News & Up­dates:

The Private Sector Foundation Uganda (PSFU) has called upon Parliament to align national policies to the National Planning Framework that is premised on the Vision 2040, annual budgets and Ministerial Policy Statements.

They also called for timely processing of oversight reports like accountability and audit reports, to ensure remedial actions are undertaken in time.

PSFU led by Executive Director Francis Kisirinya and the Board of Directors, who had paid a courtesy visit to the Speaker of the Parliament Jacob Oulanyah, observed that the business community invests based on national plans.

They were concerned that sometimes actions and policies outside these Government plans have been taken that end up affecting the business sector.

Kisirinya challenged Parliament to ensure that the annual budget financing creates a balance between revenue mobilization and the needs of growing the private sector in Uganda.

He urged the Speaker to find a mechanism through which business laws can be quickened. He urged the Speaker to allow for the return of the Local Content Bill in the 11th Parliament for consideration and the passing of the NSSF (Amendment) Bill.

The PSFU asked the Speaker to create provision for continuous dialogue by Parliament Committees with the private sector.

In response to the concerns raised by PSFU, the Speaker said that he was delighted to have met the sector. He called for continued engagement to enhance the capabilities of the private sector which can help the country grow.

Oulanyah said the vision is to have an economy that is private-sector led, adding that there is a need to enable the private sector to live up to its billing.