Author: Our Reporter
Matia Kasaija, Finance minister has said that government will continue to exercise caution while taking on new national debts to avoid suffocating the country’s economy. Kasaija assured the country during that FY 2019/20 Budget reading that whereas Uganda’s debt continues to rise, it is still sustainable. The stock of Government debt rose to Shs42,760billion as at end-December 2018. At end of December 2017, it was Shs37,208 Billion. “I would like to assure the country that our debt remains sustainable in the medium to long term. As of December 2018, debt was at 41.8% of GDP in nominal terms and 31.7%…
Finance minister Matia Kasaija has observed that unemployment levels, income inequality and malnutrition and unhealthy lifestyles are the major development challenge facing Uganda’s economy. While presenting the FY 2019/20 Budget, Kasaija said that despite the positive economic trends, the four bottlenecks continue to stifle efforts for the economy to be propelled further into greater heights. On the unemployment levels, Kasaija said that there are now approximately 600,000 entrants into the job market every year, as a result of the universalization of health and education. This has created the need for new jobs to meet this demand. Currently, 4 out of…
Finance Minister Matia Kasaija has on Thursday afternoon presented the Shs40.4trillion National Budget for Financial Year 2019/2020. Kasaija presented the Budget on behalf of the President in accordance with Article 155(1) of the Constitution. Below is Kasaija’s full speech: Your Excellency the President Your Excellency, the Vice President The Right Honourable Speaker of Parliament The Right Honourable Deputy Speaker His Lordship the Chief Justice His Lordship the Deputy Chief Justice The Right Honourable Prime Minister and Leader of Government Business Right Honourable Deputy Prime Ministers Madam Leader of the Opposition Honorable Ministers and Members of Parliament Members of the Diplomatic…
Finance minister Matia Kasaija has revealed that government will in the new FY 2019/20 embark on serious marketing of the Uganda’s Tourism sector. Kasaija while presenting the FY 2019/20 National Budget said that Tourism was ranked as the highest foreign exchange earning sector in 2018, earning the country $1.02 billion, with 1.6 million international tourist arrivals. As a result, Kasaija said that government has in the new FY provided Shs175bn for Tourism sector. As a measure to promote the country’s tourism destination, Kasaija said that government will embark on “aggressive marketing of Uganda’s tourism in key markets of South Asia…
Parliament will today, Thursday convene at Kampala Serena Hotel for its 2nd sitting of the 4th session for the National Budget reading for Financial Year 2019/2020. President Yoweri Museveni is expected to fulfill his constitutional mandate in accordance with Article 155 (1) of the Constitution to present the National Budget for the new financial year. Matia Kasaijja, the Minister of Finance is expected to deliver the Budget on behalf of the President. On May 24, 2019, Parliament approved and passed budget estimate this FY 2019/20 which is Shs40.4trillion from Shs32trillion in FY 2018/19. WHO TAKES WHAT? 1) Debt repayment…
Isbat University has launched blending learning platform, an alternative medium of study where students do not necessarily need to be in classes to attend lectures. The launch was officiated by the University Chancellor, Fred Jachan Omach and the minister of information and communication technology (ICT), Frank Tumwebaze who implored students to be innovative in the era of technological advancement and transform their skills into creating technological solutions to problems facing people in areas they live in. Speaking at the launch, the minister, said innovation is the way to go, new challenges require new solutions and therefore creativity will address a…
Parliament is determined to push through a Private Member’s Bill on Local Content despite the reluctance from government. This, the Speaker of Parliament, Rebecca Kadaga, said is intended to boost and protect the livelihoods of the local communities in which the multinational corporations operate. “We passed the oil law having included local content but the concerned companies ran to the President saying we passed a stringent law,” Kadaga said. The Speaker, representing President Yoweri Museveni, as chief guest, made the remarks at the Silver Jubilee celebrations marking the coronation of the Omukama of Bunyoro-Kitara Kingdom, Solomon Gafabusa Iguru I at…
National Information Technology Authority – Uganda (NITA-U) with partners have organized a two day egovernment exhibition that will showcase various services under one roof. This great event that brings about 50 government agencies together will take place at the Garden City Mall parking on Thursday 20th June 2019 & Friday 21st June 2019 starting at 8: am to 6pm. According to Ms. Ndagano Angela, the NITA-Uganda cooperate communications officer stated revealed that its an opportunity for Ugandans to access experience fast, convenient and efficient service delivery. “Entrance is free. There will also be free MyUG wifi. Come try out…
Dr. Ruth Aceng the Minister of Health has confirmed an Ebola outbreak in Kasese District, that boarders with the Democratic Republic of Congo. The confirmed case is a five-year-old boy who has been admitted and isolated at Bwera Hospital Ebola Treatment Unit as he undergoes further management. The minister added that the team of experts follows up the deceased family members, two more samples have been taken and eight contacts followed. The child and his family entered the country through Bwera Border post and sought medical care at Kagando hospital where health workers identified Ebola as a possible cause of…
The Uganda Cranes list of 23 players to the Total AFCON Finals in Egypt has been released. The list will be submitted to CAF to beat today’s deadline. The shirt numbers have also been confirmed. Uganda Cranes final 23 man submitted to CAF for AFCON Finals in Egypt (shirt numbers included). Denis Onyango (18), Jamal Salim Magoola (19), Robert Odongkara (1, Murushid Jjuuko(4), Bevis Mugabi (5), Isaac Muleme (20), Hassan Wasswa Mawanda (16), Wakiro Nico Wadada (14), Joseph Benson Ochaya (2), Timothy Denis Awany (3), Godfrey Walusimbi (15), Ronald Mukiibi (12), William Kizito Luwagga (10), Khalid Aucho (8), Mike Azira (23),…