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@chimpreports Wed, 11 Oct 2023 06:48:05

Uganda to Borrow Shs 2.4tn Despite Huge Debt Burden 

Uganda is set to borrow a staggering Shs 2.4 tn ($650m) from various international lenders despite growing concerns over the country’s debt burden.  The funds will be used to upgrade roads and finance the Climate Smart Agricultural Transformation Project. The requests, which will be scrutinised by Parliament’s Committee on National Economy, were tabled by the …

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