Political Interference in Emin Pasha Loan Dispute Threatens Uganda’s Credit Stability
Summary by BigEye.UG
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1 Articles
Political Interference in Emin Pasha Loan Dispute Threatens Uganda’s Credit Stability
The unfolding saga involving Prism Construction, the Ministry of Education and Sports (MoES), and Equity Bank Uganda has laid bare serious dysfunctions within Uganda’s public financial governance. At the center of the storm is a UGX150 billion commercial loan taken by businessman Kennedy Losuk Lokule from Equity Bank to develop the Emin Pasha Lake View Residence, a luxury property in Muyenga. Lokule, through his company Prism Construction, had a…
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