Tag Archives: Loan

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has raised concern over terms of the loan acquired to upgrade and expand Entebbe International Airport. Committee members led by chairperson Joel Ssenyonyi, on Thursday tasked the Minister for Finance, Planning and Economic Development Matia Kasaija, to …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has embarked on a tour of Uganda Inter-governmental Fiscal Transfer Reform (UgIFT) Programme funded seed secondary schools as a benchmark for approving a further US$90 million (Shs324bn) loan to build more schools. Led by chairperson John Bosco Ikojo, the Committee is …

Kampala, Uganda | THE INDEPENDENT | DFCU bank has been tasked to explain its move to evict 250 families in Tororo before the expiry of their loan term. Chris Sserunkuma, the in-charge of Special Assets at DFCU Bank appeared before the Physical Infrastructure Committee of Parliament on Wednesday following a petition …

Kampala, Uganda | THE INDEPENDENT | The Parliament Committee on Education has approved a 529 billion shillings loan for the Ministry of Education to construct schools in several sub-counties. According to the ministry, 116 schools will be constructed out of which 84 schools will be in non-refugee hosting districts while 32 …

IMF loan approved will be disbursed in three financial years Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has revealed that expenditure of the USD 1 billion (3.5 trillion Shillings) loan that Uganda is receiving will be tracked on a quarterly basis. The loan approved on Monday will …

Uganda will receive the loan in three installments of about 330 million dollars per financial year Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has lent Uganda One Billion US Dollars. IMF in a statement issued on Tuesday said the agreement was reached in a virtual IMF visit …

Kampala, Uganda | THE INDEPENDENT | A concerned citizen Brian Kasaija has petitioned the High Court seeking an order compelling the government not to repay 175 Million Dollars obtained from the World Bank eight years ago. According to Kasaija, the loan which is equivalent to 647.5 Billion Shillings was obtained illegally by …

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 …

Government intends to secure finances from the domestic market for the oil pipeline project Kampala, Uganda | THE INDEPENDENT | High hurdles still stand in the way to the Final Investment Decision that will see the country’s first oil come out of the ground for the crude to be transported to …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Environment Beatrice Anywar has sought parliament’s approval of a 286 billion Shillings loan request from the World Bank to restore forests in the country. Anywar presented the loan request before Parliament’s National Economy Committee alongside the Minister of State for …