Uganda’s foreign debt is increasingly growing bigger, a situation that is worrying legislators in Parliament. Making a submission to Parliament this morning on the loans, grants and guarantees for the financial year 2010/11, the state minister for finance in charge of investments Aston Kajara says that as by March 31, 2011, Uganda’s external debt stood […]
Uganda’s external debt burden has grown up Uganda’s external debt burden has grown up over the past one year. Appearing before the joint Budget national economy and financial committees on Wednesday, the state minister for finance Aston Kajara, revealed that by March 2011, government’s indebdtedness stood at 4.29 billion shillings from 4.1 billion shillings registered during the […]
The Government has pledged to continue maintaining the flexible exchange rate that is determined by the demand and supply market conditions. The Minister for finance planning and economic development Maria Kiwanuka says the global economy has been experiencing terrible times due to financial crisis affecting major export market. Kiwanuka however says due to government initiative […]
The Uganda Importers, Exporters and Traders Association (UGIETA) have asked the government to intervene in the economy to prevent the Uganda shilling from further depreciation. UGIETA general secretary Emmanuel Lubandi says the business community is reeling from the effects of an unstable and depreciating shilling on trade. He says the current Ugandan shilling exchange rate […]
The prime minister of Uganda Amama Mbabazi has attributed the current crisis economic to the opposition walk to work campaign. Speaking to journalists in Kampala today, Mbabazi said that the walk to work campaign tarnished the image of the country abroad and foreigners’ started fearing visiting Uganda. He said that before the campaign there was […]
The parliamentary finance committee has criticized the Minister of Finance for failing to honor the committee’s invite to appear before the MPs. Maria Kiwanuka had been invited to explain to the MPs the current state of the economy but did not turn up. Committee chairperson, Frank Tumwebaze says the minister’s actions were not called for […]
The minister of trade and industry Amelia Kyambadde has suspended the trade licenses for all businesses as one of the moves to calm traders who are currently demonstrating. Kyambadde says they have found that many businesses are being charged high trading license fees that are not commensurate with the services offered by the relevant local […]
The Leader of Uganda’s Opposition Nandala Mafabi has delivered the opposition’s response to President Museveni’s 2011 State of the Nation Address calling on the government to get more serious in the fight against corruption. Mafabi told Parliament on Tuesday that the government needs to do more in investigating corruption related cases and prosecuting all those implicated. The opposition also […]
Uganda President Yoweri Kaguta Museveni will on Tuesday June 7th officially open the 9th Parliament at the International conference Center in Kampala. He will also deliver the state of the nation address, which he is obliged by the constitution to deliver before Parliament every year in order to highlight the key issues in the country […]
Pests have attacked Kayunga district, destroying hundreds of hectares of coffee plantations sending area coffee farmers in panic according to the Uganda Ministry Agriculture. The Commissioner in charge of crop protection in the Uganda Ministry of Agriculture, Animal Industry and Fisheries, Bulegeya Komayombi told journalists today (25th June 2010) that the pest is moving at […]