Sunday , October 24 2021
Home / Tag Archives: Loan

Tag Archives: Loan

MPs inspect schools ahead of Shs324Bn loan approval

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has embarked on a tour of Uganda Inter-governmental Fiscal Transfer Reform (UgIFT) Programme funded seed secondary schools as a benchmark for approving a further US$90 million (Shs324bn) loan to build more schools. Led by chairperson John Bosco Ikojo, the Committee is …

Read More »

IMF loan to Uganda will be tracked on quarterly basis

IMF loan approved will be disbursed in three financial years Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has revealed that expenditure of the USD 1 billion (3.5 trillion Shillings) loan that Uganda is receiving will be tracked on a quarterly basis. The loan approved on Monday will …

Read More »

Uganda to receive UGX 3.5 Trillion loan from IMF

Uganda will receive the loan in three installments of about 330 million dollars per financial year Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has lent Uganda One Billion US Dollars. IMF in a statement issued on Tuesday said the agreement was reached in a virtual IMF visit …

Read More »

Court asked to block gov’t from paying UGX 647 billion loan

Kampala, Uganda | THE INDEPENDENT | A concerned citizen Brian Kasaija has petitioned the High Court seeking an order compelling the government not to repay 175 Million Dollars obtained from the World Bank eight years ago. According to Kasaija, the loan which is equivalent to 647.5 Billion Shillings was obtained illegally by …

Read More »

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 …

Read More »

Budget Committee declines to approve UGX 487 billion oil loan

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 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 »