Month: January 2022

Members of the Budget Committee have asked the Committee of Tourism, Trade and Industry to examine the viability of investing Shs269 billion in several private enterprises through the Uganda Development Corporation (UDC). The trade committee chairperson, Hon Mwine Mpaka, on Thursday, 20 January 2022 presented his committee report on the National Budget Framework Paper for Continue Reading

Members of Parliament on the Natural Resources Committee have criticised the Minister of Finance, Planning and Economic Development, Matia Kasaija, for diverting the Environmental Fund from National Environmental Management Authority (NEMA) to the Consolidated Fund, saying this has crippled  NEMA’s operations. MPs said the fund was lawfully established to assist NEMA Continue Reading

The Executive Director of the Finance Intelligence Authority, Sydney Asubo revealed that Uganda by the Financial Action Taskforce (FATF) if the government does not tackle money laundering by May 2022.  Asubo who was appearing before the Committee on Finance said that the FATF maintains a watch list of countries that have significant shortfalls in tackling […]Continue Reading

MPs on the finance committee have approved the Shs6.4 billion budget for the Capital Markets Authority (CMA) for the Financial Year 2022/2023. Led by the Minister of State Finance (Planning), Amos Lugoloobi, the CMA leadership appeared before the committee to present the authority’s budget priorities for the Financial Year 2022/2023. The authority cited a budget […]Continue Reading

Uganda Breweries Limited (UBL) has announced Shs 2.1 billion a stimulus package for bars ahead of the full reopening of the economy. The funds are geared towards the purchase of materials for space enhancement. The support, phased over two years is being extended under the auspices of the Raising the Bar program, an initiative championed […]Continue Reading