Hon. David Bahati

Uganda in Shs41 trillion debt

Uganda in Shs41 trillion debt

The State Minister of Finance for Planning, Hon David Bahati, has declared that Uganda’s public debt is at Shs41 trillion, which is an equivalent of US$10 billion. In a statement to Parliament read by Bahati, government also said the debt stock has increased from US$2.5 billion in the 2006/2007 financial year to US$10.7 billion by the end […]

Parliament orders repair of dilapidated Ugandan Embassy in Brussels

Parliament orders repair of dilapidated Ugandan Embassy in Brussels

The Ugandan Parliament has ordered government to avail Shs 5 billion that will be used to repair the dilapidated Ugandan Embassy in Brussels, Belgium. The member of parliament for Gulu municipality, Hon. Lyandro Komakech told parliament during a plenary sitting on Thursday 12 April 2018 that the state of Uganda Chancery in Brussels is in […]

MPs express mixed reactions on the new MTN loan service

MPs express mixed reactions on the new MTN loan service

Members of Parliament have expressed mixed reactions about a new service by MTN to provide loans to its customers while enabling them to make savings using their mobile phones. The new service launched on August 10, 2016 and dubbed MTN MOkash, will be managed in partnership with the Commercial Bank of Africa (CBA) and is […]