Business •
27 Jan '24
The Budget Committee of Parliament has recommended allocating Shs288 billion for the renovation of Mandela National Stadium also known as Namboole in preparation for the Africa Cup of Nations (AFCON) in 2027.The committee also proposed the phased provision of funds for the construction of
Business •
25 Jan '24
The funds taken by Tugume for his private coffee enterprise is almost higher than the 2023/2024 financial year budget (Shs 22bn) which the government allocated to cater for the allowances of medical interns and senior house officers across UgandaMuseveni in a group photo with
Business •
16 Jan '24
The House Committee on Foreign Affairs has recommended allocating Shs4 billion and Shs2 billion in the National Budget Framework Paper for the Ministry of Foreign Affairs, specifically catering to post-summit activities related to the Non-Aligned Movement (NAM) and G77+China for the next three ye
Business •
16 Jan '24
Members of the Budget Committee in Parliament are seeking detailed justification from the government regarding the proposed increase in the budget allocation for Uganda National Airlines in the upcoming 2024/2025 financial year. The request follows concerns raised during a presentation by Hon. To
Business •
16 Jan '24
The Committee on Public Service and Local Government, led by Hon. Martin Ojara Mapenduzi, has put forth a recommendation for the allocation of Shs79.3 billion in the Financial Year 2024/25 to facilitate the merging of government agencies. This proposal emanates from the Ministry of Public Service
Business •
15 Jan '24
Halfway through the recently launched whistleblower campaign, a nationwide drive aimed at encouraging workers to report employers defaulting on NSSF contributions, the Fund has unearthed over shs70 billion from reported cases.
Figures released by the Fund on Monday indicate that as of Jan
Business •
15 Jan '24
The Minister for Justice and Constitutional Affairs, Norbert Mao, has disclosed that the government will not establish the long-awaited Constitutional Review Commission. This decision comes after Parliament failed to allocate the necessary resources in time for its establishment.
During a
Business •
15 Jan '24
The dairy sector has witnessed a 37% growth in milk production, from 2.81 billion litres in FY 2020/21, to 3.85 billion litres in FY 2022/23.
However, amidst this success, concerns have arisen over the threat posed to dairy farmers incomes due to the widespread use of fake drugs and ineff
Business •
15 Jan '24
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption.
But a transfer of power has begun.
On Friday, Microsoft surpassed Apple, claimi
Business •
15 Jan '24
Uganda's hosting of the 19th Non-Aligned Movement (NAM) Summit and the G77+China (Third South) Summit has raised concerns for the Forum for Democratic Change (FDC), regarding the adverse effects on ordinary citizens and local businesses.
In a media briefing in Kampala, John Kikonyogo, the party spo