’s finance committee has rejected the 200,000 Shillings license on cars and 50,000 Shillings for motorbikes. The Ministry of Finance has proposed the fees as part of the revenue measures to fund the 2021/2022 budget. On Tuesday, the State Minister of Finance David Bahati …
Read More »Ugandans to pay UGX 200,000 annually for car license
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has proposed a license fee of 200,000 Shillings on all car owners as part of the revenue measures to fund the 2021/2022 budget. State Minister of Finance David Bahati says that the move is intended to streamline the transport sector …
Read More »MPs question UDB officials over UGX 455Bn Covid-19 stimulus funds
Kampala, Uganda | THE INDEPENDENT | Parliament’s Finance Committee has tasked officials from Uganda Development Bank (UDB) to account for the 455 Billion Shillings which was appropriated to mitigate Covid-19 effects on businesses. This was during a meeting between UDB officials led by the Deputy Executive Director, Denis Ochieng and MPs. …
Read More »No need for recapitalization of BoU – Deputy Governor
Kampala, Uganda | THE INDEPENDENT | The Central Bank does not need recapitalization in the 2021/2022 financial year according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on Wednesday. He was appearing on the request of the committee to clarify on the Shillings …
Read More »Parliament queries continuous BoU recapitalization
Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the chairperson of Finance Committee of Parliament is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget committee, officials from the Ministry of Finance …
Read More »Rubanda NRM leaders clash over campaign cash
Rubanda, Uganda | THE INDEPENDENT | The National Resistance Movement (NRM) party leaders in Rubanda district on Tuesday evening clashed over facilitation cash towards boosting the party’s support and strength. The NRM party released 60 billion Shillings on December 21, to enable flag bearers canvas support for him ahead of the …
Read More »NRM leaders reject pressure to support MP Musasizi
Kampala, Uganda | THE INDEPENDENT | National Resistance Movement-NRM officials in Rubanda district have clashed over attempts to compel them to support to Henry Ariganyira Musasizi, Rubanda County East parliamentary candidate. The officials clashed at a meeting convened at Bubaare sub-county primary school playground in Rubanda district on Friday by Musasizi …
Read More »Parliament disagrees with Museveni on taxing loss making companies
Kampala, Uganda | THE INDEPENDENT | Parliament has rejected President Yoweri Museveni’s proposal to tax businesses declaring losses in the current financial year 2020/2021. This is now the fourth consecutive time that the government’s proposal is suffering defeat. The decision was taken during a debate on Tuesday, in which MPs reconsidered …
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