Thursday , August 13 2020
Home / Tag Archives: EXIM Bank

Tag Archives: EXIM Bank

MPs oppose tolling Entebbe Express Highway

Kampala, Uganda | THE INDEPENDENT  | A section of members of the Physical Infrastructure Committee want tolling on the Kampala- Entebbe Express Highway to start after the 2021 general elections. Uganda acquired US 350 Million Dollars (approximately 1.2 Trillion shillings) from the Exim Bank of China to construct the Kampala-Expressway. The …

Read More »

Gov’t fails to utilise UGX 4 trillion loan for electricty projects

  Kampala, Uganda | THE INDEPENDENT | Government is yet to utilize over 4 trillion shillings meant for electricity projects throughout the country. According to the loan performance report of the Ministry of Energy and Minerals Development on loans under the sector, presented before the National Economy Committee in Parliament, …

Read More »

Entebbe expressway toll-paying technology expected soon

Kampala, Uganda | THE INDEPENDENT | The procurement of road tolling equipment for the Entebbe Expressway is ongoing, to pave the way for full-scale utilization of the facility. This is according to Edward Ssimbwa, the commissioner for Public Infrastructure at the Ministry of Works and Transport. The four-lane toll highway …

Read More »

Afreximbank shareholders to earn $69million

The bank’s assets grew 15% to $15 billion in 2018 Kampala, Uganda | ISAAC KHISA | Shareholders of Africa Import-Export Bank (Afreximbank) are set to earn $69million as dividends following record growth in profits in 2018. Last year, shareholders earned $57.53million.  The decision was reached during the Annual General Meeting …

Read More »

SGR funder doesn’t want to look at us-Finance Minister

Kampala, Uganda | THE INDEPENDENT | Ugandan traders expecting to use the Standard Gauge Railway to transport their merchandise from Mombasa to Kampala should forget it for now as the funder doesn’t want to commit money before he is sure that the Kenyan line will reach Malaba border. Uganda had hoped …

Read More »

REA makes over 92,500 power connections-Muloni

Kampala, Uganda | THE INDEPENDENT | Government has through the Rural Electrification Agency-REA made over 92,500 electricity connections across the country, according to the Energy and Mineral Development Minister, Eng. Irene Muloni. She was updating the country on the promises made by the National Resistance Movement-NRM in its 2016-2021 election …

Read More »

Gov’t to start repaying Entebbe Expressway loan in July

Kampala, Uganda | THE INDEPENDENT | The government will start repaying the Kampala-Expressway loan in July.  The loan worth US 350 Million Dollars (approximately 1.2 Trillion shillings) was acquired from the Exim Bank of China. In May 2011, government through Ministry of Finance signed a loan agreement with the Exim Bank …

Read More »

Museveni hails China for funding Isimba dam construction

Kampala, Uganda | THE INDEPENDENT | President, Yoweri Museveni commissioned Isimba dam in Kayunga district. Museveni switched on four turbines of the 183MWs dam amidst cheers from high profile dignitaries who accompanied him. Construction of the dam took 47 months and cost US$ 566 million. 85% of the money was …

Read More »