Kampala, Uganda | THE INDEPENDENT | The Finance, Planning and Economics Development Minister, Matia Kasaija has asked China Communications Construction Company, which is constructing Mubende-Kakumiro-Kibaale-Kagadi road to improve its working relationship with the local communities. Government contracted the Chinese firm to undertake the construction of the 104-kilometre road at Shillings …
Read More »Oil revenue investment advisory committee inaugurated
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance and Economic Development Matia Kasaija has inaugurated the petroleum revenue investment committee. The committee will be tasked to decide where the money from the country’s oil sector would be invested. The seven-member committee will be headed by 55-year-old Prof Samuel …
Read More »Ministry of Finance accused of hijacking road fund mandate
Kampala, Uganda | THE INDEPENDENT | The Uganda Road Fund (URF) has accused the Ministry of Finance of hijacking its mandate by directly appropriating funds for road maintenance. The Uganda Road Fund Act, 2008 gives URF the mandate to finance road maintenance of public roads and related activities. It allocates …
Read More »New planes: Oulanyah questions competence of gov’t officials
Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah has today questioned the competence of several government officials following the manner in which they handled the registration process of Uganda National Airlines Company. This was during the debate by Members of Parliament on a supplementary budget …
Read More »MPs recommend transfer of Uganda Airlines to UDC
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …
Read More »MPs quiz Kasaija, URSB officials on ownership of Uganda airlines
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has directed Uganda Registration Services Bureau (URSB) to redraft documents relating to the company and its shareholders. The directive by the Committee Chaired by Ntenjeru North MP Amos Lugoloobi followed a meeting between legislators, Minister of Finance Matia Kasaija, Works and …
Read More »EU hails Uganda’s decision to join extractive industries transparency initiative
Kampala, Uganda | THE INDEPENDENT | The Head of European Union Mission in Uganda, Attilio Pacifici has commended Uganda’s decision to join the Extractive Industries Transparency Initiative (EITI). Ambassador Pacifici says the move is a critical step in promoting transparency in the sector as Uganda paces towards oil production stage. …
Read More »NOTU, Finance Ministry bicker over NSSF representation
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) is embroiled in a conflict over its representation to the National Social Security Fund (NSSF) board. The 11th NSSF board was inaugurated by Finance Minister Matia Kasaija yesterday but without workers representatives from NOTU. The inaugurated board is …
Read More »Doris Akol: Four year scorecard
Experts want more from her new term as URA boss Kampala, Uganda | JULIUS BUSINGE | Doris Akol, the Commissioner General for Uganda Revenue Authority (URA) must be a happy woman at the moment. While on a six months maternity leave that ends in February next year, she recently got the …
Read More »Telecom listing
Good idea but needs to be cautiously handled Kampala, Uganda | JULIUS BUSINGE | Uganda’s plan to have telecom companies list on the stock market is a goodstep towards inclusive growth but should be handled cautiously to avoid discouraging investments. Financial and economic experts who spoke to The Independent said …
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