Uganda to borrow Sh200b to fund its budgetUganda's President Yoweri Museveni attends his swearing-in ceremony at the Independance grounds in Uganda's capital Kampala, May 12, 2016. However, in recent years China has become one of Uganda’s top external lenders. Mr Museveni, who has been in power since 1986, is widely expected to seek re-election in early 2021. SEE ALSO :Makerere names new institute after DP RutoPublic spending typically surges in election periods in Uganda, which has sometimes triggered pressure on consumer prices and the local currency. For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.

Source: Standard Digital December 31, 2019 08:03 UTC