Kampala, Uganda | THE INDEPENDENT | The Minister for Works and Transport, Eng. Monica Azuba has been accused for tabling the Traffic and Road Safety Bill, 2019 with the wrong certificate of financial implications. Azuba tabled the Bill in July for its first reading and the committee on Physical Infrastructure …
Read More »Ugandans are much richer-UBOS
Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …
Read More »Gov’t tells Ugandans to stay away from cryptocurrencies
Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …
Read More »Gov’t working to revive talks in collapsed oil companies’ deal
Kampala, Uganda | THE INDEPENDENT | The government of Uganda is working behind the scenes to revive talks in the collapsed oil companies’ deal. Minister of Finance, Matia Kasaija confirmed that government is pushing to see that oil companies go ahead to conclude their deal, a move that could breathe …
Read More »Customers Bank deposits now protected up to UGX 10m
Kampala, Uganda | THE INDEPENDENT | The government has increased the deposit insurance limit from the current 3 million to 10 million shillings. This is the amount of money that is put aside to cater for misfortunes like the closure of a bank, as a guarantee that depositors can be …
Read More »Gov’t commits partial payment for Church of Uganda land in Entebbe
Kampala, Uganda | THE INDEPENDENT | The government has committed to pay 10 billion Shillings to the Church of Uganda as partial payment for the 15-acre land housing its offices in Entebbe. The government offices on the land in question include Civil Aviation Authority, the Agriculture and Fisheries Ministry and …
Read More »Govt revises age of minors in Estates for Missing Persons Bill
Kampala, Uganda | THE INDEPENDENT | Government has proposed an amendment to the Estates for Missing Persons Act 1973 that will allow persons between 18 and 25 years of age to benefit from the estate of a missing person provided they are still in school and not married. This is …
Read More »Departed Asians Property Custodian Board seal missing
Kampala, Uganda | THE INDEPENDENT | Parliament has asked the Criminal Investigations Department (CID) to investigate the whereabouts of the seal of the Departed Asians Property Custodian Board. This follows a dispute between the Finance Minister Matia Kasaija, and former Custodian Board Secretary Bernard Tumwesigire, who presented a custodian board …
Read More »Government to invest UGX 23 billion in Mabale tea factory
Kampala, Uganda | THE INDEPENDENT | The government has finalized with plans to buy shares worth 23 billion Shillings in Mabale tea factory in Kyenjojo district, according to Finance Minister Matia Kasaija. Mabale growers tea factory started in 1969, as a government-owned business, but collapsed during the Idi Amin regime. …
Read More »IG breaks ground for UGX 69bn headquarters
Kampala, Uganda | THE INDEPENDENT | Construction of the headquarters of the Inspectorate of Government-IG is finally set to begin. Speaking at the ground breaking ceremony on plots 71-75 Yusuf Lule Road and Plots 24-26 Clement Hill, Kampala this morning, Rose N. Kafeero, the Permanent Secretary of the IG, said …
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