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Tag Archives: EXIM Bank

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 …

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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 …

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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 …

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