Climate Finance Mobilization in Uganda

Total Page:16

File Type:pdf, Size:1020Kb

Climate Finance Mobilization in Uganda CLIMATE FINANCE MOBILIZATION IN UGANDA THE MOST VIABLE OPTION Robert Bakiika Christine Mbatuusa Anthony Mugeere, PhD Anna Amumpiire ACODE Policy Research Paper Series No. 102, 2020 CLIMATE FINANCE MOBILIZATION IN UGANDA THE MOST VIABLE OPTION Robert Bakiika Christine Mbatuusa Anthony Mugeere, PhD Anna Amumpiire ACODE Policy Research Paper Series No. 102, 2020 Published by ACODE P. O. Box 29836, Kampala Email: [email protected]; [email protected] Website: https://www.acode-u.org Citation: Bakiika, R., Mbatuusa, C., Mugeere, A., Amumpiire, A. (2020). Climate Finance Mobilization in Uganda: The most viable financing option, Kampala: ACODE. Policy Research Paper Series No. 102. © ACODE 2020 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher. ACODE policy work is supported by generous donations and grants from bilateral donors and charitable foundations. Reproduction or use of this publication for academic or charitable purposes or for purposes of informing public policy is excluded from this restriction. ISBN: 978-9970-56-725-6 Cover Illustration: CONTENTS LIST OF ACRONYMS AND ABBREVIATIONS .......................... III EXECUTIVE SUMMARY ...............................................................VI 1. BACKGROUND TO THE STUDY ............................................. 1 1.1 Introduction ............................................................................................................................1 1.2 Problem statement ..............................................................................................................1 1.3 Rationale ...................................................................................................................................1 1.4 Objectives and tasks .........................................................................................................2 1.5 Methodology and approach .........................................................................................2 1.6 Limitations...............................................................................................................................3 2. CLIMATE CHANGE AND CLIMATE FINANCING NEEDS IN UGANDA ................................................................................... 4 2.1 Climate change and its dimensions ...........................................................................4 2.2 Financing needs to address climate change impacts .......................................5 3. LESSONS FROM GLOBAL CLIMATE FINANCE ARCHITECTURE AND NATIONAL CLIMATE FUNDS .......... 5 3.1 Understanding climate finance .....................................................................................5 3.2 Global financing windows for climate action .......................................................6 3.3 LDCs responses to mobilizing climate finance and their drivers ................6 3.4 Impacts, value addition and lessons of NCFs in south ......................................9 4. LESSONS OF OTHER FINANCIAL ARRANGEMENTS IN UGANDA .................................................................................. 9 4.1 Case studies of selected financing arrangements in Uganda .......................9 4.1.1 National Environment Fund, Wildlife Fund and National Tree Fund .................................10 4.1.2 Road Fund ..............................................................................................................................................................................................10 4.1.3 Uganda Energy Credit Capitalization Company ......................................................................................... 11 4.1.4 aBi Trust, Agricultural Credit Facility, Yield Uganda Fund and Agricultural Insurance Scheme ........................................................................................................................................................................... 11 4.1.5 Bwindi Mgahinga Conservation Trust (BMCT) .............................................................................................12 4.1.6 Environmental Conservation Trust (ECOTRUST) and Uganda Biodiversity Fund ................................................................................................................................................................................................................13 4.2 Emerging lessons form case studies ........................................................................ 13 5. ASSESSMENT OF VIABLE CLIMATE FINANCE MECHANISM FOR UGANDA ..................................................13 i | Scoping Study on Climate Finance Mobilisation 5.1 Voices from some stakeholders ................................................................................ 13 5.2 Basic enabling factors for a national climate financing mechanism ........14 5.3 Scope, functions and structure of a national climate financing mechanism ............................................................................................................................ 15 5.4 Evaluating options for suitability national climate financing mechanism .......................................................................................................................... 17 5.5 Relationship between preferred climate financing mechanism and the Tree Fund ............................................................................................................................... 19 5.6 Ways to support capitalization of the national climate financing mechanism .......................................................................................................................... 19 6. CLIMATE FINANCE CAPITALIZATION AND MRV FOR CLIMATE FINANCE ................................................................20 6.1 Capacity and capitalization ...................................................................................... 21 6.2 MRV for climate finance ................................................................................................. 21 7. RISKS AND THEIR MITIGATION MEASURES ..................... 23 8. CONCLUSION ......................................................................... 26 REFERENCES ............................................................................. 27 ANNEX: List of Respondents Interviewed ...................................................................30 List of Figures Figure 1: Ideal National Climate Finance Mechanism .................................................................................................16 Figure 2 Comparative assessment of alternative climate finance delivery mechanisms 18 Box 1 Proposed Content for a potential climate financial mechanism ...............................................25 List of Tables Table 1. Criteria groups and aspects used to assess alternative climate financing options ..........................................................................................................................................................................................................3 Table 2: Examples of NCFs by specific financing function ...................................................................................7 Table 3: Prioritisation of investments eligible from selected NCFs ............................................................. 8 Table 4 Elements of MRV of climate finance ‘received’ .........................................................................................22 Table 5 Potential high risks and mitigation measures of the alternative NCGF ........................23 Scoping Study on Climate Finance Mobilisation | ii LIST OF ACRONYMS AND ABBREVIATIONS aBi Agriculture Business Initiative ACF Agricultural Credit Facility ACODE Advocates Coalition for Development and Environment AF Adaptation Fund BMCT Bwindi Mgahinga Conservation Trust BOU Bank of Uganda CBO Community Based Organisation CDKN Climate and Development knowledge Network CSO Civil Society Organisation EAC East African Community EMLI Environmental Management and Livelihood Improved Bwaise Facility ENR Environment and Natural Resources EU European Union FAO Food and Agriculture Organisation of the United Nations FONAFIFO National Forestry Financing Fund (in Spanish) FONERWA National Fund for Environment (in French) GCF Green Climate Fund GDP Gross Domestic Product GEF Global Environment Facility GHG Greenhouse gas GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit GNI Gross National Income iii | Scoping Study on Climate Finance Mobilisation IFMS Integrated Financial Management System LDCs Least Developed Countries Fund LG Local Government LULUCF Land Use and Land Use Change and Forestry MDA Ministry, Department and Agency MoFPED Ministry of Finance, Planning and Economic Development MRV Measurement, Reporting and Verification MTEF Medium Term Expenditure Framework MWE/CCD Ministry of Water and Environment/Climate Change Department NAMA Nationally Appropriate Mitigation Actions NAPA National Adaptation Plans of Actions NARO National Agriculture Research Organisation NCCP National Climate Change Policy NCFs National Climate Funds NCGF National Climate Green Fund NDCs Nationally Determined Contributions NDP National Development Plan NEF National Environment Fund NEMA National Environment Management Authority NFA National Forestry Authority NCFs National Climate Funds
Recommended publications
  • 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]
  • Annual Report | Uganda Development Bank Ltd
    2019 ANNUAL REPORT | UGANDA DEVELOPMENT BANK LTD 2019 Annual Report Improving livelihoods of Ugandans i www.udbl.co.ug 2019 ANNUAL REPORT | UGANDA DEVELOPMENT BANK LTD Our Mandate “To operate as Uganda’s Development Finance Institution, particularly through interventions in priority sectors and in line with the Government of Uganda’s development priorities” Purpose Statement “To improve the Quality of Life of Ugandans” High Impact Goals Reduce Poverty Build a Industrialize in Uganda – Sustainable Food Uganda – Create Uplift 500,000 System in Uganda Ushs 4 trillion in people out of – Relieve 1,000,000 industrial output poverty by 2024. people out of by 2024. hunger by 2024. ii 2019 ANNUAL REPORT | UGANDA DEVELOPMENT BANK LTD Table of Contents Minister’s Company Governance Foreword Overview Pg30 Pg03 Pg09 Operating Sustainability Financial Environment Report Sustainability Pg59 Pg64 Pg107 Human Financial Capital Statements Pg113 Pg117 iii 2019 ANNUAL REPORT | UGANDA DEVELOPMENT BANK LTD Definitions Value of Output: This is the measure of total economic activity in the production of new goods and services in an accounting period for the UDB funded projects. It is a much broader measure of the economy than the gross domestic product (GDP), which is limited mainly to final output (finished goods and services). Tax contribution: Refers to the annual direct or indirect taxes paid by funded projects. These include corporation tax, PAYE, VAT (18%), customs taxes, etc. Foreign exchange earnings: Refers to the foreign currency generated by funded projects expressed in Uganda Shillings equivalent. The foreign currency generated includes earnings arising from the export of goods and services Jobs created and maintained: Refers to the total number of permanent and temporary workers employed by funded projects and are paid a wage or income.
    [Show full text]
  • A GUIDE to START APPLICANTS START Facility Processes, Guidelines and Services
    START HANDBOOK: VOLUME 2 A GUIDE TO START APPLICANTS START Facility Processes, Guidelines and Services START HANDBOOK VOLUME 2: A Guide to START Applicants | START Facility Processes, Guidelines and Services 1 EUROPEAN UNION © United Nations Capital Development Fund Uganda Country Office Published by the Development Initiative for Northern Uganda, United Nations Capital Development Fund (DINU|UNCDF) Programme with the support of the European Union. Plot 4 Ngabo Road Kololo, Kampala, Uganda All rights reserved. The designations employed and the presentation of material on the maps and graphs contained in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations or UNCDF concerning the legal status of any country, territory, city or area or its authorities, or concerning the delimitation of its frontiers or boundaries. Graphic Design by Rachel Kayana START HANDBOOK: VOLUME 2 A GUIDE TO START APPLICANTS START Facility Processes, Guidelines and Services EUROPEAN UNION NOVEMBER 2020 CONTENTS ACRONYMS ...........................................................................................................................................................................II FOREWORD ........................................................................................................................................................................... 1 INTRODUCTION ....................................................................................................................................................................
    [Show full text]
  • The Uganda Institute of Banking and Financial Services
    THE UGANDA INSTITUTE OF BANKING AND FINANCIAL SERVICES MINUTES OF THE ANNUAL GENERAL MEETING HELD AT THE BANK OF UGANDA WESTERN GARDENS ON FRIDAY 21st JUNE 2019. PRESENT: The attendance list is provided under Schedule I to the minutes. RECORD OF ATTENDANCE: A record of attendance of members at the Annual General Meeting is provided under Schedule II to the minutes. IN ATTENDANCE: 1. Ms. Alice Nalwoga and Francis Kalanda- representing M/S Sebalu & Lule Advocates, Company Secretary. 2. Mr. Yunus Musoke - representing M/S Grant Thornton, the External Auditors. ADOPTED AGENDA: 1. Opening Prayer 2. Ascertainment of quorum, registration of proxies and apologies 3. Confirmation of Minutes of Previous Meeting and Matters Arising 4. Welcome Remarks by the Board Chairman and presentation of the Board Report 5. Presentation of Accounts and Auditor’s Report 6. Appointment of External Auditors for the year 2019 7. Appointment and re-election of a director 8. Ratification of reappointment of directors 9. Appointment / election of board and council members 10. Appointment / election of Council President and Deputy Council President 11. Remarks by the Council President 12. Remarks by the Patron 13. Closing prayer. Page 1 of 26 DELIBERATIONS MINUTE DISCUSSION AND RESOLUTION LED BY MIN 1/06/19 WELCOME REMARKS AND OPENING PRAYER The Chief Executive Officer (C.E.O), Mr. Anthony Mulindwa, Mr. Anthony Mulindwa welcomed all members in attendance to the meeting. He further welcomed the Board members and recognized the presence of the representative of the Patron as well as the Council President, Fellows, Associates, students and other members of the Institute.
    [Show full text]
  • IG Report to Parliament July to December 2018
    BI-ANNUAL INSPECTORATE OF GOVERNMENT PERFORMANCE REPORT TO PARLIAMENT JULY – DECEMBER 2018 Inspectorate of Government Report to Parliament July - December 2018 a Mandate To promote just utilization of public resources Vision A responsive and accountable public sector Mission To promote good governance, accountability and rule of law in public office Core Values Integrity Impartiality Professionalism Gender Equality and Equity b Inspectorate of Government Report to Parliament July - December 2018 To promote just utilization of INSPECTORATE public resources OF GOVERNMENT A responsive and accountable public sector BI-ANNUAL INSPECTORATE OF GOVERNMENT To promote good governance, PERFORMANCE REPORT TO PARLIAMENT accountability and rule of law in public office Integrity Impartiality Professionalism Gender Equality and Equity JULY – DECEMBER 2018 Inspectorate of Government Report to Parliament July - December 2018 c d Inspectorate of Government Report to Parliament July - December 2018 Inspectorate of Government Report to Parliament July - December 2018 e THE LEADERSHIP OF THE INSPECTORATE OF GOVERNMENT Justice Irene Mulyagonja Kakooza Inspector General of Government Ms. Mariam Wangadya Mr. George Bamugemereire Deputy Inspector General of Deputy Inspector General of Government Government Ms. Rose N. Kafeero Secretary to the Inspectorate of Government f Inspectorate of Government Report to Parliament July - December 2018 THE INSPECTORATE OF GOVERNMENT Jubilee Insurance Centre, Plot 14, Parliament Avenue P.O. Box 1682 Kampala, Uganda General Lines: 0414-255892/259738 l Hotlines: 0414-347387/0312-101346 Fax: 0414-344810 l Email: [email protected] l Website: www.igg.go.ug Facebook: Inspectorate of Government l Twitter: @IGGUganda YouTube: Inspectorate of Government OFFICE OF THE INSPECTOR GENERAL OF GOVERNMENT Inspector General of Government Justice Irene Mulyagonja Kakooza Tel: 0414-259723 l Email: [email protected] Deputy Inspector General of Government Deputy Inspector General of Government Mr.
    [Show full text]
  • Court Case Administration System
    Court Case Administration System http://judccas/ccas/causelistmaker2.php?todate=23-02-2018&fromdate=1... THE REPUBLIC OF UGANDA IN THE HIGH COURT OF UGANDA(HCT) AT KAMPALA CIVIL REGISTRY CAUSELIST FOR THE SITTINGS OF : 19-02-2018 to 23-02-2018 MONDAY, 19-FEB-2018 HON.MR.JUSTICE BEFORE:: STEPHEN MUSOTA Case Case Sing Time Pares Claim Posion number Category Type HCT-00- Hearing - Miscellaneous MWERU MICHEAL VS UN CONDITIONAL LEAVE TO APPEAR AND DEFEND UNDER 1. 09:30 CV-MA- Applicant's Applicaon ANATOLIA ENTERPRISES LTD THE SUIT /COSTS BE PROVIDED FOR PLEADINGS 0819-2017 case HCT-00- SETTING ASIDE DISMISSAL ORDER /SUIT BE Hearing - Miscellaneous NYAKANA DUNCAN VS UNDER 2. 09:30 CV-MA- RESTORED AND AND BE HEARD ON ITS OWN MERIT Applicant's Applicaon ATTORNEY GENERAL PLEADINGS 0625-2017 /COSTS case HCT-00- Hearing - Miscellaneous CASE 3. 09:30 CV-MA- D.W.KIWANUKA VS A.G. AN ORDER OF MANDAMUS Applicant's Applicaon RE-INSTATED 0263-2003 case HCT-00- NICHOLAS KWARIJA VS Hearing - Miscellaneous SETTING ASIDE THE DISMISSAL ORDER OF THE MAIN UNDER 4. 09:30 CV-MA- NATIONAL RESISTANCE Applicant's Applicaon SUIT /COSTS BE PROVIDED FOR PLEADINGS 0868-2017 MOVEMENT -NRM case HCT-00- NAKEEBA DAN 06 OTHERS VS 01STAND 2ND RESPONDENTS BE DISCHARGED FROM Hearing - Miscellaneous UNDER 5. 09:30 CV-MA- JOSEPH BAMWEBEHEIRE AND BEING REPRESENTATIVES IN CS NO102 /2009 Applicant's Applicaon PLEADINGS 0652-2017 O2 OTHERS DURING EXECUT case HCT-00- HON. BEATRICE A. ATIM& PENDING 6. 09:30 CV-CS- Civil Suits ANOTHER VS ATTORNEY PUNITIVE DAMAGES& OTHERS Menon HEARING 0154-2012 GENERAL HCT-00- NICKSON AGASIIRWE DECLARATIONS /PERMANENT INJUNCTION /RELEASE Hearing - Miscellaneous UNDER 7.
    [Show full text]
  • Today's Accountant Magazine Issue 19
    The Magazine for The Institute of Certified Public Accountants of Uganda (ICPAU) ISSUE 19, AUGUST 2019 CPA Patricia Ojangole: The transformation of Artificial Uganda Development Bank intelligence (AI) and the future of accountancy The Revised and Taxing Income from Restructured Code of illegal activities Ethics for professional Accountants Value Your Business Certified Public Accountants (CPAs) possess business advisory skills that are relevant to your business growth Always Seek the services of CPAs The Secretary, ICPAU, Plot 42 Bukoto Street, Kololo, P.O. Box 12464, Kampala, Tel: 0393 - 262333 / 265590 Email: [email protected], Website: www.icpau.co.ug @ICPAU1 ICPAU in Institute of Certified Public Accountants of Uganda Unlock your Business Potential Value Your Business Certified Public Accountants (CPAs) possess Are you an employer business advisory skills that are relevant to or business owner? your business growth Do you wish to grow your business to greater heights? Then Certified Public Accountants Always Seek the services of CPAs (CPAs) are your ideal business partners. CPAs posses the requisite training and skills in; financial management and reporting, business law, audit, professional values & ethics, The Secretary, management decision making & control, with ICPAU, Plot 42 Bukoto Street, Kololo, P.O. Box 12464, Kampala, business advisory, tax and strategic Tel: 0393 - 262333 / 265590 Email: [email protected], management. Website: www.icpau.co.ug With a CPA on your team, you can be sure to @ICPAU1 ICPAU in Institute of Certified Public Accountants of Uganda soar high in today’s dynamic business world. Always seek the services of a CPA The Secretary, ICPAU, Plot 42 Bukoto Street, Kololo, P.O.
    [Show full text]
  • Report 2018/19 ANNUAL REPORT 2018/2019 REINVENTING NEWS THROUGH DIGITAL Vision Group 02 Annual Report 2018/19
    Vision Group 01 Annual Report 2018/19 ANNUAL REPORT 2018/2019 REINVENTING NEWS THROUGH DIGITAL Vision Group 02 Annual Report 2018/19 About Us New Vision Printing & Publishing Company Limited started business in March 1986. It is a multimedia business housing newspapers, magazines, internet publishing, televisions, radios, commercial printing, advertising and distribution services. The Company is listed on the Uganda Securities Exchange. Our Vision A globally respected African media powerhouse that advances society Mission To be a market-focused, performance-driven organisation, managed on global standards of operational and financial efficiency Values • Honesty • Innovation • Fairness • Courage • Excellence • Zero tolerance to corruption • Social responsibility Vision Group Vision Group 03 Annual Report 2018/19 Annual Report 2018/19 03 Annual Report For The Financial Year Ended June 30, 2019 Introduction The purpose of this annual report is to provide information for shareholders that will enable them to assess how the directors have performed their duty to promote the success of the company’. This Annual Report contains forward looking statements within the meaning of disclosure of planned actions and the estimated economic benefits of the planned actions All statements contained in this annual report other than statements of historical fact, including statements regarding our future results of operations, operations, financial position, our business strategy and plans and our objectives for future operations are forward looking statements. These forward looking statements are subject to a number of risks, uncertainties and assumptions which may cause actual results to differ materially from those contained in any forward looking statements we may make. Given these risks and uncertainties for these forward looking statements, readers are cautioned not to place undue reliance on such statements.
    [Show full text]
  • Report to Parliament
    INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JULY – DECEMBER 2013 INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JULY – DECEMBER 2013 INSPECTORATE OF GOVERNMENT 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 with an To Promote Good Governance Integrity Ethical and Corruption Free through enhancing accountab Impartiality Society” ility,Transparency and the Professionalism enforcement of the rule of law and administrative justice in Gender Equality public 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 Deputy Inspector General of Government George Nathan Bamugemereire Mariam Wangadya Tel: +256 414 259 780 Tel: +256 414 259 709 Email: [email protected] Email: [email protected] Information and Internal Inspection Division Public and International Relations Division Head: Mr. Stephen Kasirye Head: Ms. Munira Ali Bablo Tel: +256 414 342 113 Tel: +256 414 231 530 Email: [email protected] Email: [email protected] DEPARTMENT OF FINANCE AND ADMINISTRATION Secretary to the Inspectorate of Government Undersecretary finance and Administration Mr. Bageya Waiswa Ms Glory Anaŋun Tel: +256 414 259 788 Tel: +256 414 230 398 Fax: +256 414 257 590 Email: [email protected] Email: [email protected] DIRECTORATES DIRECTORATE OF OPERATIONS DIRECTORATE OF EDUCATION AND Ag Director Operations PREVENTION OF CORRUPTION Hajji Abon Muzamil Director Education and Prevention of Tel: +256 414 346 116 Corruption Email: [email protected] Mr.
    [Show full text]
  • Annual Report 2018/19 01 ANNUAL REPORT 2018/2019 REINVENTING NEWS THROUGH DIGITAL Vision Group 02 Annual Report 2018/19
    Vision Group Annual Report 2018/19 01 ANNUAL REPORT 2018/2019 REINVENTING NEWS THROUGH DIGITAL Vision Group 02 Annual Report 2018/19 About Us New Vision Printing & Publishing Company Limited started business in March 1986. It is a multimedia business housing newspapers, magazines, internet publishing, televisions, radios, commercial printing, advertising and distribution services. The Company is listed on the Uganda Securities Exchange. Our Vision A globally respected African media powerhouse that advances society Mission To be a market-focused, performance-driven organisation, managed on global standards of operational and financial efficiency Values • Honesty • Innovation • Fairness • Courage • Excellence • Zero tolerance to corruption • Social responsibility Vision Group Annual Report 2018/19 03 Annual Report For The Financial Year Ended June 30, 2019 Introduction The purpose of this annual report is to provide information for shareholders that will enable them to assess how the directors have performed their duty to promote the success of the company. This Annual Report contains forward looking statements within the meaning of disclosure of planned actions and the estimated economic benefits of the planned actions All statements contained in this annual report other than statements of historical fact, including statements regarding our future results of operations, financial position, our business strategy and plans and our objectives for future operations are forward looking statements. These forward looking statements are subject to a number of risks, uncertainties and assumptions, which may cause actual results to differ materially from those contained in any forward looking statements we may make. Given these risks and uncertainties for these forward looking statements, readers are cautioned not to place undue reliance on such statements.
    [Show full text]
  • IG Report to Parliament July
    INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JULY – DECEMBER 2014 REPORT TO PARLIAMENT 1 JULY – DECEMBER 2014 INSPECTORATE OF GOVERNMENT JULY – DECEMBER 2014 2 REPORT TO PARLIAMENT INSPECTORATE OF GOVERNMENT INSPECTORATE OF GOVERNMENT REPORT TO PARLIAMENT JULY – DECEMBER 2014 REPORT TO PARLIAMENT 3 JULY – DECEMBER 2014 INSPECTORATE OF GOVERNMENT JULY – DECEMBER 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 and Professionalism Society” administrative justice in public offices Gender Equality and 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 Deputy Inspector General of Government Mr. George Nathan Bamugemereire Ms. Mariam Wangadya Tel: +256 414 259780 Tel: +256 414 259709 Email: [email protected] Email: [email protected] Information and Internal Inspection Division Public and International Relations Division Head: Mr. Stephen Kasirye Head: Ms. Munira Ali Bablo Tel: +256 414 342113 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]
  • Annual Report
    ECONOMIC RESILIENCE THROUGH SUSTAINABLE DEVELOPMENT FINANCE ANNUAL REPORT 2020 — Uganda Development Bank Ltd Plot 6 Nakasero Road Rwenzori Towers, 1st Floor, Wing B, P.O Box 7210, Kampala, Uganda Tel: +256 (0) 414 355 550, (0) 312 355 500 Website: www.udbl.co.ug Email: [email protected] ii 2020 Annual Report | [email protected] | www.udbl.co.ug 2020 Annual Report | [email protected] | www.udbl.co.ug 1 TABLE OF CONTENTS ORGANIZATIONAL STRUCTURE 27 ABBREVIATIONS & ACRONYMS 2 ENGAGING OUR STAKEHOLDERS 28 UGANDA DEVELOPMENT DEFINITIONS 3 “ BANK HAS CONTINUED GOVERNANCE 39 OUR MANDATE 4 TO BE A TRUSTED AGENCY CHAIRMAN’S STATEMENT 40 PURPOSE STATEMENT 4 IN IMPLEMENTING KEY BOARD OF DIRECTORS 43 HIGH IMPACT GOALS 4 STRATEGIC INITIATIVES OF MANAGING DIRECTOR’S STATEMENT 44 MINISTER OF FINANCE FOREWORD 5 GOVERNMENT, ESPECIALLY IN THE EXECUTIVE TEAM 50 AVAILING CREDIT TO FINANCE KEY PRIORITY SECTORS 6 GOVERNANCE STATEMENT 51 PRIVATE INVESTMENTS IN KEY KEY LENDING TERMS 6 SECTORS OF THE ECONOMY AT AFFORDABLE INTEREST RATES. CROSS-CUTTING PRIORITIES 7 EXECUTIVE COMMITTEE 52 Hon. Matia Kasaija, Minister of Finance, Planning & Economic Development COMPANY OVERVIEW 11 OPERATING ENVIRONMENT 83 BANK’S FOOTPRINT 12 SUSTAINABILITY REPORT 91 WHO WE ARE 13 PERFORMANCE OVERVIEW 94 OUR FUNDING MODEL 15 FINANCIAL SUSTAINABILITY 117 OUR BUSINESS MODEL 16 HUMAN CAPITAL 125 SUSTAINABILITY STRATEGY 24 FINANCIAL STATEMENTS 131 ii 2020 Annual Report | [email protected] | www.udbl.co.ug 2020 Annual Report | [email protected] | www.udbl.co.ug 1 2 2020 Annual Report | [email protected]
    [Show full text]