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 …
Read More »Village chairman stabs defense secretary after political spat
Rubanda, Uganda | THE INDEPENDENT | A village chairman in Rubanda District is on the run after stabbing the defence secretary. Deus Bonane, the Hamurara village Local Council One Chairman in Bubaare sub-county, Rubanda district reportedly stabbed the defence secretary Moses Tumusiime during a fight on Sunday night. Tumusiime, who …
Read More »Rubanda district chairman accused of defacing opponents posters
Rubanda, Uganda | THE INDEPENDENT | A row has erupted between Rubanda East member of Parliament Henry Musasizi and the district chairman, Kenneth Jogo Biryabarema over campaign posters. Musasizi accuses Biryabarema of allegedly defacing his campaign posters. Biryabarema has already indicated that he would contest against Musasizi in the race to …
Read More »Parliament passes bill to regulate mobile money transactions
Kampala, Uganda | THE INDEPENDENT | Parliament has passed a Bill providing for supervision and oversight of mobile money transactions. This approval followed the adoption of Parliament’s Finance Committee report in a plenary sitting chaired by Speaker Rebecca Kadaga. The approved legislation, the National Payment Systems Bill, 2019 is envisaged to provide a …
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