Kampala, Uganda | THE INDEPENDENT | The government will start repaying the Kampala-Expressway loan in July. The loan worth US 350 Million Dollars (approximately 1.2 Trillion shillings) was acquired from the Exim Bank of China. In May 2011, government through Ministry of Finance signed a loan agreement with the Exim Bank …
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Kampala, Uganda | THE INDEPENDENT | President, Yoweri Museveni commissioned Isimba dam in Kayunga district. Museveni switched on four turbines of the 183MWs dam amidst cheers from high profile dignitaries who accompanied him. Construction of the dam took 47 months and cost US$ 566 million. 85% of the money was …
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US$4bn project fails to get investor again KAMPALA, UGANDA |HAGGAI MATSIKO| President Yoweri Museveni’s oil refinery project has once again suffered a major blow with a major Chinese contractor quitting. As has happened in many major infrastructure deals, frustration over in-fighting, intrigue and lobbying had already taken root with cabinet officials, …
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The Independent Uganda: You get the Truth we Pay the Price