KAMPALA â€“ MPS donâ€™t see any reason why the Government should guarantee loans taken by big investors. They would rather that in instances of joint ventures between the Government and big-cash investors, the Government guarantees only its stake in the venture, and the investor takes care of the other portion. The MPs on the finance committee were yesterday debating the Public Finance Accountability Bill 2002, over which they are slated to meet the finance minister early next week.
KAMPALA â€“ The Tax Appeals Tribunal yesterday upheld a decision by the Uganda Revenue Authority (URA) not to refund over sh273m to a UK pre-shipment inspection company, saying URA properly collected the money. Intertek Testing Services International Limited had requested the tribunal to order for a refund of the money raised by Uganda Revenue Authority from its (Intertekâ€™s) bankers as uncollected withholding tax. Intertek was registered in Uganda in 1998 as a foreign company.
KAMPALA â€“ The Rotary Club of Kampala North has honoured a Sironko veteran educationist, Lecoboam Zesaguli Namboga, for his dedicated service to the country. The former district education officer received his certificate of distinguished service last week during a colourful ceremony at the Nile Hotel. Budadiri West MP, Nandala Mafabi, was the chief guest. Last yearâ€™s award was given to former Lacor Hospital Medical Superintendent, the late Dr. Matthew Lukwiya.