Tag Archives: debt

Fort Portal, Uganda | THE INDEPENDENT | The official vehicle of the Fort Portal city mayor has been impounded by court bailiffs over a debt amounting to 37 million Shillings. The impounded vehicle is an Isuzu double cabin registration number LG 0009 116, which the City Mayor, Edson Asaba Ruyonga has been …

Kampala, Uganda | THE INDEPENDENT | The Minister of Works and Transport, Gen. Edward Katumba Wamala, has told Parliament that road works across the country have been constrained by a Shs 585 billion debt to contractors. “Yesterday [16 November], the Uganda National Roads Authority told the Committee on Commissions, Statutory Authorities and …

New York, U.S. | Xinhua | The U.S. dollar’s rise compounds excruciating problems of debt sustainability for scores of low- and middle-income countries, propelling them to diversify reserve currencies, reported Foreign Affairs in mid-October. The dollar “is everyone’s problem, to paraphrase an aphorism from John Connally, the former U.S. Treasury secretary,” …

Nairobi, Kenya | THE INDEPENDENT | The International Monetary Fund, the World Bank and national lenders like the US, China and Japan are yet to agree on the modalities of debt relief for poor countries, as eligible ones remain reluctant to apply. A few countries have been processing their requests …

They want government to create centralized data system on debt | THE INDEPENDENT | Uganda government should enhance transparency during the acquisition of loans so as to improve accountability for the acquired loans according to civil society organizations. Jane Nalunga, the executive director SEATINI Uganda, Patrick Tumwebaze, the executive director, …

2nd African conference held on debt accountability mechanism Kampala, Uganda  | IAN KATUSIIME | Fears about growing debt in African countries led to the hosting of the second African conference on Debt and Development that happened simultaneously in five African countries. Uganda Debt Network (UDN), a national advocacy organisation on …

Kampala, Uganda | THE INDEPENDENT | Experts have asked the government to compile a ‘Domestic Arrears Register’ to improve accountability in debt management. This according to experts would also help the public and suppliers to track the unpaid government financial obligations. In February, the Ministry of Finance, Planning, and Economic Development reported …

Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …

Kampala, Uganda | THE INDEPENDENT | Uganda acted prudently by going slow on the Standard Gauge Railway (SGR) project which meant delays in borrowing at least USD 2.3 billion or more than Shillings 8trillion, according to experts. This is the estimated cost for only the Malaba-Kampala stretch, but the whole project connecting …

  Why it is the world’s poor – 70% of whom live in Africa – who will bear the brunt of Putin’s war COMMENT | ROBAH AREZKI AND MAHMOUD MOHIELDIN | The world’s breadbasket is being wrecked by war. Ukraine and Russia together account for 30% of global wheat and …