Ramathan Ggoobi, an economist and academic at Makerere University Business School (MUBS), told URN that this borrowing will likely lead to more taxes in the next financial year, as the government seeks to raise funds to start repayments.
The process hit a snag when the finance committee allegedly cancelled the last meeting with Gender Minister Janat Mukwaya, a move which Gender committee chairperson Alex Ndeezi says proves lack of cooperation.
While presiding over the matter, the head of the Industrial Court, Justice Asaph Ruhinda Ntegye and a panel of five judges explained to court that they were not ready with the judgement because Makerere University had delayed to submit its defense on time.
Klaas Glenewinkel, the managing director of Media in Cooperation and Transition (MICT), a Germany media NGO and a director in EARS said they had found that one of the biggest issues for that many radio stations in Uganda is that they didn’t know where to start and where to go to get business.
Musa Ecweru, the State Minister for Relief, Disaster Preparedness and Refugees told journalists at Media Center on Friday that nine billion will be used to buy relief items, 10 billion to fix affected roads and other transportation needs like buying boats where they are needed and about 200 million to fix metrology machines affected by the rains.
A heavy down pour caused multiple landslides in the villages of Namasa, Naposhi and shukururu in Bushika sub-county of Bududa district on Tuesday killing 4 people, injuring 5 and displacing over 6,000 others. So far, rescue teams have retrieved seven bodies while more than 30 people are still unaccounted for.