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Tag Archives: Muwanga Kivumbi

Opposition MPs question postponement of parliamentary sessions

Kampala, Uganda | THE INDEPENDENT | Opposition legislators have criticized the leadership of parliament for postponing plenary sittings pending a debate on a proposed motion challenging a vote on the government’s decision to purchase shares in Roko Construction Limited. Parliament voted on the purchase of preference shares worth Shillings 202 billion …

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Support ROKO to save ongoing projects: Solicitor General

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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Roko, MPs disagree on alternative financing possibilities

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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Re-allocate Shs319 billion Lubowa hospital budget

Kampala, Uganda | THE INDEPENDENT | The Chairperson of the Finance Committee, Keefa Kiwanuka has advised the Minister of Finance to re-allocate the Shs319 billion earmarked in the 2022/2023 budget for the International Specialised Hospital in Lubowa. This was during the meeting with the Ministers of Finance, led by Matia Kasaija while …

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URA warns of UGX 4.3 Trillion revenue losses due to budget shortfalls

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022/2023. Led by John Musinguzi, the Commissioner General, officials from URA on Monday appeared before …

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Legislators worried about high cost of essential commodities

Kampala, Uganda | THE INDEPENDENT | The high costs of essential household commodities are worrying and Members of Parliament want government to take action and stall rising prices. Kampala Central Member of Parliament, Mohammed Nsereko said the concerns of high fuel prices have now shifted to the increased prices of soap, …

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UNOC to retain money from petroleum sale in new Bill

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, 2021. During the Tuesday plenary sitting chaired by Deputy Speaker Anita Among, legislators amended the …

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Parliament passes Income Tax Amendment Bill 2021

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Income Tax (Amendment) (No. 2) Bill, 2021 which provides for windfall tax and limitations of deductions on petroleum operations. The bill, presented by Minister of State for Finance (General Duties), Henry Musasizi, was passed during plenary sitting on Tuesday, 14 December …

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