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Feb 2020 5 results
21:07
21:07

Parliament Approves UGX 2.4 Trillion Loan from Stanbic, Trade Bank budget deficit 1 7

In June 2019, Finance Minister Matia Kasaija presented 40.5 trillion Shillings budget approved by parliament for the financial year 2019/2020. However, five months into the financial year government realized a low revenue performance, which was attributed to delays in implementation of some administrative measures which had been projected to generate revenues. These included the Digital Tax Stamps (150 billion Shillings), electronic fiscal devices (170 billion Shillings), rental income tax (174.63 billion Shillings) and the MTN Uganda national operator license fees of US Dollars 100 million.
19:46
19:46

Individuals, Companies to Own Markets in New Market Reform Bill street vendors 1 2

Parliament has granted leave to Workers MP Margaret Rwabushaija to introduce the establishment and management of markets bill, 2019 that will allow individuals own and set up markets.
19:16
19:16

Gov't To Undertake Feasibility Study on Uhuru Falls 5 1

D'Ujanga says that the study by the government will settle matter on whether or not to construct the dam.
17:46
17:46

Gov't Withholding UGX 154b For Isimba Dam Contractor Isimba dam bridge 2 1

According to Robert Kasande, the Permanent Secretary Ministry of Energy, they are withholding the money and will only give it to the contractor when they are satisfied with the works.
17:00
17:00

Payment Systems Bill to Help Address Gaps in Digital Services-UCC 5

The Bill that seeks to among others provide for supervision and oversight of mobile money transactions. The Bill also provides for the protection of the payment and settlement systems against insolvency proceedings by providing for transfer orders finality, irrevocability and protection of collateral arrangements.
Feb 2020 5 results