Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …
Read More »
Kampala, Uganda | THE INDEPENDENT | The government withheld substantial amounts of funds which were supposed to be released in the first quarter of the financial year 2022/2023, as a way of controlling the count of money in circulation, according to the Ministry of Finance, Planning and Economic Development. This fiscal …
Read More »
Kampala, Uganda | THE INDEPENDENT | Experts have asked the government to compile a ‘Domestic Arrears Register’ to improve accountability in debt management. This according to experts would also help the public and suppliers to track the unpaid government financial obligations. In February, the Ministry of Finance, Planning, and Economic Development reported …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development will extend the penalties given to accounting officers to cover all forms of underperformance. Earlier this month, the Permanent Secretary Ramathan Ggoobi dismissed more than 100 accounting officers, mostly local government officials, after they failed to beat the …
Read More »
Kampala, Uganda | THE INDEPENDENT | A section of local government accounting officers from Acholi sub-region have attributed delays in submitting their budget estimates for FY2022/23 to system errors on the Ministry of Finance Programme Budgeting System [PBS] software. This comes days after the Permanent Secretary in the Ministry of Finance, …
Read More »
Kampala, Uganda | THE INDEPENDENT | To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers. These …
Read More »
Kampala, Uganda | THE INDEPENDENT | As public relations practitioners, you need to understand or remind yourselves about the editorial policies of media houses to be able to drive messages to your respective audiences. PR strategies can also achieve goals when practitioners understand editorial policies. PR practitioners should get facts from their …
Read More »
Kampala, Uganda | THE INDEPENDENT | Two lawyers have petitioned the High Court Civil Division to quash an agreement between the government and Uganda Vinci Coffee Company Limited on grounds that it is illegal and irrational. Henry Byansi and Michael Aboneka are challenging the agreement signed by Ramathan Ggoobi, the Secretary …
Read More »
Kampala, Uganda | THE INDEPENDENT | Ugandans will have to wait for another two years for the commissioning of the long-awaited Lubowa specialized hospital because of delayed civil works. Ramathan Ggoobi, the Finance Ministry Permanent Secretary and Secretary to the Treasury disclosed this while announcing the release of funds to government agencies …
Read More »
Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 …
Read More »
The Independent Uganda: You get the Truth we Pay the Price