The new team appointed on a three-year tenure is expected to guide the smooth operations of the national flag carrier to fulfill its corporate mission and translate its vision into reality while protecting the company assets through transparency and accountability.
Samuel Wamala Kuwatanya, the Mawogola County Representative to Buganda Lukiiko, says the area has received an influx of moneylenders locally known as Kafuna. According to Wamala, the money lenders have taken advantage of the financial crisis in the area owing to the livestock quarantine to lend money to residents.
Muhakanizi explains that; “there is no fiscal space to accommodate the above funding requirement for salary enhancement in the budget for FY 2020/2021. Given the above circumstances, the proposed salary enhancement should be postponed until after the General Elections in 2021.
Kosolo notes that they have established that the growth of many of microfinance institutions is being hampered by high costs, part of which are incurred in sourcing external audit services that necessitates setting limits.