African countries have a long way to go as they continue being recipients of blockchain technologies Kampala, Uganda | JULIUS BUSINGE | Blockchain technology has recently emerged as one of the biggest innovations in the world. Michael Niyitegeka, a Kampala based information technology expert explained to this reporter that …
Read More »Museveni’s money fights with MTN
Details on deportations, licence talks Kampala, Uganda | HAGGAI MATSIKO | Money, policy and misinformation are at the centre of the long-running tension between Uganda’s leading telecom operator, MTN, and the government. That much was confirmed at a meeting last week between President Yoweri Museveni and MTN Group CEO Rob …
Read More »BAHATI: I have no company trading in South Sudan
Kampala, Uganda | THE INDEPENDENT | State Minister for Finance in charge of Planning David Bahati has denied owning a company that benefited from compensation over loss of business in South Sudan. Bahati was on Wednesday appearing before Parliament’s Select Committee that is currently inquiring into a payment of sh40 billion …
Read More »BAHATI: No budget for elections in new districts
Kampala, Uganda | THE INDEPENDENT | The government does not have a budget to facilitate the election of leaders in the six newly created districts, according to State Minister for Planning David Bahati. The affected districts are Nabilatuk, Kapelebyong, Bugweri, Kwania, Kassanda and Kikuube, which all became operational in July …
Read More »Sabiiti: I did not apologize for not supporting age-limit
Rubanda, Uganda | THE INDEPENDENT | State Minister for Finance David Bahati and Rubanda West MP Denis Sabiiti have clashed over an alleged apology for voting against a constitutional amendment that lifted the cap on the presidential age limit. The drama started when Bahati named Sabiiti as one of the legislators …
Read More »Sports betting ban
Why putting money on Kasaija not Bahati is smart Kampala, Uganda | DAVID AJUNA | On Jan.20 David Bahati, the minister of state for Finance made an announcement that has shaken the betting industry in Uganda and attracted international attention. Bahati who was speaking at an event in Rugarama, in …
Read More »Uganda budget 2019-20 will jump to Sh34.3 trillion
Kampala, Uganda | THE INDEPENDENT | Sh 34.3 trillion is the resource envelope for financial year 2019/2020, up by Sh 2 trillion from the current financial year. Of the Sh 34.3 trillion, domestic revenue collections are expected to generate Sh 18.3 trillion, according to National Budget Framework Paper. The economy itself …
Read More »Govt halts issuance of betting licenses
Kampala, Uganda | THE INDEPENDENT | The government is suspending issuance of licenses to gambling and gaming companies. This was announced by State Minister for Finance David Bahati, at the closure of the 2019 Brethren Conference of the Diocese of Kigezi this afternoon. Bahati, who was representing President Yoweri Museveni …
Read More »Uganda’s growing public debt
PUBLIC DEBT: Why is it growing? Is it prohibitive, unsustainable? Kampala, Uganda | ANDREW M. MWENDA | On January 10, I watched with increasing depression a debate about Uganda’s national debt on the NBS Frontline show. Although the Minister of State for Finance, David Bahati, made many good arguments …
Read More »Land Bill set to return to parliament
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance in Charge of Planning David Bahati has asked Members of Parliament to support the constitutional amendment bill no 2 that seeks to forcefully acquire Land. The Bill is intended to amend article 26 of the 1995 Constitution to facilitate faster …
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