Kampala, Uganda | THE INDEPENDENT | The Executive Director of the Higher Education Student Financing Board (HESFB), Michael Wanyama reported inconsistencies in applicants for government student loans across the country. Wanyama along with his team was meeting the Public Accounts Committee on Commissions, Statutory Authorities and State Enterprises on Wednesday, 03 …
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Kampala, Uganda | THE INDEPENDENT | The National Economy and the Physical Infrastructure Committees of Parliament have been tasked to scrutinize Government’s proposal to borrow 852 billion Shillings loan to rehabilitate the Kampala-Malaba Meter Gauge Railway. Parliament had approved a running loan of £327 million in 2021 for the same purpose. …
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London, UK | Xinhua | Richard Sharp, chair of The British Broadcasting Corporation (BBC), resigned on Friday after an independent report found he breached rules for public appointments in his involvement in facilitating a loan to former British Prime Minister Boris Johnson. Sharp said he would stay on until the end …
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Kampala, Uganda | ISAAC KHISA | Ugandan’s are now embracing use of loans to acquire cars of their choice as they strive for a convenient transport means. Faith Margaret Naikayu, the Commercial Manager at Autochek Uganda, a digital car financing marketplace in an interview spoke about the new trends in car …
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Kampala, Uganda | THE INDEPENDENT | As the cost of higher education continues to rise, many families are finding it difficult to pay for their children’s university education. The financial burden can be even greater for working families. However, with a tuition loan, families can provide their children with the education …
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Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has been ordered to pay 6 billion Shillings for illegally selling a school after it failed to repay a loan it had contracted. According to the court records, in 2004, Progressive Secondary School and its proprietors applied for loans worth 1.2 billion …
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Kampala, Uganda | THE INDEPENDENT | Buying a car can be a stressful experience. With so many options to choose from, it is hard to know the best choice based on tastes and preferences. Fortunately, intensive research can eliminate stress and save the buyer money in the long run. Gasta Kevin …
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Eight regional training sessions targeting 1,130 SMEs were conducted in different parts of the country in preparation for access to credit Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank, the country’s national development finance institution has reported a 52% surge in loan portfolio to Shs1.2trillion for the year ended December …
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Kampala, Uganda | THE INDEPENDENT | The meeting between the House Committee on National Economy and Uganda Civil Aviation Authority (CAA) ended prematurely, when the aviation regulator failed to provide proper accountability for a loan worth US $199, 990,416. The loan, obtained from Export-Import Bank of China in 2016 aimed at …
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Kampala, Uganda | THE INDEPENDENT | The Committee on National Economy has expressed displeasure with Kampala Capital City Authority (KCCA)’s utilization of the US$175 World Bank loan saying the quality of works does not correlate with the value of money. MPs on the committee said that despite the funding, the works especially …
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