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 | Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022/2023. Led by John Musinguzi, the Commissioner General, officials from URA on Monday appeared before …
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Kampala, Uganda | THE INDEPENDENT | The high costs of essential household commodities are worrying and Members of Parliament want government to take action and stall rising prices. Kampala Central Member of Parliament, Mohammed Nsereko said the concerns of high fuel prices have now shifted to the increased prices of soap, …
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Kampala, Uganda | THE INDEPENDENT | The acting Leader of Opposition, Muwanga Kivumbi has revealed plans to publish names of Members of Parliament who have so far signed on a motion seeking to censure the Minister of Security, Maj. Gen. Jim Muhwezi for allegedly abdicating responsibility in the face of torture …
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Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, 2021. During the Tuesday plenary sitting chaired by Deputy Speaker Anita Among, legislators amended the …
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Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Income Tax (Amendment) (No. 2) Bill, 2021 which provides for windfall tax and limitations of deductions on petroleum operations. The bill, presented by Minister of State for Finance (General Duties), Henry Musasizi, was passed during plenary sitting on Tuesday, 14 December …
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Butambala, Uganda | THE INDEPENDENT | Butambala Member of Parliament Muwanga Kivumbi has expressed appreciation to Government for introducing the Emyooga initiative which he says is a great step towards achieving the much desired economic transformation in Uganda. He said this, during a monitoring visit to Butambala Constituency as …
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Kampala, Uganda | THE INDEPENDENT | Parliament has passed a supplementary budget of 3.81 trillion Shillings, mostly for stimulating the economy hit by COVID-19 and security-related interventions. Of this, at least 1.3 trillion Shillings was already spent within the 3 per cent legal limit which the government can spend and seek …
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Kampala, Uganda | THE INDEPENDENT | A section of legislators have called on government to prepare comprehensive constitutional amendments to avoid the current trend where Members of Parliament are moving private members’ bills. These concerns were raised as MPs debated a motion to grant Igara East representative, Michael Mawanda, leave of the …
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Kampala, Uganda | THE INDEPENDENT | The Shadow Finance Minister, Muwanga Kivumbi has listed five challenges that could derail the Parish Development Model, offering four possible interventions. The Parish Development Model is a government run microfinance initiative that seeks to create a Shs400 billion revolving fund to help local farmers and entrepreneurs …
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The Independent Uganda: You get the Truth we Pay the Price