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Tag Archives: assets

Masaka district, city leadership feud over properties

Masaka, Uganda | THE INDEPENDENT | There is a sharp dispute between Masaka district and the City Council authorities over sharing of immovable properties. The current dispute arises from attempts by Masaka City Council to relocate their administrative offices to the district headquarters at Kitabiro cell in Nyendo-Mukungwe division. The misunderstanding …

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China urges U.S. to return assets to Afghanistan

Beijing, China | Xinhua | China’s Foreign Ministry on Friday urged the United States to unconditionally return assets belonging to the Afghan people and take concrete actions to repair the damage caused to them. Global Times, an English-language Chinese newspaper, launched an online petition on Thursday, calling on the U.S. government …

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IGG lacks funds to verify wealth declarations: Deputy IGG

Kampala, Uganda | THE INDEPENDENT | The Office of the Inspector General of Government-IGG has said it lacks enough funds to verify all declarations of income, assets and liabilities made by persons in leadership positions and public offices. The amended Leadership Code Act, 2021 makes it compulsory for all public officers …

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Masaka city leaders demand inquiries in management of assets

Masaka, Uganda | THE INDEPENDENT | The roads committee of Masaka city has called for a special inquiry into the management and allocation of public properties in the area. The inquiry was mooted during a city roads committee meeting that was convened to review expenditure reports and consider priority projects to …

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Batooro to be sensitized on return of kingdom assets

Fort Portal, Uganda | THE INDEPENDENT | Tooro kingdom administration is organizing a series of sensitization meetings for the community about the kingdom properties that are in the process of being returned by the central government. King Oyo on Monday led a delegation that met government officials led by Prime …

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Masaka Cooperative Union struggles to repossess assets

Masaka, Uganda | THE INDEPENDENT | The management of Masaka Cooperative Union is struggling to repossess its assets. The union which was established in 1951 by coffee farmers in the greater Masaka sub-region collapsed due to political insurgency in the 1980’s. Although the government offered to compensate the Union for …

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BP chief executive Dudley stepping down

London, United Kingdom | AFP |  BP said Friday that Chief Executive Bob Dudley, who oversaw the energy giant’s response to and recovery from the devastating Gulf of Mexico 2010 oil spill disaster, will leave next year. American Dudley, 64, will step down on February 4, 2020 and retire at the …

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Pension assets nearly double in three years

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

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UTL ordered not to fire staff or sale assets

The parliamentary probe into the alleged mismanagement of Uganda Telecom Limited (UTL) has today grilled the company’s top managers. The probe heard of the mounting debts UTL is facing and the absence of audits. UTL owes Uganda Communications Commision (UCC) sh27 billion, and MTN Uganda sh3.5billion. The probe committee asked …

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