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…
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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…
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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 plenary…
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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…
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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 a…
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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…
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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…
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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…
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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…
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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 Energy…
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