Govt Rejects proposal to mortgage oil as Loan security

The Government has rejected China Exim Bank’s proposal to mortgage oil as loan security for the construction of the Standard Gauge Railway (SGR). Works and Transport Minister Gen. Katumba Wamala told MPs on the physical infrastructure committee that the bank “was looking ahead” and requested the Government to peg oil revenue as security for the…

Read More

Royal Family issues statement on Kabaka’s Health

The royal family has issued a statement in regard to Kabaka’s health following public demand. In a statement issued yesterday, the royal family said the Kabaka of Buganda, Ronald Muwenda Mutebi ii, is unwell and undergoing treatment. “Ssabasajja (Kabaka) has been unwell for a while. However, he has responded well to the prescribed medication and…

Read More