What experts say about Shs45.4tn, debt, taxes Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | The 2020/21 national budget read on June 11 has been criticised by experts as weak on all fronts; from its stimulus and bailout programmes to the manner in which its figures were arrived at …
Read More »IN THE INDEPENDENT: Experts dig in on Uganda’s 45T budget
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Tough budget: What finance experts say about Shs45.4tn, debt, taxes THE LAST WORD The trouble with URA: Why Museveni’s focus on corruption as the biggest problem of tax administration misses the big picture …
Read More »LIVE: Uganda budget speech 2020-2021
#UGBUDGET20 Sh45.5 trillion Cuts on travel, conferences Security Sh4.5 trillion Works Sh5.8 trillion Govt to borrow Sh11trillion 2020 – Sh45 trillion 2019 – Sh40 trillion 2018 – Sh32 trillion 2017 – Sh22 trillion 2016 – Sh20 trillion Kampala, Uganda …
Read More »Inside Kampala’s public transport politics
Phasing out 14-seater taxis, boda bodas in the city is welcome but needs time to implement Kampala, Uganda | ISAAC KHISA | Those who drive or commute in Kampala City can attest that a lot has changed over the past decades. Public transport service has become busy and messy. Passengers …
Read More »Uganda’s 2020/21 budget shoots to Shs 45.4trillion
Analysts say the proposed budget should focus on key sectors that support revamping the economy Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Over the past six weeks, Uganda has been in a total lockdown. Shops, except pharmacies and agro vets, had been shut. Transport paralysed. Hotels switched …
Read More »2021 election budget
Panic over jump from Shs400bn to Shs870bn Kampala, Uganda | RONALD MUSOKE | How serious is the government claim that it does not have money to fund the 2021 general elections? That is the question raised by the latest appearances before parliament on the issue of Minister of Finance Matia …
Read More »Companies, businesses expect a better 2020
But 2021 general election might affect pace of growth Kampala, Uganda | ISAAC KHISA AND PATRICIA AKANKWATSA | Companies, businesses and ordinary folks are cautiously optimistic that 2020 will be a better year though projections point to a rough business terrain owed to the much anticipated competitive 2021 election campaigns. …
Read More »Finance Ministry sets new targets to manage Uganda’s debt
Kampala, Uganda | THE INDEPENDENT | Government through the Finance and Economics Development Ministry is among others looking at reducing reliance on debt by increasing domestic revenue and improving the execution rate of projects as some of the ways to sustain the country’s debt. As at end of June 2019, …
Read More »Electricity generation company in record Shs24bn profit
Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL) announced on Dec.17 that it had made a net profit of Shs24.7bn for the financial year 2018/19, up from a loss of Shs10.8bn a year before. Officials said the profit, the first since the company’s inception in 2001, …
Read More »Fighting over UTL administration
Will Bemanya’s removal save or ruin the company? Kampala, Uganda | JULIUS BUSINGE | Bickering among government officials on who should take over the management of Uganda telecom as provisional administrator could scare away prospective investors, experts say. UTL needs around Shs255bn to clear some of its Shs536bn debt …
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