Tag Archives: Syda Bbumba

Kampala, Uganda | THE INDEPENDENT | The Minister of Health Dr Jane Ruth Aceng has told parliament that the Ministry has a deficit of 700.9 billion shillings for Covid-19 response plan activities. According to Aceng, out of the 1.02 trillion shillings that the Ministry had budgeted for, 322.3 billion shillings …

Kampala, Uganda | THE INDEPENDENT  | The government is rejecting loans from the World Bank in favour of those from China. This is according to the National Economy Committee of Parliament. According to Syda Bbumba, the committee chairperson, while meeting officials from the World Bank recently they said that they …

Kampala, Uganda | THE INDEPENDENT |  The Parliamentary Committee on National Economy has approved a loan request of 1.7 Trillion shillings (USD 456.37m) for the upgrade and construction of national oil roads. The loan request was presented in May this year by the Minister of State for Finance in Charge …

Kampala, Uganda | THE INDEPENDENT | The chairperson of the National Economy committee of Parliament Syda Bbumba has called for an audit of the Lubowa-Based International Specialized Hospital of Uganda. Bbumba made the call while meeting State Minister for Finance David Bahati on the state of the USD 379 million-facility being …

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament has asked the government to scale down debt contracting to only projects that have high economic and financial returns, and target cheaper concessional loans to finance investments. According to the committee, as the country’s external debt position faces …

Kampala, Uganda | PWATCHUG| For­mer En­ergy Min­is­ter, Syda Bbumba has feigned ig­no­rance of the con­tent in an oil pro­duc­tion shar­ing agree­ment that led to a $157 mil­lion tax waiver to Tul­low Oil Com­pany. Bbumba is in the eye of the storm af­ter Pres­i­dent Yow­eri Mu­sev­eni, while meet­ing leg­is­la­tors on the …

By Patrick Kagenda Traders say Finance ministry should not stick to blue skies strategies in the global financial storm On February 16, the Ministry of Finance had five ministers: top minister Ezra Suruma and his four ministers of state: Salim saleh (micro- finance); Semakula Kiwanuka (Investment); Kagimu Kiwanuka (Economic Monitoring), …