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Tag Archives: Finance Committee

Finance Committee approves BoU recapitalization request

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has approved a request to recapitalize Bank of Uganda with Shillings 481 billion in the 2020/2021 financial year. This is part of the recommendations in the Committee report on the National Budget Framework Paper on votes in the finance …

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MPs question competence of Internal Auditor General

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned the competence of the government’s internal Auditor-General, Dr Fixon Akonya Okonye. This was on Friday during the committee meeting with Okonye and other officials from the Ministry of Finance over the current stock of domestic …

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MPs summon Mutebile over UGX 481 billion BoU capitalization

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

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Joint Committee stuck with NSSF Amendment Bill

Kampala, Uganda | THE INDEPENDENT  | A joint committee that is scrutinizing the National Social Security Fund Amendment Bill is stuck following a disagreement between Henry Musasizi, the chairperson of the Finance Committee and his Gender counterpart Alex Ndeezi. The Bill seeks to, among others, expand social security coverage and …

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MP Nandala writes minority report on taxing loss making businesses

Kampala, Uganda | THE INDEPENDENT | The Budadiri West Member of Parliament, Nathan Nandala Mafabi has disagreed with the Parliament’s Finance Committee on taxing loss-making businesses. In his minority report accessed by Uganda Radio Network-URN on the Income Tax (Amendment) Bill, 2019, Nandala opposes the 0.5 percent tax on loss-making …

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