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 …
Read More »Gov’t seeks approval of UGX 487 billion loan to finance oil pipeline shares
East African Crude Oil Pipeline (EACOP) project will transport crude oil from the Tilenga and Kingfisher projects in Kabaale, Hoima to the coast port of Tanga in Tanzania Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati has asked Members of Parliament to approve a loan request …
Read More »Gov’t revises irrigationl request downwards by UGX 26 billion
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has revised a loan request first made in 2019 from 445 to 419 billion shillings. Parliament had authorized the government to borrow up to 445 billion Shillings (101.88 million euros) from the UK Export Finance for the development of solar-powered irrigation …
Read More »Gov’t seeks 286 billion shillings loan to restore forests
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 …
Read More »MPs question state house competence to oversee scientific vaccines development
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has today questioned State House’s competence to supervise scientists spearheading the production of an anti-tick vaccine which has so far cost the tax payer 2.9 billion Shillings. This follows a supplementary budget request by State House of 2.27 billion Shillings towards the …
Read More »UNEB seeks extra Sh10.5 Bn for SOPs during exams
Government has tabled a supplementary requirement of sh292 billion shillings for the financial year 2020/2021 ✳ UCE exams March 1 to 31 ✳ PLE March 30th & 31 ✳ UACE April 12 – 30 Kampala, Uganda | THE INDEPENDENT | The Uganda National Examination Board (UNEB) is seeking an additional sh10.465 …
Read More »Kabale youth leaders demand facilitation for campaigns
Kabale, Uganda | THE INDEPENDENT | Thirty National Resistance Movement (NRM) youth leaders from Kabale Municipality on Tuesday stormed the party offices over unpaid campaign facilitation. In December, the party released 60 Billion Shillings, to enable flag bearers canvass support for President Museveni. The money was meant to boost the party’s …
Read More »Poor funding, security harassment make Kigezi NUP coordinator defect to NRM
Kigezi, Uganda | THE INDEPENDENT | Jasper Ayebare, National Unity Platform (NUP)coordinator for Kigezi sub-region has defected to National Resistance Movement (NRM) party, with only two days left to general elections. Ayebare a resident of Hamurwa sub-county and also the Rubanda East County NUP flag bearer in Rubanda district defected on …
Read More »Budget committee rejects UGX 336Bn radio procurement deal
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has declined to approve 336.8 Billion Shillings supplementary budget request by the government to purchase 9 million radio sets for Ugandan homes to facilitate the long-distance learning program. The decision has been disclosed by a section of MPs on the committee who …
Read More »Domestic borrowing will not hurt economy – Bahati
Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance David Bahati has convinced the National Economy committee of Parliament to allow government to borrow domestically saying the economy will be minimally hurt. Bahati was appearing before the committee led by Syda Bbumba to respond to queries raised by Members …
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