The Uganda Investment Authority (UIA) board is the latest casualty in the ongoing war between Director General Robert Mukiza and Investment Minister Evelyne Anite. This publication has learnt that finance Minister Matia Kasaija last week dissolved the UIA board allegedly at the instigation of junior Investment Minister Anite. The sacked members include Morrison Rwakakamba (Board…
The government of Uganda and real estate muloodi Sudhir Ruparelia are set to construct a joint venture Convention Centre at Commonwealth Speke Resort Hotel Munyonyo at a cost of USh 147 billion. There is great urgency around the Convention Centre project, which must be completed and fully functional within 8-9 months in order to host…
Businessman Sudhir Ruparelia and the government of Uganda agreed to build a modern Convention Centre at Commonwealth Speke Resort Munonyo. The centre will host 3,000 delegates and its first conference will be the Non-Aligned Movement (NAM) scheduled for this year. The signing of the Memorandum of Understanding (MoU) between Sudhir and government was done in…
President Yoweri Kaguta Museveni has placed a blanket ban on travel abroad by Members of Parliament and civil servants to save money for other priority sectors. While commissioning facilities at Uganda Petroleum Institute-Kigumba (UPIK) in Kiryandongo District on Saturday, Mr Museveni was not happy to learn that the institute does not have enough funding to…
The Government of Uganda has donated two acres of land to African Export-Import Bank (Afreximbank), a move that will enable it open up its regional branch in Kampala, Uganda. The donated piece of land which formerly belonged to National Social Security Fund (NSSF) and located along Yusuf Lule Road in Kampala was handed over to…
The Minister of Finance and Economic Planning, Matia Kasaija has commended businessman Ham Kiggundu for establishing a complete integrated food processing unit, creating jobs and opportunities for young people. The minister made remarks on Wednesday September 28, 2022 in an interview with the New Vision and after paying a visit to Kiggundu’s agro-Processing Plant in…
Parliament has recommended the investigation of the former Minister of Lands, Housing and Urban Development, Hon. Beti Kamya and Finance Minister, Hon. Matia Kasaija for their role in the shs10.6 billion land compensation. The House chaired by Speaker of Parliament, Anita Among on Thursday, 04 August 2022 adopted the report of the Committee on Commissions,…
Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Hon. Joseph Ssewungu had called the ministers but none of them showed up for the meeting held…
Sports federations have welcomed additional funding to the sports sector. According to the 2022/23 financial year budget figures read by the Minister of Finance, Planning and Economic Development, Matia Kasaija on Tuesday, the sports sector will receive Shillings 47.81 billion up from Shillings 17billion provided in the last financial year. Of this, Shillings 17billion has…
Security and education, and health sectors are the biggest beneficiaries of the National Budget for the Financial Year 2022/2023 that was released on Tuesday, 14 June 2022 during a Parliamentary sitting held at Kololo Ceremonial Grounds. Finance minister Matia Kasaija unveiled the sh48.1 trillion national budget, indicating that government anticipates generating Shs25.7 trillion from revenue…
