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Parliament Receives Special Audit Report On COVID-19 Spending
The Speaker of Parliament, Anita Among, has asked the Office of the Auditor General to shift focus to value for money audits, which she said makes more accountability sense in light of the shift to a programme-based approach to budgeting. Speaker Among was meeting the Auditor General, John Muwanga, who presented to her a report…
Museveni Warmly Welcomed In Vietnam As He Kicks Off 3 Day State Visit
The President of the Republic of Uganda Yoweri Kaguta Museveni has arrived in the Socialist Republic of Vietnam for a three-day state visit at the invitation of his counterpart President Nguyễn Xuân Phúc. At Noi Bai International Airport in Hanoi, the capital of Vietnam, H.E Museveni was received by the Chairman Office of the President…
“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans
Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…
“Business Opportunities Are Many In Uganda”- Says Museveni As He Welcomes More Indian Investments
President Yoweri Kaguta Museveni has requested Indian business people to invest more in Uganda, saying the East African country has several investment opportunities in different sectors. While officiating at the opening of Afro Indian Investment Summit 2022 and the centennial 100 years celebration of Indian Association Uganda on Thursday at Munyonyo Commonwealth Resort Hotel in…
Uganda Coffee Exports Generates Record US$876.4 Million
Uganda’s coffee exports generated a record US$876.4million in revenues for the just concluded 2021/2022 coffee year that ended on September.30. This represents a 39% increase in revenues compared to the previous year despite a decline in export volumes. Latest statistics from the state-owned Uganda Coffee Development Authority (UCDA) shows that the East African nation exported…
Parliament Approves UGX1.2 Trillion Loan For Electricity Connections
The Parliament of Uganda has approved another request by the Government to borrow up to US$331.5 million approximately Shillings 1.242 trillion from the International Development Association– IDA of the World Bank Group to support the electricity access scale-up project. The legislators passed the unanimous resolution following a motion moved by the Minister of State for…
Countering Climatic Change: How ERA’s Lower Power Tariffs Reduce Use Of Firewood, Charcoal
In a bid to counter the adverse impact of climatic change in Uganda, power regulator Electricity Regulatory Authority (ERA) in December 2021 introduced a Cooking Tariff known as Declining Block Tariff, which would enable domestic consumers connected on the national power grid to use electricity for cooking, instead of charcoal and firewood. The main objective…
OP-ED: Ugandans Survived The COVID-19 Lockdown But Might Not Live Through The Current Financial One
It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement by public means was prohibited. Trading in crowded places was…
Shock As Bukalasi SS Economics Students Fail To Turn Up For UACE
Three senior six candidates of Bukalasi Secondary School in Bududa district failed to show up on Monday for their Economics paper on day one of the Uganda Advanced Certificate of Education Examinations-UACE. The Uganda National Examinations Board (UNEB) began conducting UACE for all A’ level candidates beginning with Economics Papers one and two for Arts candidates and Chemistry…
PICTORIAL: Saudi Arabia Stuns Argentina In One Of World Cup’s Greatest-Ever Upsets As Tournament Came To Life
Argentina 1-2 Saudi Arabia: Saudis produce one of the World Cup’s biggest EVER shocks to beat Lionel Messi’s star-studded side, with Aldawsari’s wondergoal proving the difference. The little man they had all come to see took just 10 minutes to give them what they wanted. A little stuttering run-up, a nudge of his left foot…