Tag Archives: lending

SPECIAL REPORT | THE INDEPENDENT | The Minister of Finance Matia Kasaija has urged money-lending institutions to exhibit a high degree of honesty and integrity. Kasaija was speaking at the opening ceremony of the Goldmine Finance Branch at Kabalagala. He noted that most banks and money lending institutions only prioritize collecting …

While lending levels may remain low, China is likely to sustain engagement with Africa via commerce and diplomacy Kampala, Uganda | RONALD MUSOKE | Chinese lending to African nations has remained below $2 billion for the second year in a row, according to data from Boston University’s Global Development Policy Centre’s …

Kampala, Uganda | THE INDEPENDENT | Uganda Microfinance Regulatory Authority is drafting new guidelines to regulate digital lending. Digital money lenders are emerging as the latest innovation to small loans extended through online platforms or digitally but there have been concerns that they are not regulated. But the emergence of …

The Bank of Uganda has maintained the benchmark central bank rate at 10 percent. Kampala, Uganda | THE INDEPENDENT | Governor BoU Emmanuel Tumusiime Mutebile says that the 12-month inflation forecast has improved slightly relative to October 2018 forecast. The Consumer Price Index data by Uganda Bureau of Standards indicates that …

Kampala, Uganda | JULIUS BUSINGE | On Feb.13, Bank of Uganda announced a cut in the Central Bank Rate by 0.5 percentage points to 9% in the next three months as a measure for boosting private sector credit uptake and economic activities. The Governor, Emmanuel Tumusiime Mutebile, said the decline in …

Washington, United States | AFP | World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday. David Malpass, Treasury’s under secretary for International Affairs, cited China as a prime example of the …