Kampala, Uganda | THE INDEPENDENT | The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has said that the government is reviewing the hybrid procurement method amidst criticisms from local governments. On Monday, a section of local government leaders in Northern Uganda faulted the procurement method arguing it is …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …
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Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Minister of Finance to explain the budget cuts to different government entities that were effected in the first quarter release for the current financial year. During the plenary on Wednesday, a matter of national importance was raised by James Kaberuka, the Kinkizi …
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Kampala, Uganda | THE INDEPENDENT | Government has asked Members of Parliament to support the proposal to buy shares in ROKO Construction Limited to save ongoing construction works. The Minister of State for Finance (General Duties), Henry Musasizi recently tabled a proposal for the government to purchase 150,000 preference shares in Roko …
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Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament and Roko Construction Limited have disagreed on the alternative financing possibilities for the company. The committee is considering a proposal from the government to purchase 150,000 shares worth Shillings 202.13 billion in Roko Construction Limited payable over five years. The …
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Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …
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Kampala, Uganda | THE INDEPENDENT | Fuel prices in Kampala and beyond have continued to skyrocket, but more sharply over the last two months. A litre of fuel currently stands between 5,550 and 5,700 shillings, while the price of diesel at some stations is the same as petrol. Over the months, …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is projected to grow at six per cent in the next financial year 2022/2023, according to the Minister of State for Finance in charge of General Duties, Henry Musasizi. Musasizi who was on Wednesday, 25 May 2022 appearing before the Committee on National …
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Kampala, Uganda | THE INDEPENDENT | Uganda acted prudently by going slow on the Standard Gauge Railway (SGR) project which meant delays in borrowing at least USD 2.3 billion or more than Shillings 8trillion, according to experts. This is the estimated cost for only the Malaba-Kampala stretch, but the whole project connecting …
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