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Daily Monitor Tuesday May 04 2021 A resident attached to one of the Saccos displays receipts for the money deposited to the bank as subscription fees in Pallisa District at the weekend. PHOTO/MUDANGHA KOLYANGHA Summary Residents say they are frustrated by overwhelming requirements demanded by government officials before they can access the funds. The locals have asked government to refund the savings that they deposited in commercial banks as membership and subscription fees. Advertisement A section of residents, who subscribe to the different Emyooga groups in Pallisa District, have faulted government officials for delaying the release of funds. The locals made the remarks during an Emyooga planning meeting which took place at Kalaki Primary School in Kalaki Sub-county at the weekend. ....
Daily Monitor Saturday May 01 2021 Dr Aliba Kiiza, the new chairman of the board of Microfinance Support Centre(MSC) (right) receives governance tools from Finance Minister Matia Kasaija at MSC offices on Thursday. PHOTO/ David Lubowa Summary Dr Kiiza said he was ready for the challenge, saying it had come to his attention that the MSC is now implementing two programmes: the Emyooga worth Shs183b and the Local Economic Growth Support programme valued at $10m (Shs35.8b) Advertisement Finance minister Matia Kasaija has tasked the new board of directors of the Microfinance Support Centre (MSC) to ensure effective implementation of the presidential initiative on job and wealth creation commonly known as Emyooga. ....
Stimulus package was ‘ghost’ deal for SMEs, say analysts Monday April 26 2021 An empty street on Namirembe Road in Kampala during lockdown in March last year. Small businesses did not receive the support they needed in the last year, analysts note. PHOTO / ISMAIL KEZAALA Summary Advertisement Micro, small and medium enterprises (MSMEs), which were the biggest segment of the economy that deserved some relief to stay afloat in the last 13 months, were either excluded or handed a “ghost” deal, an analysis of the stimulus package has revealed . A scrutiny by organisations SEATINI-Uganda, OXFAM, Argidius and the Federation for Small and Medium Enterprises shows that disbursement and management of the funds government allocated to the stimulus package has largely not served its intended purpose, with the biggest culprit being MSMEs. ....
Daily Monitor Thursday April 15 2021 A representative of people with disabilities during the launch of Emyooga initiative in Kabale District on June 6, 2020. Teachers say they were scrapped from accessing Emyooga funds. PHOTO | ABUBAKER LUBOWA Summary At the height of lockdown last year, Mr Museveni directed that the money be released to relieve the financial distress of teachers in private institutions. Advertisement Thousands of teachers and their supervisors at the Ministry of Education are at loggerheads over delayed access to Shs20 billion that President Museveni promised. At the height of lockdown last year, Mr Museveni directed that the money be released to relieve the financial distress of teachers in private institutions. ....
A year later, SMEs still await stimulus Tuesday April 06 2021 Closed shops in Kampala after the country recorded the first case of coronavirus in March. Businesses were ground to a standstill to limit the spread of the virus. PHOTO/Rachel Mabala Summary Economy limps. Since March 11, 2020 when Uganda reported the first case of Covid-19, several businesses and the economy suffered the wrath of the pandemic. But where is the stimulus package to help businesses bounce back? Advertisement Despite the ongoing Covid-19 vaccination programme a year after the pandemic took its toll on businesses, there is a consensus among most economists that the economy is not out of the woods yet. ....