{"id":21129,"date":"2025-12-16T07:50:53","date_gmt":"2025-12-16T05:50:53","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/uganda-plans-to-borrow-608-mln-to-develop-infrastructure\/"},"modified":"2026-02-27T16:32:16","modified_gmt":"2026-02-27T14:32:16","slug":"uganda-plans-to-borrow-608-mln-to-develop-infrastructure","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/uganda-plans-to-borrow-608-mln-to-develop-infrastructure\/","title":{"rendered":"Uganda plans to borrow $608 mln to develop infrastructure"},"content":{"rendered":"<p>Uganda plans to borrow $608 million from lenders such as the Korea Export-Import Bank and South Africa&#8217;s Rand Merchant Bank (RMB) to finance infrastructure development, a parliament document showed this Tuesday.<\/p>\n<p>The east African country&#8217;s ballooning public debt has triggered concern among opposition politicians, analysts and the central bank, which has warned that high debt servicing costs are diverting resources from essential social services.<\/p>\n<p>Of the total credit, Uganda plans to source $448 million from RMB and the rest from Korea Export-Import Bank, according to the document seen by Reuters.<br \/>\nThe government plans to request lawmakers to approve the credit lines later on Tuesday, it showed, but did not give details of specific projects to be financed.<\/p>\n<p>Total public debt in the prospective crude oil producer rose to $32.3 billion in the twelve months to June, up 26.2% from the previous period, finance ministry data shows.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":21130,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21129","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Total public debt in the prospective crude oil producer rose to $32.3 billion.","published_date":null,"news_description":"Total public debt in the prospective crude oil producer rose to $32.3 billion.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21129\/revisions"}],"predecessor-version":[{"id":24916,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21129\/revisions\/24916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21130"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21129"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}