Museveni’s dream and numbers that don’t lie Kampala, Uganda | RONALD MUSOKE | Since President Yoweri Museveni announced on June 7, rather surprisingly, that Uganda had attained Lower Middle Income status, the question has been why the President appears desperate for Uganda to attain that rank. Several views have …
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Teachers: How Museveni’s strategy is failing COVER STORY | MUBATSI ASINJA HABATI | Non-science teachers in government secondary schools across the country, their primary school counterparts, and tutors in teacher training colleges who are on strike demanding unbiased pay appear to have President Yoweri Museveni cornered. Although the President is talking …
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A huge chunk of 2022/23 Shs48.1tn budget will go to the usual sectors of works and transport, security, health and education NEWS ANALYSIS | ISAAC KHISA | Uganda’s national budget, read on June.14, has drawn mixed reactions from various players, with manufacturers partly welcoming it but the civil society …
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BUDGET summary 2022/23 ➡ Shs.48,130.7 billion ❇Domestic revenue: Shs.30,797.3 bn with Shs.23,754.9 bn as tax revenue & Shs.1,795.9 bn as non tax revenue. ❇ Domestic borrowing is Shs.5,007.9bn ❇ Budget support is Shs.2,609.2bn ❇External financing for projects amounts to Shs.6,716 bn of which Shs.4,625.7bn is from loans & Shs.2,090.5 bn …
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Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …
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This is good news but finance minister Matia Kasaija wants more Ugandans to save | THE INDEPENDENT | There is good news from the Capital Markets Authority (CMA) of a big milestone amounting to slightly over Shs1.1trillion attained as Assets Under Management by licensed Collective Investment Scheme (CIS) managers, representing …
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Museveni defends, Buganda reacts Kampala, Uganda | MUBATSI ASINJA HABATI | On 10 February 2022, the Minister of Finance, Matia Kasaija signed an agreement with an Italian, Enrica Pinetti to allow her company, Uganda Vinci Coffee Company Limited (UVCC), to establish a coffee processing plant worth US$80 million. Apart from …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has assured parliament that the Road Fund was going to be operationalized following a legal opinion provided by the Attorney General. Kasaija’s statement follows a motion tabled by Tororo Woman MP, Sarah Opendi questioning why government was not …
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Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …
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Kampala, Uganda | THE INDEPENDENT | Amidst a heated debate, Minister of Finance Matia Kasaija has named 10 companies that have been paid, and 23 who have been verified and are set to be compensated after losses in South Sudan’s 7-year civil war that started in 2013. The 33 are …
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The Independent Uganda: You get the Truth we Pay the Price