Tag Archives: debt

Kampala, Uganda | THE INDEPENDENT | Kansai Plascon, Uganda’s paint company has contributed a sum of Shs20million to support Church of Uganda in reducing the debt it incurred during construction of Church House. The contribution was handed over to the Archbishop of the Church of Uganda and Bishop of Kampala Rt. …

There is more of expanding markets than harmonization, experts say Kampala, Uganda | JULIUS BUSINGE | The East African member states have been urged to tangibly manage debt and harmonise tax regimes to support growth of the East African Community. Speaking at a dialogue, on Feb.11 held in Kampala, under …

Once the bill clears the Senate, senior lawmakers will have until March 11 to reach an agreement on how to fund the government for the remainder of the fiscal year Washington, U.S. | Xinhua | The U.S. House of Representatives on Tuesday passed a short-term bill to extend federal government funding …

Gulu, Uganda | THE INDEPENDENT | Gulu city is choking on unpaid debt of 3.8 Billion Shillings. The money is meant for the payment of utility bills like electricity and water supplies for the various offices, allowances for elected leaders, and fuel among others. Alfred Okwonga, the Gulu City Mayor says …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Jacob Oulanyah has fulfilled his pledge of Shs100 million to the Church of Uganda. This is part of his contribution to the Church House campaign dubbed Love Gift which is aimed at clearing a Shs60 billion debt owed to Equity Bank. …

Kampala, Uganda | THE INDEPENDENT | Uganda’s total debt stock grew to 67.4 trillion Shillings by the end of the financial year 2020/21 in June, according to the Bank of Uganda. This shows a debt to GDP ratio of 45.5 percent, in contrast to earlier estimates of almost 50 percent, which …

Washington, U.S. | Xinhua | World Bank Group President David Malpass said on Wednesday that the COVID-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a “tragic reversal” in development. “It’s already pushed nearly 100 million people into extreme poverty. That’s the added number in extreme poverty,” …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has said the new $900 million (about 3.1 trilling Shilling) loan government plans to borrow from the International Monetary Fund -IMF will not cause a substantial increase of Uganda’s rising public debt. Responding to questions at Uganda Media …

 To borrow or not to borrow for infrastructure? Kampala, Uganda | IAN KATUSIIME | Julius Kapwepwe, the director of programmes at Uganda Debt Network, a debt monitoring NGO, Uganda’s national says, to control the country’s spiraling debt, the Ministry of Finance officials must ask themselves some questions every time they …

It holds 62% of Africa’s bilateral debt which rose from 1% of GDP to over 15% in a decade  COMMENT | PAOLA SUBACCHI | The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, …