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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Kampala, Uganda | THE INDEPENDENT | More than 100 Districts and lower local government authorities are crying foul following the misallocation of local revenue funds by the Finance Planning and Economic Development Ministry this financial year, Uganda Radio Network has learnt. The Entebbe Municipal Mayor, Vincent Kayanja, says the misallocation of …
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Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday came under criticism from Parliament’s Public Accounts Committee (PAC) for failing to produce audited books of accounts for various projects under the ministry. The committee chaired by Budadiri West MP Nathan Nandala Mafabi on July 4th noticed inconsistencies …
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Kampala, Uganda | THE INDEPENDENT | The Public Accounts Committee (PAC) has directed Finance Ministry to start the process of renegotiating an agreement with an Edible Oil Refinery company-which is in the country to develop the palm oil industry. Government through the Finance Ministry in 2003 entered an agreement with the …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee on Wednesday encountered difficulties in finalizing the budget after discovering inconsistencies in figures presented by the Finance Ministry in the additional budget. Chaired by Ntenjeru North MP Amos Lugoloobi, the Budget committee convened to scrutinize the additional 929 billion shillings in allocations presented …
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Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion shillings tax arrears …
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Kampala, Uganda | THE INDEPENDENT | President, Yoweri Museveni has directed the Finance Ministry to provide Sh47 billion in the next two financial years to compensate Buganda Kingdom for the Kigo prison land, the land hosting King Fahad Plaza and Muteesa House in London. This is contained in an official statement …
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Uganda’s Parliament has passed a Sh29 trillion budget for fiscal year 2017-18 on deadline day Wednesday despite stiff opposition to the amount of loans. Parliament only moved to consider the Appropriation Bill,2017 which is the final stage of the budget process, after the Deputy Speaker suspended The House for 15 minutes …
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Due to the increasing number of Ugandans facing starvation, the Parliamentary Public Accounts Committee (PAC) has tasked the Ministry of Finance, Planning and Economic Development to quickly operationalize the contingency fund to cater for emergencies. This was revealed when Keith Muhakanizi, the secretary to the Treasury appeared before the committee to …
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ANALYSIS: Why President Yoweri Museveni’s behind- the-scenes-maneuvers to save Sudhir’s bank hit a snag On Oct.10, President Yoweri Museveni directed the Prime Minister Dr. Ruhakana Rugunda to find an immediate solution to Crane Bank’s problems with the Bank of Uganda (BoU). Apparently, this was expected to mark an end a …
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The Independent Uganda: You get the Truth we Pay the Price