Cabinet approves sh100b loan

Feb 05, 2009

CABINET has approved an additional $50m (about sh100b) loan to finance the second phase of the Northern Uganda Social Action Fund, state minister for northern Uganda has said.

By Vision Reporters

CABINET has approved an additional $50m (about sh100b) loan to finance the second phase of the Northern Uganda Social Action Fund, state minister for northern Uganda has said.

David Wakikona on Wednesday told Parliament that the amount would bring the total funding to the project to $150m (about sh3b).
He said details of the loan would be tabled before Parliament for approval after negotiations with the World Bank have been concluded.

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