IFRAME SYNC
Home » News » Uganda news » Museveni Returns Local Content Bill Back To Parliament
World Bank Saga: Museveni Says We Won't Bow To Pressure

Museveni Returns Local Content Bill Back To Parliament

President Yoweri Museveni has returned the National Local Content Bill, 2022 to Parliament for the second time. He asked the House to reconsider his earlier recommendations which he said have not been fully addressed. The Deputy Speaker Thomas Tayebwa made the revelation as he chaired the House yesterday.

In his letter dated 1st August 2023, the President details sections that ought to be reviewed by the House. This is before the Bill is enacted. Museveni said clause 1(g) should be amended to allow the Minister of Trade, Industry, and Cooperatives negotiate the local content in the agreements to the extent possible.

The clause states that “a local content act shall apply to a local content entity whose activities are financed through public borrowing or such arrangements”.

Museveni noted that “This is not practical since each development partner has its own policies and guidelines that are negotiated before the commencement of the project,”

The president further proposed that clause 7 of the Bill be amended. This should include locally manufactured goods and services in the East African Community Market. This is opposed to the Bill’s proposal for preference of goods and services readily available on the market.

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About Eninu William

Meet William, a seasoned news editor with a five-year experience in the fast-paced world of journalism. William's passion for storytelling and commitment to accuracy have propelled him through various roles. As a news editor, his responsibilities extend beyond just overseeing the day-to-day operations of a news team. He plays a crucial role in shaping the editorial direction of his publication, ensuring stories are not only timely and relevant but also adhere to the highest journalistic standards. With a finger on the pulse of current events and a deep understanding of the ever-evolving media landscape, William is always ahead of the curve.
Loading...
x

Check Also

Muwadda Nkunyingi Embarrassed For Posting Fake Letter Of Government Apology To US Ambassador

Muwadda Nkunyingi Embarrassed For Posting Fake Letter Of Government Apology To US Ambassador

Hon. Nkunyingi Muwadda has been left embarrassed after he posted a fake letter alleging that ...