Uganda’s Debt shoots up Amid Increased Borrowing
Uganda’s public debt stock is expected to rise significantly in the 2025/26 financial year, Minister of Finance Matia Kasaija announced during the reading of the Shs 72 trillion national budget. According to Kasaija, the public debt is projected to reach USD 31.5 billion (Shs 116 trillion) by the end of
MPs Clash Over Shs 2 trillion Loan Approval Amid Claims of Mismanagement
MPs Clash Over Shs 2 trillion Loan Approval Amid Claims of Mismanagement The Ugandan Parliament has approved a government proposal to borrow up to €270 million (Shs 111.1 billion) from the African Export-Import Bank (Afreximbank) and €230 million (Shs 947.billion) from Ecobank Uganda Limited and the Development Bank of Southern
