David Bahati Archives – Page 2 of 2

Gov’t to borrow a record UGX5.7 trillion for Covid-19, roads, health and private sector

Muhereza KyamuteteraThe Big StoryMay 21, 2020May 21, 2020

Government of Uganda is to borrow up to USD1.51 billion (UGX5.7 trillion) from various multilateral lenders, once Parliament approves the motions tabled before it. According to a parliament brief to the Finance Committee that CEO East Africa has seen, this includes the USD491.5 million already approved by the IMF Executive Board for Uganda and is now awaiting Parliament’s ratification. In fact, according to an April 2nd 2020 motion to Parliament, government had initially planned to borrow USD 250 million from the IMF but following the May 6th 2020 decision by the IMF, the Ministry of Finance withdrew the first USD250…

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Crown Beverages scoops 2 global PepsiCo bottling awards

Muhereza KyamuteteraCompany NewsJuly 17, 2019July 19, 2019

For making the right investments in the right places since its establishment in Uganda, Crown Beverages Limited (CBL), the bottler of Pepsi, Mirinda, Mountain Dew, Sting, and Nivana Water, is…

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