Tag Archives: Syda Bbumba

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance David Bahati has convinced the National Economy committee of Parliament to allow government to borrow domestically saying the economy will be minimally hurt. Bahati was appearing before the committee led by Syda Bbumba to respond to queries raised by Members …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament are proposing to cut funding for the construction of a road in the Democratic Republic of Congo (DRC) by up to 50 percent as a means to reduce the amount of money borrowed domestically. The Ugandan government announced earlier that it would …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the National Economy Committee have threatened to block loan approvals for infrastructure projects until the government releases counterpart funding for several projects that have stalled. The MPs sounded the warning while meeting the Minister for Water and Environment Sam Cheptoris …

Kampala, Uganda |  THE INDEPENDENT |  Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …

Kampala, Uganda | THE INDEPENDENT | Members of the National Economy committee of Parliament have called for the cancellation of the 2020 academic year. The call comes close to four months after the closure of schools and other educational institutions as one of the measures to control the spread of …

Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority-CMA has called on business owners whose operations have been affected by the COVID-19 pandemic to consider investing in safe assets like government securities and cash investments. The Capital Markets Authority led by its CEO, Keith Kalyegira said this today while …

Kampala, Uganda |  THE INDEPENDENT |  Herbalists all over the country have submitted up to 300 herbal remedies for COVID-19 to the Natural Chemotherapeutics Research Institute. According to Dr Grace Nambatya of the NRCI, they have been overwhelmed by the submissions following a call they put out to find herbal remedies …

Kampala, Uganda |  THE INDEPENDENT |  The Uganda Railway Corporation (URC) is seeking 93.5 Billion shillings to mitigate the effects of COVID-19 on the sub sector and also repair and maintain its assets. URC led by their Managing Director Charles Kateeba were on Tuesday appearing before Parliament’s National Economy Committee that …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament want the government to declare 2020 a dead year for education because of the increasing cases of coronavirus disease (COVID-19) in the country. While meeting the members of the Uganda Vice Chancellors Forum today, members of the National Economy committee of …

Kampala, Uganda | THE INDEPENDENT | The National Association of Broadcasters-NAB has asked government to waive license and signal carriage fees as a stimulus for the struggling media industry. The NABS executive committee was appearing before the Parliamentary Committee on National Economy chaired by Syda Bbumba together with Uganda Communications …