Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …
Read More »HIV/AIDS activists in Kigezi call for operationalization of trust fund
Kisoro, Uganda | THE INDEPENDENT | HIV/AIDS activists in the Kigezi sub-region are questioning why the government has failed to expedite the implementation of the AIDS Trust Fund. Parliament enacted the HIV Prevention and Control Act in 2014. The law was operationalized in 2018 enabling the government to levy 2 percent of …
Read More »HEALTH: Why NSSF wants raise from 15% to 17%
➡ #NSSF Propsals on #NationalHealthInsuranceBill2019 ✳ Employers extra 1% contribution for health ✳ Employees extra 1% for health ✳ Total contributions move from 15% to 17% ✳ Money to build, stock & equip Health Centres ✳ New 1% charge on minimum wage of shs130,000 Kampala, Uganda | THE INDEPENDENT | …
Read More »CPJ announces legal support to defend fearless journalists
New York, US | THE INDEPENDENT | The Committee to Protect Journalists (CPJ) and First Look Media’s Press Freedom Defense Fund today announced they are partnering on a fundraising campaign to provide legal support for journalists facing extensive legal battles meant to suppress critical journalism. The International Center for Journalists …
Read More »Women entrepreneurship program plunges into funding crisis
Kampala, Uganda | THE INDEPENDENT | The Gender, Labour and Social Development Ministry is stuck with thousands of women groups seeking funding under the Uganda Women Entrepreneurship Program- UWEP. The program, in its third year of implementation continues to suffer consistent decline in budgetary allocations from Ministry of Finance, Planning and …
Read More »EU to increase funding for electricity distribution
Kampala, Uganda | THE INDEPENDENT | The European Union-EU has promised to provide more funding to boost Electricity distribution in the country. The European Union Ambassadors made the pledge on Tuesday during their three-day retreat in Hoima on a fact finding mission on the major projects funded by EU. Stephanie Rivoal, …
Read More »CID starts investigations into misuse of Akii- Bua stadium funds
Kampala, Uganda | THE INDEPENDENT | The Criminal Investigation Department-CID has started investigations into the reported misuse of funds meant for the construction of Akii- Bua memorial Stadium. A team of senior police detectives from the CID – headquarters are in Lira district to investigate the alleged misuse of funds. Grace …
Read More »Sh250 billion fund to lift youth out of poverty
Four years later, Youth Livelihood Programmeimplementers assess its impact Kampala, Uganda | HAGGAI MATSIKO | A business venture by a group of eleven youth in Katebe Village, Kamwenge district is thriving after they got a Shs 7.7 million interest free loan in 2015 from the Youth Livelihood Programme (YLP); a …
Read More »DFCU injects $2.8m in agribusiness training
THIS WEEK: DFCU injects $2.8m in agribusiness training Kampala, Uganda | THE INDEPENDENT | Organized farmers have a reason to smile. For the next five years, Dfcu and Rabobank Foundation are injecting a combined US$ 2.8million in the Agribusiness Development Center (ADC) that will see farmers attain knowledge and skills …
Read More »Norway’s wealth fund – a jumbo piggy bank to be used prudently
Norway’s wealth fund – a jumbo piggy bank to be used prudently Oslo, Norway | AFP | Norway has the world’s largest sovereign wealth fund — a treasure chest nearly $1 trillion (830 billion euros) to be set aside for rainy days but also to help fund today’s election promises. …
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