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Tag Archives: borrow

Gov’t move to borrow extra UGX 2.4 Trillion stirs mixed reactions

Kampala, Uganda | THE INDEPENDENT  | A government move to borrow 2.4 trillion shillings from Stanbic Bank and Trade and Development Bank to plug the budget deficit, has evoked mixed feelings from economists and observers. On Thursday, State Minister for Finance David Bahati tabled a request before parliament indicating that …

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Gov’t to borrow Ugx 1.5 trillion for schools, health centres

Kampala, Uganda | THE INDEPENDENT | Government is planning to borrow USD 412 million (1.5 trillion Shillings) to construct secondary schools, upgrade health centres and run rural electrification projects. This will include USD 200 million (734 billion Shillings) to be borrowed from the World Bank for upgrading health centre IIs to …

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THIS WEEK: Government requests to borrow as parliament resumes

THIS WEEK: Government requests to borrow as parliament resumes Kampala, Uganda | THE INDEPENDENT | Plenary resumed on Nov.28 after members of parliament returned from their constituencies where they had been consulting their voters on the proposed constitutional amendment bill to remove presidential age limits from the current 35 to 75 …

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