Budget
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National
Prioritise domestic revenue mobilisation to curb external borrowing, ICPAU boss urges gov’t
ENTEBBE – The government has been tasked to boost domestic revenue mobisilisation as one way of curbing external borrowing which has hindered the faster development of the country. While speaking at the…
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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Cooperatives & Communities
Government urged not to rush PDM
LIRA – The government has been advised not to hurry the implementation of the Parish Development Model [PDM] but prioritise working on the mindsets of the beneficiaries of the programme aimed at…
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News
Lack of funds hinders completion of Fort Portal City head office
FORT PORTAL – The construction of the headquarters of Fort Portal City Council still hangs in balance due to lack of money. In 2010, the then Fort Portal Municipal Council embarked on…
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Cooperatives & Communities
Busia Municipality begins disbursement of PDM funds
BUSIA – Busia Municipality yesterday launched the distribution of Parish Development Model [PDM] funds to the beneficiaries in eight parishes so that they can engage in commercial production and fight household poverty.…
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Finance & Banking
IMF extends over Shs 400bln loan to Uganda
KAMPALA – The Executive Board of the International Monetary Fund [ IMF ] has concluded the fourth review of Uganda’s Extended Credit Facility [ECF], enabling the country to get an additional loan…
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News
Nebbi district budget cut by 12 percent
NEBBI – Nebbi district councillors have passed an estimated budget of Shs 36.4 billion for the financial year 2023/2024, which is a decline of 12 percent when compared to Shs 41bln budget…
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News
Mbarara City approves Shs 67.7bln budget for next financial year
MBARARA – Mbarara City councillors have passed a draft budget of Shs 67.7 billion for the next financial year 2023/2024 which kicks off on July 1, 2023. John Kavigi, the chairperson social…
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News
Lack of funds frustrates road works in Mbarara City
MBARARA – The mayor of Mbarara City, Robert Mugabe Kakyebezi has said the completion of road works in the city is slow due to the delay in the release of funds from…
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Cooperatives & Communities
PSST Ggoobi: SACCOs in Uganda have grown to over 30,000
The number of Savings and Credit Cooperative Organisations [SACCOs] in Uganda has increased to 33,000, according to the Permanent Secretary and [PSST] Secretary to the Treasury, Ramadhan Ggoobi. According to Ggoobi, there…
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