Wednesday , November 6 2024

The Independent

AfDB lists Shs 12.5billion bond on USE

By Joan Akello The officer in charge of the African Development Bank (AfDB), Jason Mosomi Mochache says the 2 year local currency bond that attracts 25 percent yield will finance infrastructure and develop African capital markets. It is noted that foreign currency denominated liabilities have frequently financed local currency activities …

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Karuma finally on course

By Joan Akello After delays over jitters of bribery amongst bidders and ministry of energy officials, government has contracted Sinohydro Corporation, a Chinese firm to construct the 600MW Karuma dam. It is estimated the project will cost $1.65 billion (about Shs 4.2 trillion) to develop the dam and a transmission …

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