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Mr Museveni on June 4, 2020 highlighted crucial areas his government would focus on in building an independent economy, integrated and self-sustaining while, co-operating with other African. ....
The highs and lows of 10th Parliament Saturday May 22 2021 Summary On May 11, the 10th Parliament was dissolved after a five-year term that commenced in May 2016. The disbandment of the House paved way for the MPs-elect swearing-in this week, which ran from May 17 to 20. This will be followed by the election of Speaker and Deputy on May 20 at Kololo. As the 11th Parliament commences, Esther Oluka looks back at the performance of the previous House. Advertisement On May 11, Speaker of 10th Parliament Rebecca Kadaga ended business of the House after a long day’s plenary. “I want to assure Honourable Members and citizens (that) a motion will be moved in the second sitting of the new (11th) Parliament to reinstate business which has not been completed and under Rule 325 of the Rules of Procedure, this business must be handled in the first session of Parliament,” Ms Kadaga told MPs in her concluding remarks. ....
ATM transactions have doubled in the last decade while usage of cheques fell by 57% ATM transactions have doubled in the last decade while usage of cheques fell by 57% [Image: File Photo] The volume of ATM transactions in Fiji doubled from 12.6 million transactions in 2010 to 23.2 million at the end of 2019. This is according to the Reserve Bank of Fiji’s presentation to the Parliamentary Standing Committee on Justice, Law and Human Rights on the National Payment Systems Bill 2020. RBF’s Governor, Ariff Ali says EFTPOS transactions have tripled since 2010, from 1.8 million transactions to 5.4 million at the end of 2019. In the last 5 years, the usage of internet banking transactions grew by 109%. ....
By November next year, banking institutions will be able to transact business in real-time. Ryan Straughn, Minister in the Ministry of Finance, made the announcement, on Wednesday at the opening ceremony for the new branch of the City of Bridgetown (COB) Cooperative Credit Union at Six Road s St Philip. Straughn revealed all of the key players had been working assiduously for the past two years to get the systems going. He stressed that real-time banking will make conducting business with Government and financial institutions easier for micro, small and medium enterprises. “We have given a mandate that we want to make it as easy for people to do business with Government, and for the Government to do business with people. . . . the coconut vendor at the side of the road on Sunday morning, the hairdresser, the barber, the person who has the small shop, and the doctor. We want to be able to onboard technologically these persons, such that we are able to break down ....