President Yoweri Museveni has announced that no row copper and uranium would be exported out of Uganda but rather be added value to make electric cables as uranium be a source of power.
Addressing his last State of the Nations Address to the tenth Parliament that was video conference between Parliament and Sate House, President Museveni said that he wasn’t ready to release Uranium he wants to exploit for electric power as the copper to be smelted in Kilembe feed the electric cable factory planned for construction in the Industrial park in Kasese district. Mr. Museveni1….
The President who said that he was aware about the deeper effects of the deadly COVID-19 said that government had put one trillion shillings to support low interest loans for manufacturing and commercial agriculture, as well as for Bank of Uganda putting plans to support debtors on loan payments and businesses that have failed to meet their operation costs either due to low demand or under production among others over the virus. Mr. Museveni speaking2……
Mr. Museveni who described as a curse for any able person to demand for government supplied food said that relief items to disaster victims would continue. He however warned landlords against evicting tenants who are not able to clear rent as plans about the issue is thought of by government.
Mr. Museveni speaking3…….
Earlier, the Speaker of Parliament Rebecca Kadaga had asked President Yoweri Museveni to ensure payment of Ugandan traders who supplied goods and services to the government of South Sudan.
Ms Kadaga told President Museveni that despite an agreed payment of US Dollars 41.6 million by the government of South Sudan, many of the small traders have not been paid. Rt. Hon. Kadaga speaking……
In 2010, South Sudan and Uganda entered into a mutual agreement which ensured that Uganda clears the debt and treat it as a loan to the Government of South Sudan that will be paid back within five to 10 years at a six percent interest rate after the first year. END