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Tag Archives: Patrick Ocailap

Boosting private sector development in Uganda

Players task government to walk the talk at 13th national competitiveness forum Kampala, Uganda | JULIUS BUSINGE | Private sector players have asked government to walk the talk while promising to boost private sector activities that drive overall growth of the economy. The call was made by multiple speakers at the …

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Muhakanizi distances self from Shs10.6 billion compensation funds

Kampala, Uganda | THE INDEPENDENT | The former Secretary to the Treasury (PSST), Keith Muhakanizi has distanced himself from the processes that saw the disbursement of supplementary funds by the Finance Ministry for land compensations. Muhakanizi said that he was on sick leave during the process of the payments adding that his …

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Gov’t cuts spending by UGX 2 Trillion as revenues fall

Kampala, Uganda | THE INDEPENDENT | The government has released funds for the first quarter of the financial year 2021/22, with focus on the health sector and the fight against Covid-19. The release amounting to 5.673 Trillion Shillings represents 25% of the approved government budget minus external financing, appropriation in aid …

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Finance ministry approves UGX 4.92 Bn for MUBS staff

Kampala, Uganda |  THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has agreed to resolve the long-standing wage bill woes and salary discrepancies among academic staff at Makerere University Business School- MUBS.  According to a letter written by Patrick Ocailap, the Acting Permanent Secretary Ministry of Finance, the …

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Germany gives Uganda UGX 254b for energy, agriculture and governance

Kampala, Uganda |  THE INDEPENDENT |  The Germany government has committed to spending over two hundred and fifty-three billion shillings (EUR 58.4 million) to finance access to renewable energy, agriculture and rural development in Uganda. The money will also help in the area of good governance and human rights.  The German Embassy …

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Finance ministry explains UGX 369.8Bn mischarge of expenditure

Kampala, Uganda  | THE INDEPENDENT |  The Secretary to Treasury Keith Muhakanzi says that mischarge of expenditure is partly caused by insufficient funding for expenditure on different activities. This is carried in his written response to Parliament’s Public Accounts Committee (PAC)- Central Government in regard to the audit report on the …

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URA collects Ugx 13.5 Trillion in 10 months

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected taxes to the tune of 13.5 trillion Shilling from July, 2018 to April 2019, according to the ministry of Finance April performance of the economy report. This translates into a 365.5billion surplus from the target that the tax body was expected …

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