Uganda: MPs reject $2.12 million interest on Chinese loan

A plan for Uganda to establish a National Information and Communication Technology (ICT) Network backbone have hit a wall after Parliament rejected the "high" interest rate on the loan from China. While meeting the Minister of ICT, Dr Ham Muliira and that of Finance Dr Ezra Suruma, the Parliamentary Committee on the National Economy demanded that the government explains the rationale for a 2 per cent interest rate ($2.12 million) to be charged on the $106m for the national ICT backbone project over 20 years.