Uganda: Govt Pays Shs 90 Billion in Fees for Failure to Spend Borrowed Money

Ugandans are paying the heaviest price in fines as government officials fail to spend chunks of borrowed cash, writes Alon Mwesigwa. According to the auditor general’s latest value for money report 2014/15, taxpayers paid at least $26.8m (Shs 90bn) to creditors in commitment fees between 2007/8 and 2014/15 for government’s failure to spend the money they…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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