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Tag Archives: Finance Ministry

Parliament tasks finance ministry to investigate platinum credit, bayport

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Finance Ministry to investigate Platinum Credit Limited and Bayport for alleged exploitation of borrowers. Platinum Credit Limited is a micro finance company that offers emergency loans to borrowers among others. Bayport on the hand offers short term loans, medium-term loans, …

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Uganda drops in budget transparency survey

Kampala, Uganda | THE INDEPENDENT | Uganda has once again dropped in Open Budget Survey ranking owed to low public participation in the budgeting process. The survey carried out by Uganda Debt Network in partnership with the US-based International Budget Partnership shows that Uganda recorded an average score of 58 out …

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Coronavirus disrupts gold exports – Finance

Kampala, Uganda | THE INDEPENDENT | The monthly gold exports dropped to the lowest in March as coronavirus shutdown countries that consume most of Uganda’s gold. According to the Finance Ministry, Uganda’s gold exports fell to 1,199 kilograms in March 2020 down from 1,955 kilograms exported in February. The volume …

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Gov’t releases UGX 165M to districts for COVID-19 fight

  Kampala, Uganda | THE INDEPENDENT | Ministry of Finance, Planning and Economic Development has released Shillings 165 million to districts to intensify the campaign against the COVID-19 pandemic. It follows the approval of a supplementary budget of Shillings 304 billion by parliament last week to combat the spread of …

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Gov’t tables UGX 440Bn supplementary expenditure report

Kampala, Uganda | THE INDEPENDENT  | The Finance Ministry has presented a supplementary expenditure report of shillings 437.631 billion for the 2019/2020 financial year to parliament for consideration. The additional expenditures are one percent of the total national budget of UGX 40.5 trillion for the 2019/2020 financial year. The Public …

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MPs summon Finance Ministry for dealing directly with FUFA

Kampala, Uganda | THE INDEPENDENT | Members of the Committee on Education and Sports want the ministry of Finance led by the Permanent Secretary/Secretary to the Treasury-Keith Muhakanizi to answer why shillings 10 billion was directly advanced to the Federation for Uganda Football Associations (FUFA) and not through the National …

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