Parliament approves UGX 1.7 trillion loan request, opposition protests
Parliament has approved a loan request of 1.7 trillion shillings externally secured from the Standard Chartered Bank. The Speaker of Parliament Anita Among said that the loan for budget support was in fulfilment of a portion of what the MPs approved for the current financial year. Opposition MPs have said that a comprehensive schedule on how the funds are to be expended has not been provided besides this being an expensive commercial loan.
