UMRA is optimistic that the introduction of the international credit rating system will strengthen Tier 4 financial institutions and help them attract cheaper credit facilities globally.
Lumonya noted that the population dynamics in Uganda dictate that women, who constitute the majority, must be at the forefront of efforts to enact societal change since they play a pivotal role in family and community welfare.
The debate on the bill was halted during a plenary session on Tuesday, August 13, 2024, chaired by Deputy Speaker Thomas Tayebwa, Parliament’s Committees on Health, Tourism, Trade, and Industry presented a report that raised significant concerns about the bill's potential impact on government revenue.
