US EditionYet Again!! Parliament Approves 2 Trillion Loan for Uganda’s Budget and Mityana–Fort Portal Road
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Yet Again!! Parliament Approves 2 Trillion Loan for Uganda’s Budget and Mityana–Fort Portal Road
Uganda is set to receive a major financial boost after Parliament approved a loan worth 2 trillion shillings. This money is expected to help the government cover critical shortages in the national budget and complete important development projects. One of the key projects that will benefit from this loan is the Mityana–Fort Portal road, which has long needed attention and improvement. The decision by Parliament to approve the loan comes at a tim…
Uganda Sinks Deeper Into Debts As Government Seeks €500 Million Loan To Fill Budget Gap
By Jamillah Kemigisa In a significant fiscal move, Parliament has authorized the government to borrow up to €500 million from two major financial sources to support the 2024/25 national budget. The approved borrowing includes up to €270 million from the African Export-Import Bank (Afreximbank) and up to €230 million from a consortium comprising Eco Bank…
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