Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has encouraged business owners especially manufacturers and agriculturalists to opt for affordable credit provided by Uganda Development Bank (UDB). The President made the call recently while launching the new Karuma 600 MW hydropower project which now takes Uganda’s installed capacity to …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda has introduced its latest smartphone offerings in partnership with TakeNow, offering its valued customers a wider range of choices. MTN customers will via this collaboration have access to an extensive selection of Tecno, Itel, and Infinix smartphones in the open market. To further …
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Kampala, Uganda | THE INDEPENDENT | The State Minister in Charge of Microfinance, Haruna Kyeyune Kasolo is mooting for the establishment of a cooperative bank to save small enterprises the burden of exploitation under the high-interest credit facilities. According to Kasolo, many small and medium sized enterprises are struggling to operate …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has taken bold steps to support parents, teachers and schools as learners settle in class after nearly two years of education sector closure. Speaking at a recent virtual forum titled ‘Bank of Uganda address on credit relief measures for school loans’ organized …
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Kampala, Uganda | THE INDEPENDENT | Commercial banks approved a total of 2.8 trillion Shillings in loan amounts in the three months ending October 2021, which indicates growth from the 2.2 trillion Shillings approved in the quarter that ended July. Similarly, the value of loan applications rose to 4.9 trillion Shillings …
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Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …
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Kampala, Uganda | THE INDEPENDENT | Private healthcare providers have decried the challenges of accessing credit from financial institutions. Dr Edward Rukwaro from Nakasero hospital said that it’s very risky investing in Uganda’s health sector. “Medical equipment is very expensive. It would help us a lot if there was a provision …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have adopted a report by the Legal and Parliamentary Affairs Committee endorsing a bill to facilitate credit for small borrowers and manage the risk of borrowing by the financial sector. The bill is envisaged to make credit affordable for Ugandans. According to …
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Frankfurt am Main, Germany | AFP | A German state-owned bank has found itself at the centre of a battle in the Democratic Republic of Congo over agricultural land dating back to the Belgian colonial period, AFP learned Monday. Representatives from nine communities in the DRC last week called on DEG …
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New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …
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