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A $235.4 million loan, which translates to about Shs868b has been approved by Parliament for the construction of a host of roads. The roads are Namugumba – Budadiri – Nalugugu (29km), Katuna – Muko -Kamuganguzi road (104km) and Laropi – Moyo - Afoji (Sudan border) which is 37km. Making a case for
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On Tuesday, the State Minister for Planning David Bahati tabled a request of UGX 1.09 trillion before parliament to help in the fight against Covid-19 Bahati told parliament that the money will be borrowed from the World Bank and the IMF. According to the request laid out by the Minister, UGX89b will
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Members of Parliament have asked the National COVID-19 Response Fund to withdraw a letter to corporate and private companies that seeks to solicit money from salaried employees to be used in the fight against the novel coronavirus disease. A letter from the National task force circulated on social media on Sunday,
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The proposed Constitutional Amendment Bill by the Ndorwa East MP, Hon Wilfred Niwagaba hangs in balance due to financial implications it poses on the national treasury. This was revealed by the State Minister for Finance (Planning), Hon David Bahati on Wednesday, 26 February 2020 while appearing before the Legal and Parliamentary
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State Minister of Finance for Planning David Bahati has survived a planned assassination plot, The Tower Post has learnt. State owned newspaper New Vision has reports that the Chieftaincy of Military Intelligence (CMI) has in custody suspects in connection to the planned ploy to end the politician’s life. This website however couldn’t
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Parliament has approved government’s request to issue promissory notes worth US$379.71 million to finance the construction of the International Specialised Hospital of Uganda in Lubowa, Wakiso. The international hospital is intended to treat non-communicable diseases. The Minister of State for Finance, Hon. David Bahati said in a statement presented to Parliament that
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Government has come up with a new position on the infamous Mobile Money tax and Over The Top services (OTT) tax, commonly known as the social media tax. This was announced by Finance Minister David Bahati on Tuesday morning at a Press Conference held at the Uganda Media Centre. According to Bahati,
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The Minister of State for Planning, David Bahati, has listed has listed companies that the Uganda will grant tax exemptions in the next financial year as government seeks to woo more investors into the east African land locked country. Minister Bahati told the Parliamentary Committee on Budget chaired by Ntenjeru North
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