Daily News Briefs 5/22/14 Stand warned of donations from Oil companies

Local governments within Bunyoro region have been cautioned against reaching out to oil companies for aid. “Yes they have the money and can do anything. What will happen if they delivered a vehicle and exaggerated the cost which you cannot verify?” Buhaguzi Member of Parliament Mr. Bigirwa Julius asked.

Mr. Julius’s warning came after a request by Mr. Godfrey Sserwanja, the Hoima District Education Officer to officials of China National Offshore Oil Corporation (CNOOC) to buy the education department a vehicle.

These companies are here to make money. You should be careful of making these companies appear like quasi governments. These are businesses.

NSSF monthly saving increased by 84 per cent

During the second annual Customer Connect week on 20th May 2014, the National Social Security Fund (NSSF) acting Managing Director, Ms Geraldine Ssali Busuulwa announced that workers’ savings to NSSF have increased from Ugx46.5billion to Ugx58billion per month. NSSF has registered 83 per cent compliance from the private sector thereby increasing the funds.

The profit for the half also increased to Ugx156billion from Ugx123billion during the financial year 2012/13.

Budaka District budget unveiled

Budaka District Council approved a Ugx14.1billion budget estimate for the financial year 2014/15. The estimate shows an increase of more than Ugx4billion as compared to the last financial year 2013/14. The District Finance Secretary, Mr. Arthur Mboizi, noted the district had planned to collect Ugx10.7billion but for the 2013/14 financial year but only realized Ugx8.2billion.

Poverty levels in Uganda drop down

Uganda has kept on path to achieve its Millennium Development Goal for poverty reduction by 2015. According to a report released on 19 May 2014 by the African Development Bank (AfDB) at the annual meeting in Kigali revealed that absolute poverty is continuing to drop.

The National Household Survey (NHS) statists for 2012/13 show that absolute poverty has dropped from 24.5% in 2009 to 22.2% in 2012/13.

Speaker Kadaga wants industries promoted

The Honorable Speaker of Parliament Honorable Kadaga Rebecca has called upon all leaders at different levels to promote the country’s indigenous industries across the East African region.

Kadaga, who paid a visit to Roofings Industries complex in Namanve Industrial Park on 21st May 2014, expressed concern over the lack of adequate information on the capacity of Uganda’s local leading firms. “This has greatly affected the works and profitability of such industries,” Kadaga added. There is need for leaders to come in and advocate for the local industries. This will be a great opportunity to the local industries to expand and increase profits.

Local governments within Bunyoro region have been cautioned against reaching out to oil companies for aid. “Yes they have the money and can do anything. What will happen if they delivered a vehicle and exaggerated the cost which you cannot verify?” Buhaguzi Member of Parliament Mr. Bigirwa Julius asked.

Mr. Julius’s warning came after a request by Mr. Godfrey Sserwanja, the Hoima District Education Officer to officials of China National Offshore Oil Corporation (CNOOC) to buy the education department a vehicle.

These companies are here to make money. You should be careful of making these companies appear like quasi governments. These are businesses.

NSSF monthly saving increased by 84 per cent

During the second annual Customer Connect week on 20th May 2014, the National Social Security Fund (NSSF) acting Managing Director, Ms Geraldine Ssali Busuulwa announced that workers’ savings to NSSF have increased from Ugx46.5billion to Ugx58billion per month. NSSF has registered 83 per cent compliance from the private sector thereby increasing the funds.

The profit for the half also increased to Ugx156billion from Ugx123billion during the financial year 2012/13.

Budaka District budget unveiled

Budaka District Council approved a Ugx14.1billion budget estimate for the financial year 2014/15. The estimate shows an increase of more than Ugx4billion as compared to the last financial year 2013/14. The District Finance Secretary, Mr. Arthur Mboizi, noted the district had planned to collect Ugx10.7billion but for the 2013/14 financial year but only realized Ugx8.2billion.

Poverty levels in Uganda drop down

Uganda has kept on path to achieve its Millennium Development Goal for poverty reduction by 2015. According to a report released on 19 May 2014 by the African Development Bank (AfDB) at the annual meeting in Kigali revealed that absolute poverty is continuing to drop.

The National Household Survey (NHS) statists for 2012/13 show that absolute poverty has dropped from 24.5% in 2009 to 22.2% in 2012/13.

Speaker Kadaga wants industries promoted

The Honorable Speaker of Parliament Honorable Kadaga Rebecca has called upon all leaders at different levels to promote the country’s indigenous industries across the East African region.

Kadaga, who paid a visit to Roofings Industries complex in Namanve Industrial Park on 21st May 2014, expressed concern over the lack of adequate information on the capacity of Uganda’s local leading firms. “This has greatly affected the works and profitability of such industries,” Kadaga added. There is need for leaders to come in and advocate for the local industries. This will be a great opportunity to the local industries to expand and increase profits.

 

About M. B. Mugisa

Mustapha Barnabas Mugisa is one of those rare people who provides business consulting and advisory to professionals and corporate entities who demand the very best. He is a prolific speaker and governance (strategy and risk) expert. His speaking involves making key notes at major conferences and business events on both technical subjects and leadership skills. A change agent and motivational speaker. Mustapha provides tools and proven methodologies to remarkable results through making people appreciate change. Visit Mustapha's LinkedIn profile to know more. Mustapha is the architect of #WinningMindset Leadership and #WinningTheGame strategy approach that combines Harvard Business strategy Playing To Win, with the Blue Ocean Strategy and Balanced Score Card to deliver a strategy that is easy to execute and monitor. Visit www.mustaphamugisa.com for special insights to improve your condition. Are you too good to be great?

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