central bank governor

Financial year ends as budget is explained

Financial year ends as budget is explained

The secretary to the treasurer, Keith Muhakanizi revealed that government has managed to save over UGX 200bn in the ending financial year which is to be used to fund other government programmes. Muhakanizi while responding to questions from journalists, said, the fund arose from checking on power government spending, coupled with efforts to combat graft among […]

General Elly Tumwine told Museveni off

General Elly Tumwine has told off president Museveni to stop playing around with the blood of those people who sacrificed for freedom. This was during the PAC report debate on the financial scandal involving NRM’s entrepreneur, Hassan Basajjabalaba who was given the compensation of over 142 billion shillings as compensation for losing tenders in the […]

Bank of Uganda boss Mutebile thrown out by Ad hoc committee

The Members of Parliament on the adhoc committee investigating the bribery cases in the oil sector have today thrown out the Bank of Uganda governor Emmanuel Mutebile for attending to them unprepared. Mutebile had been summoned by the committee to explain the One trillion shillings the Uganda Revenue Authority executive director, Allen Kagina said has […]