Tag Archives: lenders

Kampala, Uganda | THE INDEPENDENT | Like vultures that wait patiently until the moment when their prey can no longer move or resist, Uganda-based money lenders are now ready to harvest the science teachers’ enhanced salaries that have been in the policy and bureaucratic pipeline for several years. Like the huge, …

Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …

Kampala, Uganda |  THE INDEPENDENT |  Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …

Kampala, Uganda | THE INDEPENDENT | The Deputy Resident District Commissioner Kiruhura has ordered police to crack down on illegal money lenders. The order stems from increasing complaints in which many borrowers continue to lose property to illegal money lenders. The directive comes barely a day after a team from the …