Gov’t Releases UGX 6 Trillion for FY Quarter One Activities

The government has released up to 5.899 trillion Shillings for various activities in the first quarter of the 2024/25 financial year.  A bulk of the funds will finance the non-wage bill with an allocation of 3.371 trillion Shillings, followed by the wage bill at 1.990  trillion Shillings, among other allocations. Of this, 323.50 billion Shillings…

President Museveni Commissiones Spiro electric Motorcycles

President Yoweri Kaguta Museveni commissioned Spiro electric motorcycles today at the National Leadership Institute (NALI) in Kyankwanzi. The Spiro delegation was led by Mr. Odrek Rwabwogo, Chairperson of the Presidential Advisory Committee on Exports and Industrial Development (PACEID). Spiro, formerly known as M Auto Electric, is a leading electric bike company in Africa, noted for…

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Labour Ministry, CSOs Demand Strict Laws Against Foreign Investors on Human Rights

The government has been called out on its failure or reluctance to act on the violation of the rights of Ugandans, environmental degradation, and poor competition practices by foreign investors especially in the extractives industry. It comes amidst persistent complaints by local workers and communities where such investments like oil and gas, mining, energy, and…

NSSF Surpasses 2023/2024 Targets Says Ayota

The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note having surpassed the targets.     The Fund’s Managing Director, Patrick Ayota, MD, NSSF Uganda said the preliminary analysis shows that performance on the key indicators will surpass its annual targets.   “We have commenced on our annual audit.…

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Supplementary Expenditures Eroding Credibility of Budgeting -World Bank

The World Bank is advising the government on better budget discipline this financial year than the levels exhibited in 2023/2024 if the fiscal policies are to benefit the citizens and the nation as a whole.  The year ending June 2024 was characterized by not only what has been termed non-prioritized spending, but also supplementary budgets…

Prof. Isabirye urges Stanbic Bank Management to Prioritize Digital Banking

Stanbic Bank shareholder and Seasoned Media Consultant and Multidisciplinary Professor Dr. Joel Isabirye has urged the management of Stanbic Bank to increase its digital solutions to the public. Isabirye who was speaking after the Annual General Meeting of the Bank that was held recently in Kampala said that given the increased access by Ugandans to…

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