World Bank Provides US$300 Million Additional Financing To Boost Service Delivery Through Local Governments in Uganda
The World Bank Board of Directors today approved $300 million in additional financing to the Uganda Intergovernmental Fiscal Transfers Program for Results (UgIFT) to boost local governments (LGs) service delivery in education, health, water and environment, and micro irrigation, including in areas hosting large populations of refugees. The financing includes a credit of $240 million and a grant […]
Electronic Government Procurement (EGP) To Counteract Corruption.
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District leaders blasted over resisting e-GP
The director of local governments’ inspections, John Genda Walala has blasted district leaders who are resisting e-Government Procurement (e-GP) in preference to the traditional method of submitting bids for tenders. Walala accused the district local government officials handling procurements for insisting on having bids submitted for tenders in a hardy copy instead of electronically. “Who are you […]
Benson Turamye Is New Executive Director PPDA.
The newly-confirmed Public Procurement and Disposal of Public Assets Authority (PPDA) executive director has highlighted fighting corruption in the procurement system as top priority.”Mr Benson Turamye was confirmed as the substantive executive director on Monday after serving 26 months in acting capacity.Mr Turamye said he will ensure that the procurement process is faster and more […]
Uganda’s 40 trillion budget for the FY 2019/20 reading
EAC budgets signal new wave of huge borrowing
East Africa’s finance ministers presented expansionary budgets with ambitious revenue targets that are likely to be missed. This could lead to more borrowing amid rising concerns over looming debt distress. In Uganda, Matia Kasaija presented a Shs40.5 trillion ($10.7b) budget, a 21 per cent rise from the Shs32.7 trillion ($8.7b) to fund increased spending on […]
Oil revenue investment advisory committee inaugurated
CThe Minister of Finance and Economic Development Matia Kasaija has inaugurated the petroleum revenue investment committee. The committee will be tasked to decide where the money from the country’s oil sector would be invested. The seven-member committee will be headed by 55-year-old Prof Samuel Sejjaka, a banker and former board chairman of Uganda Development Bank. […]