The Higher Education Students Financing (Amendment) Bill, 2024 and the National Commission for UNESCO (Amendment) Bill, 2024 have been returned to Parliament by President Museveni for further consideration. Museveni claimed in a letter read by the Deputy Speaker, Thomas Tayebwa, during the House meeting yesterday that the National Commission for UNESCO Bill creates a department rather than…
According to General Edward Katumba Wamala, Minister of Works and Transport, work on a new bridge over the River Katonga on the Kampala-Masaka Highway would start in October of this year. During the plenary session on Tuesday, July 23, 2024, he revealed this while answering a question of national significance posed by Basil Bataringaya, the…
The national development finance institution of Uganda, Uganda Development Bank Ltd. (UDB), which was named the Best Bank in East Africa 2024, has released its 2023 annual performance report, emphasizing its ongoing contribution to the promotion of sustainable growth and resilience in several important economic sectors. The Bank’s post-tax (net) profit in 2023 was UGX…
A project worth 535 000 euros (Shs 2.1 billion) has been presented by the French government with the goal of improving the nutritional health and food security of households in the Karamoja sub-region who are at risk. The project, which was introduced on Thursday at the residence of the French Ambassador in Nakasero, will be…
President Yoweri Museveni yesterday officially opened the Lake Victoria Logistics complex in Kawuku Bwerenga. This project involves employing oil tanker ships to carry and store oil from the port of Kisumu to Entebbe. Museveni says it would be extremely beneficial for the nation to no longer import petroleum only via road transportation Museveni noted that there…
Nineteen bills recently passed by Parliament have received the assent of President Yoweri Museveni. These comprise the bills for NGO amendments and VAT. Nonetheless, he sent two bills back to Parliament for more review. These include the Higher Education Students Financing (Amendment) Bill, 2024, and the National Commission for UNESCO (Amendment) Bill, 2024. The Value…
Fuel merchants in Uganda believe that the role of Uganda National Oil Company’s (UNOC) as the exclusive fuel importer will result to improved pump prices. During a media engagement, VIVO Energy Uganda’s Supplies and Distribution Manager, Geoffrey Elyanu, stated that there company is prepared to carry on with business as usual under the new importation…
The national airline, Uganda Airlines, declared here on Wednesday that it will begin service to the capital cities of Zambia, Zimbabwe, and Nigeria in September 2024. The chief executive officer of Uganda Airlines, Jenifer Bamuturaki, stated that the additional flights will improve Uganda’s connectivity to the rest of Africa during the airline’s inauguration ceremony on…
In Uganda, the agricultural industry continues to be the backbone of the economy, employing over 72% of the workforce and making up roughly 24.1% of the country’s GDP. The dairy industry alone is worth US$3.8 billion, and US$106.2 million is made from exports each year. Dairy products and milk are essential in the fight against…
With an economic growth rate of 7% anticipated in the upcoming years, government has voiced strong optimism about the state of the economy. This comes after a predicted growth rate of 6 percent for the current financial year, as stated by the Ministry of Finance’s permanent secretary, Ramathan Ggoobi. As he unveiled the first quarter…
