Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is anxiously awaiting the enactment of the NSSF Amendment Bill which was recently returned to Parliament by President Yoweri Museveni. The president advised parliament to among others, amend the clause on the mid-term access to 20 per cent of the …
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Kampala, Uganda | THE INDEPENDENT | Holders of bank or mobile money accounts whose cash balances may be transferred to the Bank of Uganda or to the Consolidated Account, are free to recover it according to the laws. The National Payments Act, 2020 provides for the transfer of “idle money” or …
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Luuka, Uganda | THE INDEPENDENT | The government of Uganda has finalized plans to construct a 135 billion Shillings sugar processing factory in Luuka district. Uganda Development Cooperation-UDC will supervise the implementation of the construction works through direct financing from the Ministry of Finance. The plant whose construction works are expected …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making …
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Kampala, Uganda | THE INDEPENDENT | Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to …
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Kampala, Uganda | THE INDEPENDENT | As the government moves to meet traders over an impending strike by importers of textile and textile products over taxes, the Ministry of Finance, Planning and Economic Development, and the Uganda Revenue Authority are accusing the traders leadership of dishonesty. Kampala City Traders Association, KACITA …
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Kampala, Uganda | Ronald Musoke | Ramathan Ggoobi, the new Permanent Secretary in the Ministry of Finance, Planning and Economic Development who also doubles as the Secretary to the Treasury has officially assumed office almost a month after his appointment. Patrick Ocailap, the Deputy Secretary to the Treasury who has been …
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Kampala, Uganda | THE INDEPENDENT | Dealers in imported garments have got some reprieve, after the Minister for Finance, Planning and Economic Development Matia Kasaija announced a waiver of some tax on the goods. In the budget for the financial year 2021/2022 read last month, the minister introduced an import duty …
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Kampala, Uganda | THE INDEPENDENT | Makerere University staff have been exempted from the mandatory contribution to the National Social Security Fund-NSSF. The exemption has been given by the finance minister Matia Kasaija, who approved the Makerere University Retirement Benefits Scheme as a supranational scheme to offer retirement benefits to employees …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has said that Ugandan scientists have requested for more than 248 Billion shillings for producing the Covid-19 vaccine. Kasaija was appearing before Parliament’s Covid-19 taskforce together with Henry Musasizi, the State Minister for Finance General Duties and Kenneth Mugambe, …
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