PARLIAMENT – The Minister for Works and Transport, Gen. Edward Katumba Wamala, has revealed that construction of a new bridge at the River Katonga along the Kampala-Masaka Highway will commence in October this year.He made the revelation while responding to a matter of national importance raised by Kashari North County Member of Parliament, Hon. Basil […]
By Our reporterKAMPALA – The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Shs20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, according to the Fund’s 10-year Strategic Plan.In 2015, the Fund launched the 2015-2025 Strategic Plan, with a key strategic objective to grow the Fund’s […]
By Our reporterKAMPALA – The National Resistance Movement (NRM) Secretary General Mr Richard Todwong has called for expanding regional markets to accommodate the increasing local production.“There has been increased production of goods among the people in the villages due to Emyooga and the Parish Development Model initiatives but limited markets and low prices remain the […]
Our reporterENTEBBE – President Yoweri Kaguta Museveni has sworn in Mr. Edward Akol as the new Auditor General in a ceremony that took place at State House Entebbe on Tuesday, July 22nd, 2024. The Head of Public Service and Secretary to Cabinet, Ms. Lucy Nakyobe Mbonye, administered the oath.Speaking shortly after the swearing-in ceremony, President Museveni congratulated Mr. Akol, before […]
Uganda Revenue Authority (URA) has destroyed 180 tons of smuggled goodsThe items that were destroyed at Luwero Industries include cosmetics, used underwear garments, beer, wines, and spirits, computers, and drugs, among others.“These items were confiscated and collected over some time, more than just one year of enforcement operations. If we were to value them, they […]
By Stephen Wandera OumaKAMPALA – The Ministry of Finance Planning and Economic Planning has plans to set up the Uganda Microfinance Development Bank (UMDB), “I have instructed the technical staff to initiate the process of starting UMDB to address the need for capital for small businesses. Uganda Development Bank Limited (UDB) only caters for big investments,” he said.Mr […]
By Our reporterENTEBBE – President Yoweri Kaguta Museveni has welcomed a delegation of investors from Lyca Mobile Telephone Company during their courtesy visit to State House Entebbe.Led by the Chairman of the company, Mr. Subaskaran Allirajah, the delegation included the Minister of Information and Communications Technology (ICT) and National Guidance, Dr. Chris Baryomunsi, and the […]
PARLIAMENT – Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises have tasked the finance ministry to present documentation on the criteria used in granting bailouts to companies in financial crises.According to the committee chairperson, Hon. Medard Sseggona, companies belonging to foreign investors have mostly benefitted from bailouts compared to companies belonging to […]
