DOCSLIB.ORG

Umeme-Limited-2019-Final-Annual-Report.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Umeme-Limited-2019-Final-Annual-Report.Pdf Investing For Socio-economic Transformation ANNUAL REPORT 2019 ANNUAL REPORT 2019 REPORT ANNUAL UMEME LIMITED About the Umeme 2019 Annual Report Umeme is pleased to report to shareholders and As delegated by the Board, the Audit Committee stakeholders on the performance of Umeme for oversees the financial reporting and internal control the year ended 31 December 2019. systems, external audit, internal audit and risk management framework. The Company applies the In this report, we review our financial, operational, International Financial Reporting Standards (IFRS) economic, social, environmental and corporate and complies with the Capital Markets, Listing governance framework and performance for the Obligations and the Companies Act 2012. year ended 31 December 2019 and other material developments up to the date of the publication of The Board is accountable for the integrity and this report completeness of the Annual Report and any additional information. The Board approved the The report provides insights to the future of the annual financial statements on 20th March 2020. electricity supply industry and key material issues that the directors consider likely to impact on our ability to meet our targets and achieve good long- range prospects and business sustainability. Contents 1. List of Acronyms and Abbreviations iv 2. Strategic Report 2 2.1 Our Business 2 2.1.1 About Umeme Limited 2 2.1.2 Uganda’s Electricity Generation Capacity 3 2.1.3 Our Vision, Mission and Values 4 2.1.4 Administrative Structure 5 2.1.5 Key Shareholder Information 5 2.2 Our Distribution Footprint 6 2.3 Corporate Information 8 2.4 Performance Highlights at a Glance 9 2.5 Business Review 10 2.5.1 Key Performance Statistics 10 2.5.2 Business Efficiency and Operational Performance Review 11 2.5.3 Financial Performance Review 16 3. Chairman’s Report 18 4. Managing Directors Report 22 5. Corporate Governance 26 5.1 The Board of Directors 26 5.2 The Management Team 32 5.3 The Corporate Governance Statement 36 5.4 The Governance Structure 36 5.5 Board Committees 39 5.6 Board Meetings 41 5.7 Principal Risks and Uncertainties 43 6. Business Sustainability 46 6.1 Economic Sustainability 47 6.2 Environmental Sustainability 52 6.3 Social Sustainability 53 7. Financial Statements 63 7.1 Report of the Directors 64 7.2 Statement of Directors’ Responsibilities 67 7.3 Independent Auditor’s Report 68 7.4 Statement of Profit or Loss 73 7.5 Statement of Other Comprehensive Income 74 7.6 Statement of Financial Position 75 7.7 Statement of Changes in Equity 76 7.8 Statement of Cash Flows 77 7.9 Notes to the Financial Statements 78 7.10 Supplementary Information 141 LIST OF ACRONYMS 1 AND ABBREVIATIONS AGM Annual General Meeting BST Bulk Supply Tariff Capex Capital Expenditure CGU Cash Generating Unit DOMC Distribution, Operating and Management Costs EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation EIR Effective Interest Rate ERA Electricity Regulatory Authority ESG Environmental, Social and Governance FVOCI Fair Value through Other Comprehensive Income FVTPL Fair Value through Profit or loss GDP Gross Domestic Product GoU Government of Uganda HVE Total Energy Purchased IAS International Accounting Standards IFC International Finance Corporation IFRS International Financial Reporting Standards IFRIC International Financial Reporting Interpretations Committee ISA Internal Standards on Auditing IT Information Technology LED Light-Emitting Diode LV Low Voltage MV Medium Voltage NSSF National Social Security Fund OBA Output Based Aid OCI Other Comprehensive Income Opex Operating Expenditure PSP Power Supply Price P&L Profit and Loss PV Present Value RQ Reconciling Amount SHE Safety, Health and Environment SMT Senior Management Team SPPI Solely Payment of Principal and Interest TOU Time of Use UEDCL Uganda Electricity Distribution Company Limited UETCL Uganda Electricity Transmission Company Limited URA Uganda Revenue Authority Ushs Uganda Shillings US$ United States Dollars VAT Value Added Tax WHT Withholding Tax WIP Work In Progress IV Umeme Limited Annual Report & Financial Statements 2019 STRATEGIC 2 REPORT Our Business About Umeme Limited Umeme Limited is Uganda’s main electricity distribution As an electricity distributor, Umeme is licensed to Company, listed on the Uganda Securities Exchange and distribute and supply electricity to customers operating cross listed on the Nairobi Securities Exchange. between 33kV and 240 volts. This mandate involves; operation, maintenance and upgrade of electricity The Company operates a 20-year electricity distribution distribution infrastructure, electricity retail and provi- concession from the Government of Uganda that took effect sion of related services. The sector is regulated by the on 1st March 2005. After the electricity sector reforms Electricity Regulatory Authority (ERA), whose mandate in 1999, Uganda adopted a single buyer electricity sector includes setting operating standards, sector monitoring model, where Uganda Electricity Transmission Company and setting appropriate end user tariffs. Limited (UETCL) is the System Operator, responsible for the purchase of electricity from all Independent Power Producers, import and export of electricity and being Umeme’s sole supplier. Government of Uganda Electricity Regulatory Authority (ERA) Licence for Ownership UEGCL UETCL Distribution Supply Support UEDCL Licence Licence Agreement Trans Bujagali Operator Lease Agreement System Other IPPs Operator (Hydro / thermal) Power Sales Agreement Kenya Export / Import Tanzania Customers Generation Transmission Distribution 2 Umeme Limited Annual Report & Financial Statements 2019 Uganda’s Electricity Generation Capacity The Country had an installed capacity increased from 984 MW in 2018 to 1,253 MW following the commissioning of Isimba Hydro Power Plant (I83 MW) in March 2019 and other mini hydros. Karuma Hydro Power Plant (600 MW) is expected to achieve full commissioning by December 2020, increasing the installed capacity to 1,852 MW. Uganda Installed Capacity MW MW Years Uganda’s Electricity Value Chain Generation Source Installed Transmission Distribution (No.) Capacity (MW) Hydro (68%) 854 Mini hydro (16%) 201 UETCL Domestic Solar (4%) 50 Umeme (94.3 %) Supply Thermal (4%) 50 Co-Generation (8%) 98 Exports UEDCL (1.6%) Total 1,253 Imports 7 Others (4.1 %) Source: MEMD, UETCL and ERA Umeme Limited 3 Annual Report & Financial Statements 2019 Strategic Report - Our Business Our Vision, Mission and Values Our Vision Powering communities, business and industry for a prosperous Uganda Our Mission To supply our customers with safe, reliable electricity through an efficient distribution network and with passionate people, while delivering sustainable shareholder value. Our Aspiration Our Values Availability of electricity is one of the key drivers of the socio-economic development of any country. The energy sector has been identified as one of the critical drivers of Uganda’s pursuit for transformation from Safety low to middle income status. The electricity penetration rate is estimated at 25% for on-grid and 26% for off-grid solutions as per the household survey conducted by Uganda Bureau of Statistics. Umeme being Customer Uganda’s major distributor, is strategically positioned to play a key role in ensuring that Service the Government objectives of increasing electricity access, fostering uptake of new generation capacity and the drive to sustainable and affordable end user tariffs are achieved. Integrity We aspire to be the leading electricity distribution utility, supplying safe and reliable electricity for the economic transformation of Uganda. As an employer of choice, adopting technological solutions and financial capital, we aim to deliver sustainable Team shareholder value. Work Innovation 4 Umeme Limited Annual Report & Financial Statements 2019 Strategic Report - Our Business Administrative Structure The Company delivers its business mandate through a decentralised structure supported by the corporate headquarters. For the retail operations, the business is divided into 4 regions, composed of 25 districts and 21 service centres. Each manager is responsible and accountable to deliver the business deliverables in their respective areas. For the network assets management, networks infrastructure is divided into 2 major areas, further subdivided into 13 engineering areas. Key Shareholder Information Umeme Limited is a public Company listed on the Uganda Securities Exchange (USE) and cross listed on the Nairobi Securities Exchange (NSE). The National Social Security Fund (NSSF) owning 23% of Umeme Limited, is the current largest shareholder. The top 10 shareholders are listed on page 107 of this report. Umeme Limited 5 Annual Report & Financial Statements 2019 Our Distribution Footprint Our Electricity Distribution Footprint (11kV and 33kV, Distribution Lines) 6 Umeme Limited Annual Report & Financial Statements 2019 Our Service Centres Umeme Limited 7 Annual Report & Financial Statements 2019 Our Corporate Information Principal Place of Business and Company Secretary Registered Address SHONUBI, MUSOKE & CO ADVOCATES UMEME LIMITED SM Chambers Rwenzori House, Plot 14 Hannington Road Plot 1 Lumumba Avenue P. O. Box 23841, Kampala, Uganda P. O. Box 3213, Kampala, Uganda Tel: 0312 360 600 Email: [email protected], www.umeme.co.ug Auditors Share Registrars ERNST AND YOUNG CUSTODY AND Certified Public Accountants REGISTRAR SERVICES Plot 18 Clement Hill Road UGANDA LTD. Shimoni Office Village 12th Floor DTB Centre P.
Load more

Recommended publications
  • Digital Finance for Energy Access in Uganda
    DIGITAL FINANCE FOR ENERGY ACCESS IN UGANDA: PUTTING MOBILE MONEY BIG DATA ANALYTICS TO WORK Mayank Jain, Robin Gravesteijn, Arne Jacobson, Emily Gamble, Nicola Scarrone ABSTRACT Access to clean energy is a basic need that directly supports people’s livelihood, yet more than 30 million Ugandans live without electricity. Pay-as-you-go (PayGo) is a promising and innovative financing solution that can make clean energy affordable for low-income people. However, there remains significant knowledge gaps regarding the digital energy finance market’s size, outreach, growth and impact. This study leverages anonymized mobile money data of PayGo solar energy users in Uganda to gain insight on digital energy financing in Uganda. It also draws from a customer phone survey that assesses solar product adoption and quality of life improvements. We find that the Uganda solar market is growing rapidly and currently has around one million active customers. Around 12 percent of the Ugandan households own a solar home system and there is opportunity for further market expansion, especially in areas with high levels of mobile money penetration. The clean energy market is becoming more inter-connected with the digital finance market. In fact, digital energy financing through PayGo has promoted wider financial inclusion around 110,000 new mobile money customers. Likewise, when Uganda’s implemented a temporary mobile money tax it caused an immediate slow-down in PayGo uptake and new mobile money activations indicating it negatively impacted the country’s access to clean energy and formal finance. The customer survey result indicates that poorer customers seem equally able to purchase larger solar systems as compared to richer customers because of mobile money financing.
    [Show full text]
  • Executive Director
    JOB TITLE: EXECUTIVE DIRECTOR CLASSIFICATION: EXEMPT STATUS: FULL-TIME DEPARTMENT: EXECUTIVE REPORTS TO: BOARD OF DIRECTORS Current as of: POSITION SUMMARY The Executive Director serves as the Chief Staff Executive of the Association and the Corporate Secretary to the Board of Directors and the Association. In these capacities, the Executive Director recommends and participates in the development of plans and programs and in formulating policy; conceptualizes the Association’s entry into new areas of endeavor and prepares working documents for the use of the Board of Directors; implements the mission, goals and policies; provides support and direction to the Board of Directors, the Section & Division Chairs and the Circuit Vice Presidents; oversees Chapter relations, support and outreach; and supervises the Association’s day to day operations. The Executive Director also serves in the role of a chief operating officer and the chief financial officer of the Association and the principal contact with the Association’s General Counsel and Government Relations Counsel. Additionally, the Executive Director organizes, directs, coordinates and has full authority over the administration of the National Office of the Association, including staff organization and delegation of individual responsibilities. MAJOR DUTIES AND RESPONSIBILITIES MEMBERSHIP The Executive Director is responsible for ensuring that the Association serves the needs and interests of the Federal Bar Association membership pursuant to the FBA Mission Statement, Vision, and the Association’s Constitution and Bylaws and as directed by the Board of Directors, which is the primary policy-setting body of the Association. The Executive Director ensures that the programs, activities, and services of the Association directly benefit the members and their professional well-being.
    [Show full text]
  • Former DFCU Bank Bosses Charged Over Global Fund Scam
    4 NEW VISION, Thursday, April 3, 2014 NATIONAL NEWS Former DFCU Bank bosses charged over Global Fund scam By Edward Anyoli Lule, while employed by Lule through manipulation of 300 sub-recipients and DFCU – a company in which Former Global Global Fund foreign exchange, individuals be audited further Two former managers of DFCU the Government had shares – falsely claiming that it was and that former health minister, Bank have been charged with directed the bank to convert Fund boss Dr. commission fees for soliciting Maj. Gen. Jim Muhwezi and abuse of office, costing the $2m Global Fund money into Global Fund business. his deputies; Mike Mukula Government sh479m. the local currency at an inflated Muhebwa was last Kantuntu, Lule and Kituuma and Alex Kamugisha, be Robert Katuntu, the former foreign exchange rate of Magala (a city lawyer, who is prosecuted. managing director of DFCU sh1,839 per dollar, which was week charged with summoned to appear in court This resulted into the and Godffrey Lule, the bank’s higher than the rate of sh1,815, on April 11) are jointly facing establishment of the anti- former head of treasury, were raising a difference of sh48m. causing financial the charges with Dr. Tiberius corruption division of the yesterday charged before the On another charge, Lule Muhebwa, the former Global High Court in December Anti-Corruption Court chief is accused of fraudulently loss of sh108m Fund project co-ordinator. 2008, which has convicted magistrate. They denied the directing the bank staff to Muhebwa has been charged two suspects; Teddy Cheeye charges and were granted cash convert $1m Global Fund with causing financial loss of the presidential adviser on bail of sh3m each.
    [Show full text]
  • JOB DESCRIPTION Executive Director (Talent Management)
    JOB DESCRIPTION Executive Director (Talent Management) DIVISION: Human Resources GRADE: 140 DEPARTMENT: Talent Management WORK DAYS: Annual REPORTS TO: Chief Human Resource Officer FLSA STATUS: Exempt POSITION SUMMARY • The Executive Director (Talent Management), under the leadership of the Deputy Chief Human Resources Officer, leaDs anD oversees the HR Talent Management Organization. • This position partners with senior HR leadership to aid in the development and implementation of District wiDe HR strategies. • Oversees the work and outcomes of Talent Management Team. MINIMUM REQUIREMENTS EDUCATION: • Bachelor’s required. • Master’s preferred. CERTIFICATION/LICENSE: • PHR, SPHR, School Leadership preferred. WORK EXPERIENCE: 5 years of experience in HR leadership, public sector leadership, or school leadership. Experience in a K-12 Environment preferred. Experience working in an Urban School District preferred. KNOWLEDGE, SKILLS & ABILITIES Excellent written, oral, and interpersonal communication; listening. Ability to coach anD Develop others. Deep Knowledge of HR best practices. ESSENTIAL DUTIES • Participates in setting HR strategy, maintaining and communicating HR governance, and measuring and communicating success measures. • Manages the HR Talent Management Organization, activities anD staff, providing leaDership in the attraction, development, coaching, and rewarding of HR Talent Staff. • Works directly with the CHRO, HR Leadership team and other departments in annual workforce planning activities to ensure effective and timely staffing and alignment to the district’s budget. • Develops, manages, and monitors the recruitment, hiring, onboarding, offboarding, certification management, position management, and substitute services strategic plans for the district. • Identifies key leadership talent gaps and talent strategies to close the gaps. • Actively leads and provides subject matter expertise for large scale change initiatives and/or special projects that involve Talent Management.
    [Show full text]
  • Public Notice
    PUBLIC NOTICE PROVISIONAL LIST OF TAXPAYERS EXEMPTED FROM 6% WITHHOLDING TAX FOR JANUARY – JUNE 2016 Section 119 (5) (f) (ii) of the Income Tax Act, Cap. 340 Uganda Revenue Authority hereby notifies the public that the list of taxpayers below, having satisfactorily fulfilled the requirements for this facility; will be exempted from 6% withholding tax for the period 1st January 2016 to 30th June 2016 PROVISIONAL WITHHOLDING TAX LIST FOR THE PERIOD JANUARY - JUNE 2016 SN TIN TAXPAYER NAME 1 1000380928 3R AGRO INDUSTRIES LIMITED 2 1000049868 3-Z FOUNDATION (U) LTD 3 1000024265 ABC CAPITAL BANK LIMITED 4 1000033223 AFRICA POLYSACK INDUSTRIES LIMITED 5 1000482081 AFRICAN FIELD EPIDEMIOLOGY NETWORK LTD 6 1000134272 AFRICAN FINE COFFEES ASSOCIATION 7 1000034607 AFRICAN QUEEN LIMITED 8 1000025846 APPLIANCE WORLD LIMITED 9 1000317043 BALYA STINT HARDWARE LIMITED 10 1000025663 BANK OF AFRICA - UGANDA LTD 11 1000025701 BANK OF BARODA (U) LIMITED 12 1000028435 BANK OF UGANDA 13 1000027755 BARCLAYS BANK (U) LTD. BAYLOR COLLEGE OF MEDICINE CHILDRENS FOUNDATION 14 1000098610 UGANDA 15 1000026105 BIDCO UGANDA LIMITED 16 1000026050 BOLLORE AFRICA LOGISTICS UGANDA LIMITED 17 1000038228 BRITISH AIRWAYS 18 1000124037 BYANSI FISHERIES LTD 19 1000024548 CENTENARY RURAL DEVELOPMENT BANK LIMITED 20 1000024303 CENTURY BOTTLING CO. LTD. 21 1001017514 CHILDREN AT RISK ACTION NETWORK 22 1000691587 CHIMPANZEE SANCTUARY & WILDLIFE 23 1000028566 CITIBANK UGANDA LIMITED 24 1000026312 CITY OIL (U) LIMITED 25 1000024410 CIVICON LIMITED 26 1000023516 CIVIL AVIATION AUTHORITY
    [Show full text]
  • Buikwe District Economic Profile
    BUIKWE DISTRICT LOCAL GOVERNMENT P.O.BOX 3, LUGAZI District LED Profile A. Map of Buikwe District Showing LLGs N 1 B. Background 1.1 Location and Size Buikwe District lies in the Central region of Uganda, sharing borders with the District of Jinja in the East, Kayunga along river Sezibwa in the North, Mukono in the West, and Buvuma in Lake Victoria. The District Headquarters is in BUIKWE Town, situated along Kampala - Jinja road (11kms off Lugazi). Buikwe Town serves as an Administrative and commercial centre. Other urban centers include Lugazi, Njeru and Nkokonjeru Town Councils. Buikwe District has a total area of about 1209 Square Kilometres of which land area is 1209 square km. 1.2 Historical Background Buikwe District is one of the 28 districts of Uganda that were created under the local Government Act 1 of 1997. By the act of parliament, the district was inniatially one of the Counties of Mukono district but later declared an independent district in July 2009. The current Buikwe district consists of One County which is divided into three constituencies namely Buikwe North, Buikwe South and Buikwe West. It conatins 8 sub counties and 4 Town councils. 1.3 Geographical Features Topography The northern part of the district is flat but the southern region consists of sloping land with great many undulations; 75% of the land is less than 60o in slope. Most of Buikwe District lies on a high plateau (1000-1300) above sea level with some areas along Sezibwa River below 760m above sea level, Southern Buikwe is a raised plateau (1220-2440m) drained by River Sezibwa and River Musamya.
    [Show full text]
  • The Least Cost Generation Plan 2016
    THE LEAST COST GENERATION PLAN 2016 – 2025 EXECUTIVE SUMMARY In 2013, the Authority developed a 5 year Least Cost Generation Plan (LCGP) that covered the period 2013 to 2018. An update of the LCGP has been undertaken covering a 10 year period of 2016 to 2025. The update involved review of the load forecast in light of changed parameters, commissioning dates for committed projects, costs of generation plants, transmission and distribution system investment requirements. In the update of the plan, similar to the Power Sector Investment Plan, prepared by the Ministry of Energy and Mineral Development, the ”Econometric Demand” forecasting method was used at distribution level to forecast Commercial, Medium Industry and Large Industry customer category demand. A bottom up approach was used for Domestic customer category using the end-user method. A Base Case, Low Case and High Case scenario were developed for sensitivity analysis. The resultant demand forecast was 6.5%, 3.6% and 12% growth rate in energy demand for the Base Case, Low Case and High Case scenarios respectively. This growth rate is lower than the projection in the 2013 LCGP of 10%, 5% and 14% for Base Case, Low Case and High Case respectively. A number of energy supply options were considered including Hydro, Peat, Solar PV, Bagasse Cogeneration, Wind and Natural Gas. The planned supply considered already existing, committed and candidate generation plants/projects with their estimated commissioning dates aligned. We note that more than 80% of the generation will come from hydro. 1 In the demand supply balance, Figure E1 shows the demand and supply balance over the planning period.
    [Show full text]
  • Airtel Africa Plc Results for the Nine-Month Period Ended 31 December 2020 29 January 2021
    Airtel Africa plc Results for the nine-month period ended 31 December 2020 29 January 2021 Another quarter of double-digit growth, with continued improvement in revenue growth and EBITDA profitability Highlights • Reported revenue increased by 13.8% to $2,870m with Q3’21 reported revenue growth of 19.5%. • Constant currency underlying revenue growth was 18.6%, with Q3’21 growth of 22.8%. Growth for the nine months was recorded across all regions: Nigeria up 21.6%, East Africa up 23.4% and Francophone Africa up 8.0%; and across all services, with voice revenue up 10.4%, data up 31.1% and mobile money up 34.2%. • Underlying EBITDA for the nine months was $1,297m, up 16% in reported currency while constant currency underlying EBITDA growth was 22.5%. • Underlying EBITDA margin for the nine months was 45.5%, up by 118 bps (up 144 bps in constant currency). Q3’21 underlying EBITDA margin was 46.9%. • Operating profit increased by 21.8% to $800m in reported currency, and by 29.9% in constant currency. • Free cash flow was $466m, up 20% compared to the same period last year. • Basic EPS was 5.5 cents, down 36.5%, largely due to prior year exceptional items and a one-off derivative gain. Excluding these, basic EPS rose by 19.8%. EPS before exceptional items was 5.0 cents. • Customer base up 11.0% to 118.9 million, with increased penetration across mobile data (customer base up 23.5%) and mobile money services (customer base up 29.0%).
    [Show full text]
  • Bank of Uganda
    Status of Financial Inclusion in Uganda First Edition- March 2014 BANK OFi UGANDA Table of Contents List of Abbreviations and Acronyms ..................................................................................................... iii Executive Summary ....................................................................................................................................iv 1.0 Introduction ............................................................................................................................................. 1 2.0 Concept of Financial Inclusion ......................................................................................................... 1 3.0 Financial Inclusion Landscape for Uganda .................................................................................. 4 3.1 Data Sources ...................................................................................................................................... 4 3.2 Demand Side Indicators ................................................................................................................. 5 3.3 Supply Side Indicators .................................................................................................................... 7 3.3.1 Financial Access Indicators .................................................................................................... 7 3.3.2 Comparison of Access Indicators across Countries. ...................................................................... 14 3.3.3 Geographic Indicators
    [Show full text]
  • Crane Bank to Appeal to Supreme Court
    Plot 37/43 Kampala Road, P.O. Box 7120 Kampala Cable Address: UGABANK, Telex: 61069/61244 General Lines: (+256-414) 258441/6, 258061/6, 0312-392000 or 0417-302000. Fax: (+256-414) 233818 Website: www.bou.or.ug E-mail: [email protected] CRANE BANK TO APPEAL TO SUPREME COURT KAMPALA – 30 June 2020 – Bank of Uganda (BoU) wishes to inform the public of its decision to appeal the Court of Appeal’s dismissal of the case filed by Crane Bank Limited (in Receivership) vs. Sudhir Ruparelia and Meera Investments Limited to the Supreme Court. In exercise of its powers under sections 87(3), 88(1)(a)&(b) of the Financial Institutions Act, 2004, BoU placed Crane Bank Ltd (In Receivership) [“Crane Bank”] under Statutory Management on 20th October 2016. This decision was necessary upon discovering that Crane Bank had significant and increasing liquidity problems that could not be resolved without the Central Bank’s intervention given that Crane Bank had failed to obtain credit from anywhere else. An inventory by external auditors found that the assets of Crane Bank were significantly less than its liabilities. In order to protect the financial system and prevent loss to the depositors of Crane Bank, Bank of Uganda had to spend public funds to pay Crane Bank’s depositors. A subsequent forensic investigation as to why Crane Bank became insolvent found a number of wrongful and irregular activities linked to Sudhir Ruparelia and Meera Investments Ltd. These findings form the basis of the claims in the lawsuit by Crane Bank. The suit was necessary for recovery of the taxpayers’ money used to pay depositors’ funds as well as the other liabilities of Crane Bank.
    [Show full text]
  • Effect of Selected Insecticide on Whitefly
    Asian Journal of Agriculture and Rural Development journal homepage: http://aessweb.com/journal-detail.php?id=5005 Improving Rural Livelihood through NERICA Farming: An Inquiry into Najja Sub-county in Central Uganda Dan Makosa and Nagatada Takayanagi Department of Agricultural Economics, Tokyo University of Agriculture, Sakuragaoka, Setagaya, Tokyo, Japan Abstract New Rice for Africa (NERICA) was introduced in Uganda to help rural farmers in improving their livelihood in terms of income and food security. Using the livelihood impact analysis technique, this study sought to assess the role of NERICA in improving rural livelihood by (i) understanding the production environment (ii) exploring the marketing opportunities and challenges and (iii) highlighting the changes in livelihood outcomes. The findings indicate that upland varieties are cultivated mainly in lowland areas and rural farmers prefer early maturity attribute to high productivity. Milling places also double as selling points where buyers and sellers meet. Selling milled rice fetches more profits than paddy. The most popular asset purchased from NERICA proceeds is land. The main challenges to production and marketing are inadequate extension service and high transport costs respectively. Keywords: NERICA farming, Uganda, rural livelihood, rice marketing, livelihood impact analysis Introduction1 service reforms aimed at improving the livelihood of people in terms of income, Like in the rest of the developing world, food security and socio-economic status Ugandan farmer‟s livelihood remains in a (MAAIF, 2005). Promotion of NERICA miserable state. Agriculture, a main source (New Rice for Africa), which was first of livelihood, is subsistence characterized by developed by African Rice Center, is one of use of rudimentary tools, poor quality seeds, the initiatives adopted in this context.
    [Show full text]
  • Report to Parliament
    INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JANUARY - JUNE 2014 REPORT TO PARLIAMENT 1 JANUARY-JUNE 2014 INSPECTORATE OF GOVERNMENT JANUARY-JUNE 2014 2 REPORT TO PARLIAMENT INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JANUARY - JUNE 2014 REPORT TO PARLIAMENT 3 JANUARY-JUNE 2014 INSPECTORATE OF GOVERNMENT JANUARY-JUNE 2014 4 REPORT TO PARLIAMENT INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT HEAD OFFICE Jubilee Insurance Centre. Plot 14, Parliament Avenue. P. O. Box 1682 Kampala Tel: +256-414 344 219 | +256-414 259 738 (General lines) +256-414 255 892 | +256-414 251 462 (Hotline) +256-414 347 387 Fax: +256-414 344 810 | Website: www.igg.go.ug Vision: Mission: Core Values: “Good Governance To Promote Good Governance through Integrity, with an Ethical and enhancing accountability, Transparency Impartiality Corruption Free and the enforcement of the rule of law Professionalism Society” and administrative justice in public Gender Equality and offices Equity OFFICE OF THE INSPECTOR GENERAL OF GOVERNMENT Inspector General of Government Ms. Irene Mulyagonja Kakooza Tel: +256 414 259 723 | Fax: +256 414 344 810 +256 414 257 590 | Email: [email protected] Deputy Inspector General of Government Information and Internal Inspection Division Mr. George Nathan Bamugemereire Head: Mr. Stephen Kasirye Tel: +256 414 259780 Tel: +256 414 342113 Email: [email protected] Email: [email protected] Deputy Inspector General of Government Public and International Relations Division Ms. Mariam Wangadya Head: Ms. Munira Ali Bablo Tel: +256 414 259709 Tel: +256 414 231530 Email: [email protected] Email: [email protected] DEPARTMENT OF FINANCE AND ADMINISTRATION Secretary to the Inspectorate of Government Undersecretary finance and Administration Mr.
    [Show full text]