back to top
HomeBusiness|NewsBlunder! Finance Ministry Mistakenly Sends Shs 2.3 Billion To Ugandan Students Stranded...

Blunder! Finance Ministry Mistakenly Sends Shs 2.3 Billion To Ugandan Students Stranded In China

Published on

- Advertisement -spot_img

The Ministry of Finance has asked the Ugandan Embassy in Beijing, China to refund money mistakenly sent to its account.

Although Cabinet had direct the ministry to send $61,800, the Ministry of Finance transferred $600,000 on the request of the education ministry.

Now, the Secretary to the Treasury, Mr. Keith Muhakanizi has ordered the Embassy to transfer USD 538,200 (approx. UGX 2 billion) back to the Contingency Fund with immediate effect.

“As you’re aware, on 28th of February, this Ministry (Ministry of Finance) transferred USD 600,000 through the Ugandan Mission in Beijing to support affected students. However, upon receive of the Cabinet extract number, we noted that there’s a discrepancy between the amounts therein and that in the letter from the Ministry of Education and Sports,” Mr. Muhakanizi wrote.

He added: “The purpose of this letter, therefore, is to direct you to return the excess 538200 back to Contingencies Fund account”.

Finance Ministry letter to Ugandan Embassy In China

Ugandan students have been sending messages of serious concern over lack of food and other supplies after being confined in hostels.

The government says 105 Ugandan students are in Wuhan city universities where 65 are known government-sponsored students, while 40 are on private sponsorship.

Related

Afrigo Band Set for Legends and Classic Night at Buffaloes Lounge

Saturday 3rd October 2026 Buffaloes Lounge will host the legendary Afrigo Band for a...

Discover. Experience. Connect: How All Events Kampala Is Changing the Way Kampala Finds Fun

For years, discovering what was happening in Kampala meant relying on word of mouth,...

Vivo Energy Uganda Takes Training to Shell Stations and Mechanics

Vivo Energy Uganda has launched two mobile training units that will take skills development directly to Shell service stations and...

Ecobank Uganda Unveils Shs70m Collateral-Free Digital Loan

Ecobank Uganda has introduced a digital lending product that allows eligible merchants to access...

More from The Capital Times

Africa Can Feed Itself-Museveni Declares End To Food Imports With Homegrown Solutions

President Yoweri Kaguta Museveni has reiterated the importance of food self-sufficiency in Africa, stressing...

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...