Economy

Uganda's inflation has increased to 6.3 percent in the ending month of May 2022 from 4.9% registered in April 2022. Releasing the monthly consumer price index report at statistics house, the director economic statistics at Uganda Bureau of Statistics Aliziki Kaudah Lubega attributed the inflation rise to the increase of food and non-alcoholic beverages prices [...]
National Water and Sewerage Corporation-NWSC is seeking an additional Euro 45 million to complete the establishment of water distribution lines connecting to the water reservoirs of Katosi Water Project. The government constructed the Katosi water project in Mukono district worth Euro 81.9 million with reservoirs on Nsumba and Sonde hills as well as booster pumps [...]
MPs have highlighted high commodity prices as one of the issues they want President Yoweri Museveni to explain during an NRM parliamentary caucus meeting tomorrow. Government chief whip Thomas Tayebwa has summoned the NRM caucus for a meeting at Kololo. The caucus will meet on Wednesday at 2pm and it is expected to interact with [...]
Ugandan farmers are being urged to exercise proper grain management practices to improve the quality of grain produced in the market. According to Paul Ocuna a team leader at the Eastern Africa Grain Council, averagely 70% of all the grain that is produced by small holder farmers in the country doesn't meet the required standards [...]
Kampala Capital City Authority-KCCA made over 1 billion shillings worth of irregular payments in the year ending June 2021. According to the Auditor General's report, KCCA spent more than 1.3 billion Shillings in overpayments and other irregular payments on different construction projects mostly roads funded under the Kampala Institutional Infrastructure Development Project II (KIIDP II). [...]
Accounting officers in Central and Local Governments face sanctions for failure to utilize funds earmarked for staff recruitment. The Permanent Secretary of Ministry of Finance Ramathan Ggoobi, says that he has continuously observed that funds earmarked for staff recruitment are returned to the consolidated fund at end of the financial year resulting from delayed staff [...]
The China Communication and Construction Company (CCCC) has rejected claims that most of the employees working at the on going new cargo centre at Entebbe Airport are Chinese. The Country Director China Communication and Construction Company Joseph Biao said that 1000 workers used on this project are Ugandans and only 90 are Chinese. Mr. Biao [...]
Parliament's Committee on Commissions, Statutory Authorities, and State Enterprises - COSASE has directed the Ministry of Finance to expedite payment of 69.5 Billion Shillings it owes to the Uganda Railways Corporation. In 2013, the Government resolved to sell some of the URC’s properties identified as non-core assets to sustain the operations of the entity and [...]
The Minister of Local government Raphael Magyezi is calling for a ban on both public and civil servants from possessing market stalls in public markets. MAGYEZI tabled the proposal before parliament's committee on public service and local government while presenting the ministry's views on the markets bill 2022. Magyezi says the law banning politicians, civil [...]
Government failed to spend 3.1 trillion shillings in the last financial year. This was revealed by the auditor general John Muwanga while handing over the audit report for the last financial year to the deputy speaker of parliament Anita Among. The acting assistant auditor general in charge of audit Edward Akol says failure to spend [...]

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