Protests as Parliament approves Shs1.7 trillion loan
Uganda, Nov. 4 -- Protests took centre stage yesterday as a divided House authorised the government to borrow Shs1.7 trillion loan from Standard Chartered Bank and other financial institutions.
The money is meant to finance the development and infrastructure budget for the Financial Year 2022/2023.
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Speaker Anita Among told lawmakers that the reason she [previously] administratively referred the loan request to the National Economy Committee was due to urgency and that any delay would impede the government's planned priorities.
Lawmakers on Parliament's Committee on National Economy on Monday discussed t...
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