Gov’t to issue corporate bonds to fund state-owned enterprises
Government is exploring plans to issue corporate bonds in the upcoming financial year as a strategy to raise capital for state-owned enterprises, and to rejuvenate the country’s underperforming corporate bond market. The proposal, however, faces significant hurdles, chief among them being the lack of credit ratings for most state enterprises,
Gov’t Allocates Additional Shs 115 billion to Atiak Sugar Factory Despite Lack of Production
Parliament has approved an additional Shs 115 billion investment into Atiak Sugar Factory, owned by Amina Moghe Hersi. This brings the total government expenditure on the project to Shs 668.71 billion. However, the Opposition has strongly criticized the continued funding, arguing that despite the massive investment, the factory has yet
