• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Government wants Shs852bn loan to refurbish Kampala – Malaba railway

Watchdog Uganda by Watchdog Uganda
2 years ago
in National, News
4 0
Speaker Among (R) confers with Deputy Attorney General, Hon. Jackson Kafuuzi and Finance State Minister, Hon. Amos Lugoloobi

Speaker Among (R) confers with Deputy Attorney General, Hon. Jackson Kafuuzi and Finance State Minister, Hon. Amos Lugoloobi

ShareTweetSendShare

A proposal to borrow Shs852 billion to rehabilitate the Kampala- Malaba meter guage railway has been sent to the Committees of Physical Infrastructure and National Economy.

The new loan offer from the African Development Bank working in concert with the Corporate Internationalisation Fund of Spain comes with a Shs221 billion grant.

In 2021, Parliament approved a running loan amounting to £327 million for the same purpose but a letter from the African Development Bank (ADB) informed the government that under the same terms, a new facility worth Shs852 billion is available.

With the new offer, Cabinet, in a letter to Speaker Anita Among written by Acting Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi, states that, the old running loan is to be stopped since the terms are similar, and the new one adopted.

“In light of the above, this ministry proceeded to Cabinet to rescind the earlier approval and authorize the Minister of Finance, Planning and Economic Development to seek the authorisation of Parliament to approve the amended proposal and consider making changes to the Resolution of Parliament dated 11 May 2022,” said Musasizi, in a letter to Speaker Among.

The new offer from ADB comes after the bank upped Uganda’s debt sustainability status from low risk to “moderate risk of debt distress”, according to Mr Augustine Ngafuan, who made the new offer to Uganda on behalf of the continental lender.

The Attorney General, Hon. Kiryowa Kiwanuka okayed the new arrangement but hinged his approval of the loan on the Ministry of Finance obtaining new authorization from Parliament.

After hitting a deadlock with financiers over the proposed construction of the Standard Gauge Railway due to unfriendly terms and exorbitant interest rates, government chose to, in the interim, resuscitate the old railway and also utilize Lake Victoria as a viable alternative corridor for bulk transportation, especially of petroleum products and imports.

In a first, Speaker Among said there is need to have the request scrutinized by two committees to harmonise positions and ease the work of the whole House.

She asked the committees to expeditiously process the request.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto
News

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54
News

New business lounge commissioned at Entebbe International Airport

4th July 2025 at 16:40
News

Jinja Hospital Boss Dr. Yayi Calls for Improved Maternal and Child Health Services To Curb Birth Asphyxia

4th July 2025 at 16:36
Next Post
Natasha,  President Museveni and Mugina

Museveni’s giant grandson excites Ugandans

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1110 shares
    Share 444 Tweet 278
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    28 shares
    Share 11 Tweet 7
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    43 shares
    Share 17 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    119 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0
Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda