With a wave of Imperialistic tendencies sweeping the world with what has been termed as China’s “debt traps”, how safe is Uganda. 29% of Uganda’s total loans is owed to China’s EXIM Bank. China- Uganda loans Loan agreement performance data (2016) indicate that China committed $350m for Entebbe-Kampala Expressway, $100m to improve road networks, $483m for […]
Government has revealed that the construction of the controversial 600 megawatt Karuma hydro power dam is to begin early next year. This follows the conclusion of the procurement process for the construction of the dam. The minister of Energy and Mineral Development, Irene Muloni says currently they are only left with awarding the contract to […]
The Government of Uganda is planning to use tax payment from Tullow oil to finance the construction of the much awaited Karuma Dam in northern Uganda. Kaith Muhakanizi, the deputy secretary to the treasury while addressing journalist said that the government’s position is to use the money to build the proposed Dam that has had […]