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Tag Archives: National Economy committee

MPs to visit DRC road construction site

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the National Economy Committee have proposed a visit to the construction site of the Uganda-DRC road project. Parliament recently passed expenditure of 200 Billion Shillings for constructing the 223 kilometres road connecting Uganda to DRC. Uganda signed a bilateral agreement with …

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Gov’t to borrow UGX 2.4 trillion from Stanbic, Trade Bank

Kampala, Uganda | THE INDEPENDENT  | Government has plans to borrow 2.43 trillion shillings to finance a budget shortfall realized a few months into the current financial year. According to a domestic loan request presented to Parliament on Wednedsay, government says that out of the 2.43 trillion Shillings, Euros 300 …

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MPs wants audit on Lubowa hospital project

Kampala, Uganda | THE INDEPENDENT | The chairperson of the National Economy committee of Parliament Syda Bbumba has called for an audit of the Lubowa-Based International Specialized Hospital of Uganda. Bbumba made the call while meeting State Minister for Finance David Bahati on the state of the USD 379 million-facility being …

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Parliament committee cautions gov’t on expensive China loans

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament has asked the government to scale down debt contracting to only projects that have high economic and financial returns, and target cheaper concessional loans to finance investments. According to the committee, as the country’s external debt position faces …

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