Friday 24 November 2017
(New Vision 06/06/13)
Uganda cut its key lending rate for the first time in six months on Thursday, with the central bank citing easing inflationary pressures, weaker-than-thought household consumption and a stronger-than-expected local currency. Governor Emmanuel Tumusiime-Mutebile said the bank's Monetary Policy Committee was cutting the Central Bank Rate (CBR) by 100 basis points to 11 percent. This, he said, should be a signal to commercial banks to cut their rates. "Given the improvement in the inflation forecast and the need to further stimulate domestic demand to support the economy in 2013/14, the Bank of Uganda will reduce the CBR by 1 percentage point to 11 percent," Tumusiime-Mutebile told reporters. Core inflation, the governor said, would stabilise around the bank's medium term target...
(In2 East Africa 06/06/13)
The Government will develop a framework to train local people to engage in community tourism, Maria Mutagamba, the minister of tourism, wildlife and antiquities has said. “We would like to develop the capacity of our people to start using what they have locally to attract tourists,” she said. The Minister said this recently during a meeting with Maria Baryamujura, the 2013 winner of the prestigious African Diaspora World Tourism Award and a leading consultant on community tourism. At the meeting which took place in the Minister’s office at Famer’s house on Parliament Avenue, on Wednesday, Baryamujura presented Mutagamba with the certificate she received in recognition for her outstanding work. She also shared useful tips on community tourism. “We have got...
(Daily Monitor 06/06/13)
Dr Asuman Lukwago, the permanent secretary in the Ministry of Health Ministry is expected to appear before the Anti Corruption Court, tomorrow, to answer charges that link him to the alleged theft of over Shs1 billion from Global Fund. On May 28, the court’s Chief Magistrate, Ms Irene Akankwasa issued a warrant of arrest directing police to arrest Dr Lukwago for snubbing previous summons. Once he voluntarily fails to appear in court tomorrow, Dr Lukwago risks being arrested and produced in the Kololo-based court. Dr Lukwago allegedly conspired with three people to steal the said money from the ministry's Global Fund Project. The offense allegedly happened between November and December last year. He is jointly charged with Mr Ponziano Nyeko,...
(Business Daily 06/06/13)
Japan hosted the fifth meeting of TICAD, the Tokyo International Cooperation on African Development this week. The meeting is a reminder that, while the rest of the world obsesses over Europe’s economic travails, America’s political paralysis and growth slowdown in China and other emerging markets, there remains a region — sub-Saharan Africa — where poverty is almost the rule, not the exception. From 1990 to 2010, the number of people living in poverty ($1.25 per day) across sub-Sahara Africa rose from less than 300 million to nearly 425 million, while the number living on less than $2 a day grew from about 390 million to almost 600 million. Still, the proportion of those living in poverty declined from 57 per...
(Daily Monitor 06/06/13)
Six Stanbic Bank staff were yesterday charged with causing loss of Shs298 million meant for pensioners. The money in question, that was irregularly withdrawn, was meant for about 34 pensioners. The suspects, who appeared before the Anti-Corruption Court include Mr Denis Mpanga, 31, the manager of Stanbic Bank Kikubo branch in Kampala, Ms Aisha Nalumansi Mubiru, 30, a supervisor at the same branch, Mr Robert Muhoozi, 46, the manager at Mpigi branch, Mr Fred Mulindwa, 45, a banker, Mr Bright Twinamasiko, 28, teller at Cooperate branch in Kampala and Ms Hanifah Nakanjako, 34, a manager. The seventh suspect, Mr Molisto Abaine, a former cashier, did not appear in court for plea taking, prompting court to issue warrant of arrest for...
(In2 East Africa 06/06/13)
President Yoweri Museveni is set to deliver the State of the Nation address to Parliament later in the afternoon at Kampala Serena Hotel. Under Article 101 (1) of the Constitution of the Republic of Uganda, the President is mandated, at the beginning of each Session of Parliament, to deliver to Parliament an address on the State of the Nation. The State of the Nation address precedes the presentation of the national budget. Finance minister, Maria Kiwanuka will Thursday next week present the budget for 2013/14 financial year. The President is expected to outline his government’s priorities over the next financial year. New Vision Online will keep you posted on the developments of this year’s address. By Henry Sekanjako, The New Vision
(The Observer 06/05/13)
Pet Oil, a Turkish independent petroleum exploration and development company, has officially joined the long list of companies interested in Uganda’s petroleum industry. The firm has already registered a Ugandan subsidiary, Pet Oil Uganda Limited, in preparation for the next round of licensing. Pet Oil Uganda has established a contact office, hired Makanga Munonya as its publicist, and named Chris Mubiru of Kalenge, Bwanika, Ssawa and Company Advocates the legal advisors. Dr M Ali Ak, the general manager of Pet Oil, told journalists at Serena hotel last week that the company was eagerly waiting for government to lift a moratorium on licensing. “We are making ourselves ready for the next round of competitive bidding. We have been reading through the...
(Redpepper 06/05/13)
While making the announcement, Minister of State for Investment Ajedra Gabriel said the 74 entities were issued up to 184 hectares of land but have never taken any action beyond acknowledging the offers. The Government through the Ministry of Finance, Planning and Economic Development has announced Tuesday that it will revert 184 hectares of land which was allocated to investors, but never developed in the last three years to Uganda Investment Authority. The land is part of 1066 hectares which was in 2009 placed up for bids, in the process of developing the Kampala Business Industrial Park (KIPB) located in Namanve along Kampala Jinja highway. While making the announcement, Minister of State for Investment Ajedra Gabriel said the 74 entities...
(Redpepper 06/05/13)
President Yoweri Museveni has tasked members of the East Africa Legislative Assembly-EALA to champion the sensitization of East African citizens on the integration process. According to Museveni, many people in the region are ignorant about the objectives and benefits of forming the East African Community, which has slowed down its integration. Museveni made the observation during his State of the EAC Address in a special sitting of the East African Legislative Assembly in Kampala on Wednesday. He tasked the EALA MPs to use their mandate in the East African Community Treaty to preach economic and political integration. Museveni also called upon EAC member states to participate in the full implementation of the treaty by removing non tariff barriers saying much...
(24 Tanzania 06/05/13)
The president of the Uganda National Chamber of Commerce and Industry, Olive Kigongo, has been elected vice-chairperson of the East African Business Council (EABC).Olive Kigongo is the head of the Uganda National Chamber of Commerce. Olive Kigongo is the head of the Uganda National Chamber of Commerce .She was elected during the 14th Annual General Meeting of the EABC in Arusha, Tanzania over the weekend. Vimal Shah from Kenya was elected chairperson for the next one year, taking over from former finance minister Gerald Ssendaula. The EABC is the apex body of business associations of the private sector and corporates from the EAC member states. The council was established to foster and promote the interests of the EAC business community,...
(The Associated Press 06/05/13)
Uganda's president came to power in 1986 as an idealistic former Marxist rebel who denounced power-hungry African leaders. Nearly three decades later, President Yoweri Museveni is now accused by some in the opposition — and others who served prominently under him — of becoming the type of politician he once despised. Museveni travels the world in a private jet paid for by taxpayers and recently added two new Mercedes Benz limousines to his convoy. Some say he wants to rule for life, while others worry that Museveni, in the style of some other African strongmen, is trying to groom his son as the country's future leader. That charge was given credence by the defection last month of an army general...
(Voice of America 06/05/13)
Global hunger, poor nutrition and obesity are costing the world trillions of dollars in health costs and lost productivity, according to a new report from the U.N. Food and Agriculture Organization (FAO). The FAO report says fighting hunger is not enough. Tackling the more complex problem of malnutrition calls for action across the entire food system, from farm to fork. About 870 million people worldwide are hungry, according to the FAO. But malnutrition is about more than just hunger. “Two billion people are deficient in essential vitamins and minerals," said FAO's Kostas Stamoulis. "One child in four under the age of five is stunted. And 1.4 billion people are overweight.” The FAO report says the combined effects of all these...
(Redpepper 06/04/13)
he Electoral Commission is today dispatching the polling kit for Butebo-by election ahead of the Election Day on Thursday this week. Engineer Badru Kiggundu, the EC chairman, today called on the designated candidates’ agents to report to the district returning officer by tomorrow at 6:00am and observe the dispatch of the polling kit to their respective sub counties. Kiggundu adds that they have made adequate administrative, logistical and security arrangements to ensure that all the 90 polling stations in Butebo get their materials in time for the polls to commence. Joseph Biribonwa, the EC secretary, assures all candidates of security saying they have a polling constable for each polling station but the number shall increase depending on the threat foreseen...
(New Vision 06/04/13)
The Democratic Party (DP) has advised the government to allocate enough funds in the next national budget to sectors which will improve the social-economic welfare of majority Ugandans. Finance minister, Maria Kiwanuka, will present the budget for 2013/2014 financial year to Parliament on Thursday next week. President Yoweri Museveni is to give the Sate of Nation address to Parliament on Thursday this week. Addressing journalists at the party headquarters in Kampala, DP legal advisor, Fred Mukasa Mbidde and the newly appointed party spokesperson Dr. Michael Lulume Bayiga proposed to the government to ensure that more priority is given to the agriculture sector and the health sectors. Dr. Lulume (MP for Buyikwe South), who is also the shadow minister for health,...
(Redpepper 06/04/13)
Over 1,800 reserve force soldiers in greater Masaka region have threatened to lay down their tools over salary arrears. The disgruntled soldires claim that they have not been paid salary arreras that amounts to over shs10bn. “We have been patient enough while demanding for our arrears for the past 3 years,” one of the reserve soldiers said while addressing a press briefing at Baroda building along Elgin street in masaka town on Monday. “we have resolved to lay down our tools in two weeks unless president Yoweri Museveni intervenes to address our plight.” They further stressed that some of their colleagues have been recruited and integrated into the Uganda Police Constables (SPCs) but for them they have been left to...
(New Vision 06/04/13)
China ’s 30 years of miracle economic growth and development into the world’s second economy is not a haphazard phenomenon but a consequence of the foundation laid by Confucius (Kung Tzu). He said, “To harvest for a year, plant a seed; for 10 years plant a tree; and for 100 years teach the people”. Though such scientific thinkers blundered by denying the existence of God and spirit beings, they helped mankind to settle many myths and explore the creative abilities God endowed them with. He emphasised mathematical and science subjects, because such subjects stimulate thinking and discovery. They enable us to understand principles that operate in our natural environment like physics: speed, acceleration, elasticity, tension, gravity, force, radiation, refraction, sound...
(In2 East Africa 06/04/13)
With more emphasis and enforcement from Kampala Capital City Authority (KCCA) approximately sh10m is collected in terms of fines within a week from illegal business in the city centre, spokesperson Peter Kaujju revealed. Kaujju said that illegal businesses are highest among street traders and hawkers. According to a weekly prosecution activity report from the authority for the week ending May 30, 2013 sh1.1m was collected from street traders, people operating businesses without licenses and hawkers operating business illegally. He explains that approximately sh8.8m was collected as fines from individuals who were becoming a nuisance in the city by operating businesses in unhygienic areas. “We have arrested, charged and fined over 47 suspects and 42 have been convicted, some have been...
(New Vision 06/04/13)
Allow me to comment on a few issues were raised in Dr. Kisamba Mugrwa’s article entitled ‘Agricultural extension services: Lessons for Uganda’, that appeared in the New Vision’s Harvest Money magazine pull out of Tuesday April 16th 2013 that need further deliberation including whether we really have leant any lessons and to what extent have we put these lessons to use to benefit our peasant farmers. To me the article in question express some kind of frustration by both the President and the authors. The issues raised in the article seem to imply that they were not consulted as the tone seem to indicate a high degree of frustration caused by the pronouncements that contradicted the NAADs principles. The most...
(Times of Zambia 06/04/13)
Yokohama — THE three-day fifth Tokyo International Conference on African Development (TICAD V) meeting yesterday drew to a close here with participants unanimously adopting the 2013 Yokohama Declaration and Yokohama Action Plan 2013-2017. Japanese Prime Minister Shinzo Abe, who was the co-chairperson of the event, paid tribute to the African leaders who attended the meeting. Mr Abe said at Pacifico Yokohama Conference Centre that Japan wanted to see Africa develop and was determined to help the continent find lasting solutions to its problems. Moving a motion to adopt the two documents, he said Japan would ensure the resolutions of the conference were fully implemented to accelerate development in Africa. The two documents were unanimously adopted by acclamation. He reiterated his...
(Daily Monitor 06/03/13)
Democratic Party President Norbert Mao says he has assumed full authority as the party spokesperson until the National Executive Committee chooses a substantive publicity secretary following the suspension of Paul Kenneth Kakande. Addressing a weekly media briefing in Kampala today, Mr Mao said the party constitution gives him powers to speak for the party but he had delegated the role to the deputy publicity secretary, who instead disappointed him. “He (Kakande) is free to continue doing his publicity work, where he is, (explaining how good DP is) but was stripped of the privilege to address the weekly press briefings where we articulate party policies, which he opposes,” Mr Mao said. According to Mr Mao, NEC is expected to sit in...

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