Hannington Mbabazi, Author at Thecapitaltimes

OP-ED: How UGX 1.7 Trillion Loan Will Relieve Parliamentarians & Voters

By Ben Ssebuguzi Kampala: Developing countries rely on international borrowing to finance special projects, infrastructure and to compensate for the needed revenue. Due to natural disasters like heavy rains, mud slides have adversely affected aids to trade like roads, where even the

November 5, 2022

ENERGY & MINERAL RESOURCES

Big Boost: EU Provides Uganda EUR 5 Million Funding For Renewable Energy

In December 2020, the EU and EDFI ElectriFI agreed on establishing a dedicated ElectriFI Country Window for Uganda, with a specific funding package of EUR 5 million, to be invested in renewable energy companies active in Uganda. The launch of the Uganda

November 4, 2022

National News·Uganda

Parliament Approves UGX1.7 Trillion Loan Request

Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee

November 4, 2022

ENERGY & MINERAL RESOURCES·National News

ERA Warns Of Heavy Penalties To Deter Vandalism Of Electricity Infrastructure

Following the passing of Uganda’s new Electricity (Amendment) Bill 2022, Ugandans found guilty of vandalizing electricity infrastructure may face a fine of $283,764.96 (UGX 1-billion) or a 15-year jail sentence, just five years short of the Ugandan life sentence term of 20

November 4, 2022

Business·National News·Uganda

MPs Grill Finance Minister For Details On Shs1.7 Trillion Loan Disbursement Plans

Parliament’s Committee on National Economy has asked Finance State Minister, Hon. Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Hon. Muhammad Kivumbi objected asking for details of

November 3, 2022

National News·Politics

‘Parliament Has Not Increased MPs’ Salaries- Speaker Among

The Speaker of Parliament Rt Hon. Anita Among has refuted media reports that legislators plan to increase their salaries. The Monitor newspaper recently reported that President Museveni rejected a proposal by Members of Parliament to have their pay and pension contribution increased.

November 2, 2022

ENERGY & MINERAL RESOURCES·National News

West Nile Region To Be Connected To The National Grid Come 2023

The implementation of the Grid Expansion and Reinforcement Project (GERP) in West Nile is well underway. Uganda Electricity Transmission Company Limited (UETCL) begun stringing the transmission cables on the 67km Kole-Gulu stretch under Phase One of the Grid Expansion and Reinforcement Project

November 2, 2022

National News·Op-ed

OP-ED: NWSC At 50 Redeems Gov’t Image In Business After 20 Years Of Divestiture

By Ben Ssebuguze: Kampala: One of the reasons which was fronted by crusaders of Privatisation of assets under world bank and International monetary funds under the Structural Adjustment programs (SAPs) was that many of government Assets were making losses. In 1991, the

November 2, 2022

Business·National News·Uganda

Public Debt Soars As Gov’t Seeks to Borrow Shs3.5 Trillion To Finance Budget

The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced

November 2, 2022

News

UNEB Probes Possible PLE Leakage

Uganda National Examinations Board-UNEB is investigating a possible leakage of Primary Leaving Examinations-PLE. The examination body is following up on two people suspected of distributing what is said to be national examinations to schools. Although the information about the said probe is

November 2, 2022