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Tag Archives: debt

Kansai Plascon contributes Shs20m towards Church House

Kampala, Uganda | THE INDEPENDENT | Kansai Plascon, Uganda’s paint company has contributed a sum of Shs20million to support Church of Uganda in reducing the debt it incurred during construction of Church House. The contribution was handed over to the Archbishop of the Church of Uganda and Bishop of Kampala Rt. …

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U.S. House passes short-term bill to avoid gov’t shutdown

Once the bill clears the Senate, senior lawmakers will have until March 11 to reach an agreement on how to fund the government for the remainder of the fiscal year Washington, U.S. | Xinhua | The U.S. House of Representatives on Tuesday passed a short-term bill to extend federal government funding …

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Gulu city struggling to clear UGX 3.8Bn debt

Gulu, Uganda | THE INDEPENDENT | Gulu city is choking on unpaid debt of 3.8 Billion Shillings. The money is meant for the payment of utility bills like electricity and water supplies for the various offices, allowances for elected leaders, and fuel among others. Alfred Okwonga, the Gulu City Mayor says …

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Finance ministry allays fear of new USD 900 million IMF loan

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has said the new $900 million (about 3.1 trilling Shilling) loan government plans to borrow from the International Monetary Fund -IMF will not cause a substantial increase of Uganda’s rising public debt. Responding to questions at Uganda Media …

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Uganda’s debt burden

 To borrow or not to borrow for infrastructure? Kampala, Uganda | IAN KATUSIIME | Julius Kapwepwe, the director of programmes at Uganda Debt Network, a debt monitoring NGO, Uganda’s national says, to control the country’s spiraling debt, the Ministry of Finance officials must ask themselves some questions every time they …

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