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Parliament Rejects Govt’s Proposal to Borrow $200M to Stabilize Exchange Rate

The Uganda Police Force is unconvinced by authenticity of the viral picture of a dead body purported to be of Christopher Aine, viagra 40mg web http://dentistryatthepark.com/wp-includes/class-wp-image-editor-imagick.php Hon Amama Mbabazi’s head of security.

They also believed that Mr Aine is most likely still alive and in hiding.

The police force on Thursday evening warned media houses against speculating about Aine’s death without strong basis.

The picture published by The Red Pepper today and on various social media platforms raised a lot of questions about the whereabouts of Aine who went missing more than two weeks ago.

In the statement issued on Thursday, viagra 40mg http://ccalliance.org/wp-admin/includes/translation-install.php Police Spokesperson Fred Enanga asked the media to desist from circulating these photos owing to the fact that they are unconfirmed.

“We want to put it clear, generic that the origin of the photograph and circumstances under which it was taken are unclear and unknown, which gives no factual basis or evidential value to the story,” read the statement adding that; “We request the media to hold back from using the image since its legitimacy is still questionable, until when it has been ascertained as genuine photo or not.”

Enanga further stated; “We want to inform the public that until further information or evidence is obtained that suggests otherwise, we believe Aine Christopher is alive and in hiding. And for that matter, we are continuing to investigate his case as that of a missing person who is also wanted by the Police.”

Following the widespread speculation about Aine’s death, his family members visited the city mortuary and viewed all the bodies for possible identification together with senior pathologists but in vain.

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Enanga has cautioned the public not to believe stories on social media and other related outlets until police’s investigations have verified their sources.

Christopher Aine who was part of independent Presidential candidate Amama Mbabazi’s security detail was reported missing weeks ago following the clashes between NRM and Go Forward supporters in Ntungamo.
Members of Parliament have rejected a proposal by the government to borrow $ 200 million from the Eastern and Southern African Trade and Development Bank to stabilize the exchange rate.

The decision to reject the proposal was reached at a sitting of Parliament chaired by the Speaker, order http://coastalperiodontics.com.au/wp-admin/includes/class-theme-installer-skin.php Rt.Hon. Rebecca Kadaga on Thursday.

The Minister of State for Finance for Privatization, pilule http://consultants-lactation.org/wp-admin/includes/update-core.php Hon Aston Kajara had earlier stated that there was need for borrowing, viagra 60mg because the shilling had depreciated against the dollar.

He also added that this has been caused by the low exports and weakening of foreign direct investments.

“We need a short term intervention to stem these factors which are causing problems in the economy,” he said.

Hon. Theodore Ssekikubo (Lwemiyaga County) said that the country is borrowing for consumption and the multinationals will take away the same foreign exchange that was being borrowed.

“The big multinationals will take away the foreign exchange back to their countries and this makes no difference,” Hon. Ssekikubo said.

Serere district MP, Hon. Alice Alaso wondered whether it was an admission that the Bank of Uganda had failed to stabilize the foreign exchange by resorting to borrowing from foreign sources.

“Has Bank of Uganda failed? For as long as we run a boda boda economy, we shall not realize stability in the foreign exchange sector,” Alaso said.

Hon. Felix Okot Ogong (Dokolo County) said that the ruling party of NRM was not aware that there was need to borrow money to stabilize the foreign exchange rate. He advised that government should find alternatives to the problem.

“I beg to move that the Minister withdraws the Motion because there are other ways of controlling the inflows and outflows of foreign exchange rather than borrowing,” Hon. Okot Ogong stressed.

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