Kampala, Uganda | THE INDEPENDENT | Government is stuck with newly created administrative units across the country. “Government is currently stuck with about 300 newly created sub-counties and 200 Town Councils over lack of money to fund their operations,” Finance Minister Matia Kasaija revealed recently. He made the remarks during …
Read More »Afreximbank president visits Uganda Finance Minister Kasaija
Kampala, Uganda | THE INDEPENDENT | The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, on Thursday in Kampala met with Matia Kasaija, Minister of Finance Planning and Economic Development of Uganda, for a courtesy call and to brief the minister about the Bank’s support to Uganda’s economic …
Read More »Uganda Airlines ready to take to the sky
Promotional RETURN fares to run for 2 months from August 28: ✳Nairobi Return $278 ✳Juba $225 ✳Mogadishu $590 ✳Dar $ 286 ✳Bujumbura $292 ✳Mombasa $325 ✳Kilimanjaro $311 💠All inclusive of taxes Kampala, Uganda | THE INDEPENDENT | The Uganda Airlines board today received their Air Operator’s Certificate (AOC) secured last …
Read More »Fury over Murchison Falls
Govt proposal to build a sixth power dam on the Nile kicks up storm Kampala, Uganda | RONALD MUSOKE | Murchison Falls, one of River Nile’s remaining spectacular waterfalls tops the “bucket list” of iconic sceneries in Uganda that hundreds of thousands of tourists covet when they visit the country. …
Read More »Fight over UTL
The powerful people behind Bemanya Kampala, Uganda | HAGGAI MATSIKO | Uganda Telecom Ltd (UTL) looks like a typical company in shambles. In April 2017 it run to court to block a petition seeking to wound it up partly owing to Shs709 billion debts it had accumulated over the years. …
Read More »CEOs take on the new budget
They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …
Read More »Budget of big ‘ifs’
Why Shs40.5trilion may not deliver government promise of inclusive growth and shared prosperity Kampala, Uganda | JOSEPH WERE | Uganda on June 13 announced its biggest budget ever which, at Shs40.5 trillion (Approx. US$10.7 billion), has been described as ambitious and upbeat. But its promise it not matched by its …
Read More »Rethinking tax incentives
Researches, experts say there is limited evidence to show these offers attract investors Kampala, Uganda | PATRICIA AKANKWATSA | Tax incentives are part of Uganda government’s top priorities for attracting foreign investors and new businesses. From prospective investments in agribusiness to hospitality, and from steel to textile industries, tax incentives …
Read More »How you will benefit from the 2019/2020 budget
It is pro-growth, pro-poor; what is important is pushing for its effective implementation Kampala, Uganda | JULIUS BUSINGE | On June 13, Minister for Finance, Planning and Economic Development, Matia Kasaija, delivered the Shs40trillion National Budget for the Financial Year 2019/2020 under the theme “Industrialization for job creation and shared …
Read More »Kasaija’s budget transparency initiative
It aims at putting citizens at the centre of its formulation, implementation Kampala, Uganda | JULIUS BUSINGE | “The budget is no longer interesting to us. We no longer listen to it because it does not give information that we want as farmers. Many years ago, the minister would read …
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