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Finance

MPs Vote to Progress Finance Bill 2024 Despite National Protests

Views: 1 Treasury Cabinet Secretary Njuguna Ndung’u (left) and Treasury Principal Secretary Chris Kiptoo (centre) preparing to submit the proposed budget to the National Assembly Members of Kenya’s National Assembly have advanced the controversial Finance Bill 2024 despite widespread public outcry, setting the stage for intense parliamentary debates in the days leading up to the […]

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Treasury to Cut Foreign Travel, Suspend Recruitment & Halt Furniture Purchases in 2024/2025 Budget

Views: 3 Treasury Cabinet Secretary Njuguna Ndung’u has announced that the government will be suspending recruitment in the public sector as a way of reducing government expenditure. While reading the 2024/2025 Budget on Thursday, June 13, the CS indicated that the suspension would be done for one year as the government aims to balance the

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Budget 2024-25: vote allocations and proposed tax reforms

Views: 0 To jump-start the financial year beginning in July, the Minister of Finance, Planning, and Economic Development, Matia Kasaija, will continue the yearly tradition on June 13, 2024, by presenting the budget in front of members of parliament and the cabinet. This budget speech, a practice upheld by his predecessors, will be broadcast on

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New report tags poor performance on paid kindergarten education

Views: 1 Children attend class at  Nakasero Kindergarten  summary Some parents enroll their children directly in Primary One without attending pre-primary. However, such pupils face challenges with socializing, toilet habits, sounds, reading, drawing, and paying attention to the teacher. Human rights defenders have attributed the poor performance of learners to the lack of free kindergarten education

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BOU directs on shady money lending apps

Views: 4The increased number of unlicensed digital lending apps also known as spy loan apps has raised concern from the Central bank with multiple vulnerable Ugandans falling victim as data  is being sold in the dark webs to hackers.   In a May, 29 letter, the Central Bank painted a picture of unlicensed multiple payment

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Absa Bank Uganda Launches Campaign to Promote Credit Card Benefits

Views: 12 Musa Jallow, Retail and Business Banking Director and CFO Michael Segwaya join Absa Uganda staff at the launch of the Everybody deserves a Bestie Kabisa Summary Absa Bank Uganda is promoting its credit cards through the “Everybody Deserves a Bestie Kabisa” campaign, offering up to 50 interest-free days and flexible repayment options. Retail

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Ugandan fishermen cautioned as Tanzania bans ‘HurryUp’ fishing method on Lake Victoria

Views: 2Dar-es-Salam, (TZ):- Tanzania’s government through the Ministry of Livestock and Fisheries (in charge of Fisheries Sector), has come out to issue guidelines to fishermen using Lake Victoria waters to fetch fish for both commercial and home consumption in its latest mandate aimed at managing, protecting, and developing the country’s fisheries resources. The new procedures come

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S.O.N Address: Museveni reveals corruption ring at State House, Parliament, Finance

Views: 0The President, in his State of the Nation Address (S.O.N) held at Kololo Independence Grounds in Kampala, threatened to ‘crash’ public officials and politicians implicated in graft. Museveni said he had recently busted a ring of corrupt officers working in different government offices, including his own office. At State House, Museveni said, some of

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