Nexus Green Limited, the company contracted by the government of Uganda to construct 687 solar-powered water irrigation sites across the country, has said the project is on course for completion…
Parliament of Uganda has approved a request for government to borrow up to US$331.5 million (UGX1.23 trillion), from the International Development Association of the World Bank Group, upon which it…
State minister for Finance, Planning and Economic Development (Microfinance), Haruna Kasolo Kyeyune, has presented to Parliament the Microfinance Deposit-Taking Institutions (Amendment) Bill, 2022 for First Reading. This was during the…
Members of Parliament of Uganda have unanimously approved a US$140 million loan to finance the Uganda Digital Acceleration Project (UDAP), and ring-fenced it to the implementing agency, National Information Technology…
Parliament’s Committee on Public Accounts – Commissions, Statutory Authorities and State Enterprises (COSASE) has asked the Uganda National Roads Authority to explain the cost of the 51-kilometre Kampala-Entebbe Expressway. In…
Members of Parliament have approved a request by the government to borrow $464 million (about UGX1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the…
The African, Caribbean, Pacific – European Union (ACP-EU) Joint Parliamentary Assembly sitting in Maputo, Mozambique on Wednesday, 02 November 2022 voted to let Uganda proceed with developing the East African Crude…
The Finance State Minister, Hon. Henry Musasizi on 1st November 2022 asked Members of Parliament to approve up to UGX3.5 trillion in new borrowing to finance Uganda’s 2022/23 UGX48.1 trillion…
Parliament’s Committee on National Economy proposed in a report to cap the minimum amount for external borrowing to under US$20 million to minimise costs related to contracting loans and maximising…
Lawmakers have said that corruption and connivance are to blame for the shutdown of Isimba hydropower plant. The Members of Parliament were responding to the statement by the Minister of…
