Finance Minister Matia Kasaija will soon convene a stakeholders meeting to deliberate on the latest disagreements over liberalizing the pension sector. The disagreements follow the re-tabling of the Uganda Retirement benefits sector liberalization bill 2011 before parliament seeking to end the monopoly of NSSF and allow private players join …
Read More »Fight looms over takeover of UTL
Libyans vow to take on Uganda after `quitting’ It is not clear what the Uganda government’s plan is since it announced that the Libyan owners of Uganda Telecom Ltd (UTL) have quit, but the move might get dirty if the Libyans instead implement a fight for the company. The government …
Read More »Muhakanizi, Isabalija ‘fight’ sparks Shs 30bn UEGCL audit
Finance PS controls government purse, but new Energy PS has Museveni’s ear A stealth fight is brewing between new Energy Ministry Permanent Secretary, Stephen Isabalija, and veteran Secretary to the treasury, Keith Muhakanizi, with insiders saying it threatens to hurt implementation of government projects worth billions of shillings, if not …
Read More »Bad news: IMF is back
Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each othe. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved …
Read More »Uganda gets $150m loan to construct 4-Lane Expressway
The Minister of Finance Matia Kasaija (Pictured) has signed a $150million loan from the African Development Bank towards the construction of the Busega-Mpigi 4-Lane expressway. The project will involve construction of 4 major interchanges to facilitate interconnection with roads at designated locations including Nabbingo, Nsangi, Maya and Lungala, construction of …
Read More »Opposition against Museveni growing?
Attacks on security installations, poverty, transition politics mark 2016 2016 might easily go down as one of the most challenging years in recent times for President Yoweri Museveni. The year recorded the highest number of attacks on security installations in the west, north, and central and saw growing sympathy for …
Read More »Uganda secures US $95.3million for Muzizi Hydropower Project
The planned construction of Muzizi Hydro power Project is soon taking off following an agreement signed between the government of Uganda and funding partners; German development bank (KfW) and French Development Agency (AFD). KfW will provide a concessional loan of € 40 million (US$42.4million) and a grant of € 5 …
Read More »Business opportunities through government tenders
African companies to bid for contracts around the world Public procurement is fast becoming big business in Africa. It accounts for almost a third of the gross domestic product (GDP) in poor countries and up to 15% in developed countries, writes David Hamam In some countries, the share of public …
Read More »ANALYSIS: ‘You destroyed economy’
Experts tell Museveni, Mutebile, Muhakanizi President Yoweri Museveni’s unchecked spending and the Ministry of Finance and Bank of Uganda efforts to clean have created a lope-sided economy that is hurting everyone. That is the view of several economists interviewed by The Independent. Dr. Lawrence Bategeka, formerly a researcher at the …
Read More »Why Kasaija, Anite differ on UEGCL top job?
Matia Kasaija, the minister for Finance and Evelyn Anite, the minister of State for Privatisation and Investment are locked in disagreement over the appointment of the Chairperson of Uganda Electricity Generation Board (UEGCL). Kasaija appointed Frank Katusiime to the post on Nov 9 but Anite preferred Eng. Proscovia Njuki and …
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