Reporting for Radio Ankole 99.3 FM Ntungamo, we bring you an urgent update from the floor of the August House. The Minister of State for Finance, Planning and Economic Development, Honorable Henry Musasizi, has officially tabled a formal motion before the Parliament of Uganda. This legislative move seeks parliamentary approval for the government to secure a substantial loan facility amounting to approximately 300 billion shillings, which is equivalent to 168.9 million Euros. The proposed financial borrowing is intended to be sourced from the United Kingdom Export Finance institution. As the debate surrounding this significant fiscal request begins, we will continue to monitor the proceedings closely to keep our listeners informed on how this potential debt acquisition may impact the national economy and public service delivery across the country.
