Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee on National Economy …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has asked Finance State Minister, Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Muhammad Kivumbi objected asking for details of the disbursement, a request he said …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved the proposed government purchase of 150,000 preference shares in Roko Construction Limited worth 202 billion Shillings amidst protest from a section of MPs. On Thursday, the Deputy Speaker of Parliament Thomas Tayebwa told MPs that he had received communication from the Executive that …
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Wakiso, Uganda | THE INDEPENDENT | The Katabi Town Council National Resistance Movement-NRM Party Registrar, Muhammad Kivumbi is under fire for allegedly altering the Busiro South NRM primary election results. He is particularly accused of altering the results for the contestants including the incumbent, Peter Ssematimba, Charles Lwanga, Ronald Ssenyondwa and …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved 39.6 trillion shillings budget estimates for the coming financial year 2020/2021. The approval during the sitting chaired by Deputy Speaker Jacob Oulanyah on Thursday followed the adoption of the Budget Committee report that recommended the passing of the National Budget Framework Paper …
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