The MPs on the Public Accounts Committee Chaired by Angelina Ossege were questioning the ministry of finance for the diversion of 1 billion shillings to Privatization Unit from Uganda Development Bank funds meant for Agriculture Credit Scheme without Parliament’s approval.

Aston Kajara, the minister in-charge of Privatisation.

MPs noted that the privatization divestiture account has no money to run the unit which caused the ministry of finance to divert 1 billion shilling for privatization operation.

The legislators say that privatization unit needs to be closed since most of its work of privatizing government property completed and it’s a dead organization on basis that it has no funds to run its remaining work.

They added that government could be delaying closing the privatization unit with a hidden agenda.

The Director in-charge of Privatization Unit in the Finance Ministry, Moses Mwase told MPs on the committee that the ministry is still consulting cabinet on when this unit will be closed although its staff was down sized and remained with 15 staff only.

The post MPs demand for government’s stand on winding up the Privatisation Unit first appeared on Uganda Multimedia News & Information.

Uganda Cranes fans inside Namboole stadium.

Nambole stadium is to undergo renovation and a face lift to make match the competitiveness as sports facility that meets international standards.

This was disclosed by the director privatization unit in the ministry of finance, Moses Mwase.

He told members of Parliament on the Public Accounts Committee that the privatization unit is commissioning discussions with the stadium management and the ministry of sport over its renovation.

He said that the stadium facility needs a face life to improve on its outlook.

Nambole stadium is   officially called Mandela National Stadium, named after the former South African president, the late Nelson Mandela and it was opened in 1997 with a sitting Capacity stands 45,202 viewers.

The stadium was built with a grant of $36 million dollars from the Chinese government.

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