Archive for November, 2008
Uganda’s foreign debt grows to Shs 3 trillion
Yasiin Mugerwa
A nearly 30 per cent increase in Uganda’s external debt in one year has forced Parliament to demand that the government stops what it has described as reckless borrowing.
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Verified figures from the latest Bank of Uganda’s annual report for 2008 to Parliament show that the total foreign debt stock has increased from $1.47 [...]
Why oil revenues could spell doom for Uganda
By Frank Tumusiime
Commercial reserves of oil have been discovered in Uganda and early production is slated to start around June 2009. Oil revenues may lead to employment, infrastructural development and improve people’s standards of living, as is the case with countries such as Norway and Indonesia.
On the other hand, experiences from country to country demonstrate [...]
Uganda misses another Global Fund share
By Vision Reporter
UGANDA has missed having a share of the $2.75b (about sh5.1trillion) Global Fund that has been approved under Round 8.
The Global Fund to fight AIDS, Tuberculosis and Malaria on Monday announced that it had approved 94 new grants of $2.75b, over two years. “Uganda did not apply for Round 8, because of the [...]