• Latest
Budget Committee Approves UGX21Bn for Church Land Compensation

Budget Committee Approves UGX21Bn for Church Land Compensation

December 21, 2021
URA Records Shs11 billion Surplus In March

URA Toughens on Rental Income Tax, Deploys Tax Compliance Technology

May 21, 2022
Civic Education on Property Tax to Start in Mbarara City

Civic Education on Property Tax to Start in Mbarara City

May 21, 2022
Operation Shujaa: Locals Hail UPDF, DR Congo Army for Scaling Down ADF Atrocities

Operation Shujaa: Locals Hail UPDF, DR Congo Army for Scaling Down ADF Atrocities

May 21, 2022
Over 100 NUP Supporters Cross to NRM in Omoro

Over 100 NUP Supporters Cross to NRM in Omoro

May 21, 2022
Respect Human Rights, Gen Balikuddembe tells UPDF Troops in Karamoja

Respect Human Rights, Gen Balikuddembe tells UPDF Troops in Karamoja

May 21, 2022
Historic Masjid Mbogo Gets Shs212m Facelift

Historic Masjid Mbogo Gets Shs212m Facelift

May 21, 2022
Commonwealth Games 2022: Team Uganda Launched as Gov’t Sets Aside Shs7.1bn for Athletes

Commonwealth Games 2022: Team Uganda Launched as Gov’t Sets Aside Shs7.1bn for Athletes

May 20, 2022
Sheebah Named West Lake Water Brand Ambassador

Sheebah Named West Lake Water Brand Ambassador

May 20, 2022
Uganda Economy Grew by 3.8% Despite Covid Impact – Budget Committee

Uganda Economy Grew by 3.8% Despite Covid Impact – Budget Committee

May 20, 2022
Stanbic Bank Commits Shs100m Towards National Tree Planting

Stanbic Bank Commits Shs100m Towards National Tree Planting

May 20, 2022
Kadaga Nominated to be Among Selection Board for Cremer-Passey Prize

Kadaga Nominated to be Among Selection Board for Cremer-Passey Prize

May 20, 2022
72nd Makerere Graduation: Muhumuza Julia Emerges Best MUBS Student

72nd Makerere Graduation: Muhumuza Julia Emerges Best MUBS Student

May 20, 2022
SoftPower News
Saturday, May 21, 2022
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result

Budget Committee Approves UGX21Bn for Church Land Compensation

Parliament’s Budget Committee on Monday agreed to approve a total of 21 billion Shillings budget meant to compensate the Church of Uganda for its land taken by government to expand Entebbe International Airport.

by Muhamadi Byemboijana
December 21, 2021
Budget Committee Approves UGX21Bn for Church Land Compensation

Archbishop Stephen Kazimba Mugalu

  • Facebook
  • Tweet
  • WhatsApp
  • Telegram
  • Email

Parliament’s Budget Committee on Monday agreed to approve a total of 21 billion Shillings budget meant to compensate the Church of Uganda for its land taken by government to expand Entebbe International Airport.

The committee had earlier rejected this request from the Ministry of Finance that was part of a bigger 3.8 trillion supplementary budget.

Legislators sitting on the Budget Committee on Monday held a closed meeting and agreed to sign a report approving the funds for the church land.

The report is expected to be presented before the House on Tuesday during a plenary sitting for consideration.

The Budget Committee vice chairperson, Ignatius Mudimi Wamakuyu confirmed the development saying that this outstanding arrears totalling to 21.25 billion Shillings will compensate the Church of Uganda for their land used by government to expand Entebbe Airport and establish Ministry of Agriculture offices.

He explains that his committee earlier halted the approval of the money following a technical problem that was detected.

Wamakuyu says that the request was put under the Ministry of Lands budget but when asked to justify the money, the ministry officials were ignorant about the request.

Wamakuyu says that by the time the Ministry of Finance wrote to the committee indicating that the request is transferred under the Uganda Land Commission budget, his committee had concluded its report and already supplied to MPs.

“So that is why we are revisiting this item that was straight forward but not considered at the time,” he said.

Wamakuyu further said that the money is urgently required by Church of Uganda since the institution also has outstanding obligations to settle.

Igara East MP, Michael Mawanda also noted that this supplementary budget was just deferred pending additional information from the Ministry of Finance.

He said that the Budget committee has now deemed it necessary to clear the funds.

Mawanda added that government ought to pay this money to the Church of Uganda which is also in debt regarding the Church House building along Kampala road. He says that this money will be a big relief towards the debt.

The Church of Uganda, led by the Archbishop the Most Rev. Stephen Kaziimba Mugalu is currently undertaking fundraising to clear the 48 billion Shillings debt for the Church House building located along Kampala road.

Equity bank extended 41 billion Shillings to the Church of Uganda towards the construction of the 16 storey building and currently is owed 40 Billion Shillings. The 8 Billion Shillings is owed to different individuals and entities.

Kaziimba has in the past said that completing the debt will help the Church in its self-governance drive.

In 2017, Equity Bank threatened to take over the structure which was valued at 58.8 Billion Shillings upon completion.

In 2018, the bank again threatened to auction the building after the Church failed to service its loan and accumulated arrears.

To construct the building, Christians and well-wishers contributed about 10.8 Billion Shillings through fundraising but since the money was inadequate, the Church acquired a loan from Equity Bank through its business arm, the Church Commissioners Holding Company Limited in 2010.URN

Post Views: 22
  • Facebook
  • Tweet
  • WhatsApp
  • Telegram
  • Email
Tags: ArchbishopChurch house LoanChurch of UgandaEquity BankSoftPower NewsStephen Kazimbatopnews
Leave Comment

Recent Stories

URA Toughens on Rental Income Tax, Deploys Tax Compliance Technology

Civic Education on Property Tax to Start in Mbarara City

Operation Shujaa: Locals Hail UPDF, DR Congo Army for Scaling Down ADF Atrocities

Over 100 NUP Supporters Cross to NRM in Omoro

Respect Human Rights, Gen Balikuddembe tells UPDF Troops in Karamoja

Historic Masjid Mbogo Gets Shs212m Facelift

SoftPower News

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

error: Content is protected

Send this to a friend