Kampala, Uganda | THE INDEPENDENT | The idea of mobile phone lending was first made a reality in Uganda IN 2016 when Commercial Bank of Africa, CBA, partnered with MTN to launch the MoKash product. This was an expansion of MTN’s Mobile Money services to diversify into savings and loan products …
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Kampala, Uganda | THE INDEPENDENT | The Executive Director of Uganda Bankers’ Association (UBA), Wilbrod Owor says that the total direct school loan portfolio is currently 1.3 trillion Shillings, and this includes institutional and personal loans and the accumulated interest. He adds that their records also indicate another 600 billion debt …
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Kampala, Uganda | THE INDEPENDENT | Parliament has urged government to come up with a plan to support private schools that have suffered financial loss due to the prolonged closure. In response to the Covid-19 pandemic, government closed education institutions in March 2020, partially opened up in October and later imposed …
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Butebo, Uganda | THE INDEPENDENT | Rice farmers along the Komorototo wetland in Butebo district have unanimously agreed to vacate the wetland with an appeal to the government not to harshly evict them. The farmers said that through rice growing, they have been able to educate their children and provide basic …
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Kampala, Uganda | THE INDEPENDENT | In a way of emphasis on bank loans, President Yoweri Museveni has said banks must not count days when people have not been working to service active loans. Millions of Ugandans in both the formal and informal sectors are currently not working as a result …
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Kampala, Uganda | THE INDEPENDENT | A senior lawyer has called on the government to revise its decision stopping persons who have taken on public land through leases from using it as mortgage to access bank loans. Philip Karugaba, the managing partner of law firm ENSafrica, said on Tuesday that …
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National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …
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The Independent Uganda: You get the Truth we Pay the Price