finance minister

China to sponsor Kampala-Jinja Expressway

China to sponsor Kampala-Jinja Expressway

A Chinese state-owned company, China Railway 17th Bureau Group Company has pledged to partner with a local contractor in the construction of the 95km Kampala – Jinja expressway (KJE). Mr He Ping, the company’s chairman for Africa business led a delegation to President Yoweri Museveni‘s home in Rwakitura and promised to finance the project. “if […]

Government to Avail Shs100b to re-stabilize maize prices

Government to Avail Shs100b to re-stabilize maize prices

The government of Uganda has committed a sum of Uganda Shillings 100 billion towards re-stabilizing the maize prices.The money will be available in a weeks-time and channeled through Bank of Uganda Agriculture Credit Facility. A 15 per cent interest rate shall be levied from businessmen interested in getting the loan to buy the Maize grains […]

National Drug Authority gets green light price hikes for drugs

National Drug Authority gets green light price hikes for drugs

The Ministry of Finance has authorized the Uganda National Drugs Authority (NDA) to hike verification fees for imported drugs as a means of boosting locally produced drugs. The NDA has been charging 2% verification fees on imported drugs but this will now be raised to 12%. Speaking during a meeting on improving Uganda’s competitiveness in […]

Uganda to face huge housing deficit, says finance minister Kasaijja.

Uganda to face huge housing deficit, says finance minister Kasaijja.

Uganda is likely to face a bigger housing deficit of 12.6 million housing units, if no tough measures are taken to address the issue. According to the National Development Plan II, with the current population growth rate of 3. 4% and 5.2% urbanization rate, the demand for housing units is likely to dramatically shoot up. […]

Finance minister wants gender equity from private sector on jobs

Finance minister wants gender equity from private sector on jobs

Finance Minister, Matia Kashaija, has demanded the private sector in Uganda to always consider gender equity as they employ workers in their respective work places as the only way the country will do away with the issue of gender inequality. Speaking at a Private Sector Foundation Uganda (PSFU) meeting on Tuesday August 16, discussing its […]

Finance Minister Maria Kiwanuka fails to convince MPs on Youth Fund

Finance Minister Maria Kiwanuka fails to convince MPs on Youth Fund

MPS have thrown out the ministerial statement of the minister of finance on the youth venture capital fund meant for youth entrepreneurs. This came after the minister of finance; planning and Economic Development Maria Kiawanuka Nabasirye failed to convince them on the friendly modalities on how the youth can access funds for job creation. The […]

Government fixes interest rates on bank loans

The government ofUgandahas agreed with commercial banks to fix interest rates to be charged on money given out to the youth in form of loans. The minister ofUgandafor Finance Minister, Maria Kiwanuka says that the banks will charge 15% for a period of six months. Some of the banks the government has agreed with include […]

Finance Minister Miria Kiwanuka hides from ambassadors

All is not well in the ministry of foreign affairs and that of the finance as far as quarterly finance releases are concerned. Spies have learnt that yesterday the minister of finance, Miria Kiwanuka went into hiding when she noticed that a team from the ministry of foreign affairs had visited her office over the […]

34 million shillings goes missing on Makerere Guild account

MakerereUniversitystudents Guild leadership is in total trouble after over 34 millionUgandashillings went missing from the guild account.  Sources have told our informers that the dime went missing last week and the police have started probing the disappearance of this huge some of money. An informer with Uganda Police has told our news desk that they […]

34 million shillings goes missing on Makerere Guild account

Makerere University students Guild leadership is in total trouble after over 34 million Uganda shillings went missing from the guild account. Sources have told our informers that the dime went missing last week and the police have started probing the disappearance of this huge some of money. An informer with Uganda Police has told our news desk that they […]