Tayebwa Welcomes China’s $51Bn Pledge to Africa, Calls for Addressing Trade Imbalance.

By Amos Ssemuwemba  The Deputy Speaker of the Ugandan Parliament, Thomas Tayebwa, has expressed gratitude for the Chinese Government’s commitment to invest US$51 billion in Africa over the next three years. Tayebwa made these remarks during a meeting with members of the Financial and Economic Committee of the National People’s Congress of China, emphasizing the…

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Popp insists US-Uganda Relations are intact.

The United States of America will not disrupt her cooperation with Uganda neither withdraw her assistance in health, economic stability and the strengthening of democratic institutions. America is a major partner whose contributions across sectors in Uganda generates over 6000 jobs through different local implementing agencies. US ambassador William W. Popp remarked during his independence…

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Confusion as Parliament Approves $500m Loan to Develop Kampala Amid Museveni’s “We Can Do Without Loans” Talk

Parliament has accepted the government’s request to secure a loan of approximately $518 million (equivalent to around Shs 1.923 trillion) from the World Bank to fund the Greater Kampala Metropolitan Area Urban Development program. This decision follows the examination of a report submitted by John Bosco Ikojo, the head of the national economy committee, during…

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Kadaga, Byanyima, Rugunda! Top Museveni Advisor Proposes 7 Man Squad to Engage World Bank on Funding Cuts

Senior Presidential Advisor on Media Affairs to President Yoweri Kaguta Museveni, Joseph Tamale Mirundi has issued a list of seven High profile people for Museveni to assign the role of leading negotiations in the rocky relationship between the Government and global financiers- the World Bank. As the country grapples to come to terms with the…

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