IGG Orders Dismissal of NWSC Engineer Over Corruption and Abuse of Office
The Inspectorate of Government (IG) has directed the Managing Director of the National Water and Sewerage Corporation (NWSC), Dr. Eng. Silver Mugisha, to dismiss Ijuka Norman, an engineer at the Corporation, over charges of corruption and abuse of office. The dismissal order was signed by the Deputy Inspector General of
Gov’t to issue corporate bonds to fund state-owned enterprises
Government is exploring plans to issue corporate bonds in the upcoming financial year as a strategy to raise capital for state-owned enterprises, and to rejuvenate the country’s underperforming corporate bond market. The proposal, however, faces significant hurdles, chief among them being the lack of credit ratings for most state enterprises,
