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NEED supports Museveni on World Bank loans

Prossy Kisakye | August 14, 2023

The National Economic Empowerment Dialogue (NEED) has supported President Museveni’s decision that Uganda doesn’t need to rely on World Bank loans for development. This is after the Bank announced its move to withdraw funding to key developmental projects in the country due to the Anti-Homosexuality Act, 2023 that was recently […]


News

MPs advise govt as World Bank halts funding to Uganda

Prossy Kisakye | August 10, 2023

Legislators have asked government to step up frugality in public expenditure following World Bank’s decision to suspend financial support to Uganda over the enactment of the Anti-Homosexuality Act, 2023. The Bank says the Act fundamentally contradicts its values. MPs are concerned that Uganda’s future is uncertain, noting that they do […]


News

World Bank resolution won’t affect EACOP – Minister

Juliet Nalwooga | August 10, 2023

The Ministry of Energy and Mineral Development says the East African Crude Oil Pipeline Project (EACOP) will not be affected by the World Bank aid cut to Uganda. Speaking to journalists at the Uganda Media Centre on Thursday, the minister of state for Energy and Mineral Development, Peter Lokeris said […]


News

Govt to revise national budget after loan ban

David Mujuni | August 10, 2023

Government is considering a review of the national budget following World Bank’s move to halt funding to Uganda due to the Anti-Homosexuality law.  Speaking to legislators on Thursday, the State Minister for Finance, Henry Musasizi revealed that government intends to revise the national budget, adding that emoluments of public servants […]




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