Tag Archives: Loan

Kampala, Uganda | THE INDEPENDENT | Vantage Mezzanine Fund II Partnership, a South African based capital fund has vowed to recover all the money that Kampala businessman Patrick Bitature owes them. In a lengthy advertorial published in the Daily Monitor newspaper today, Vantage explained the genesis of the dispute between them …

Arua, Uganda | THE INDEPENDENT | Police in Arua has arrested a woman identified as Betty Adakuru for allegedly offering her 3-year-old child to a businesswoman after borrowing sh300,000. According to police, the suspect reportedly borrowed the money from Christine Lekuru, a resident of  Kirabucell, in Arua Central Division to …

Kampala, Uganda | THE INDEPENDENT | The National Economy Committee which is monitoring the performance of a US$150 million World Bank loan under the Agricultural Cluster Development Project (ACDP) has discovered that  Kabarole district has not received funding for most of its investment projects. Legislators doubtful of the intention of the Ministry …

Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee on National Economy have slammed the Ministry of Agriculture, Animal Industry and Fisheries for poorly utilising the US$150m loan borrowed to boost productivity and market for maize, rice, coffee, and beans in selected districts. The six-year loan, implemented with support from the …

Kampala, Uganda | THE INDEPENDENT | On Jan.10, a local daily newspaper reported an incident in which a top bank in Uganda was conned Shs2.7bn in bogus loan scheme leading to some suspects getting arrested by the police. Gurijindeer Singh, who hails from Kolkata, the capital of India’s West Bengal state …

Kampala, Uganda | THE INDEPENDENT | The Alliance for National Transformation-ANT party has asked the government to table before Parliament, a repayment plan for the Entebbe Airport loan. In 2015, the government represented by the finance ministry and the Civil Aviation Authority-CAA, signed an agreement with China Exim Bank to borrow …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has raised concern over terms of the loan acquired to upgrade and expand Entebbe International Airport. Committee members led by chairperson Joel Ssenyonyi, on Thursday tasked the Minister for Finance, Planning and Economic Development Matia Kasaija, to …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has embarked on a tour of Uganda Inter-governmental Fiscal Transfer Reform (UgIFT) Programme funded seed secondary schools as a benchmark for approving a further US$90 million (Shs324bn) loan to build more schools. Led by chairperson John Bosco Ikojo, the Committee is …

Kampala, Uganda | THE INDEPENDENT | DFCU bank has been tasked to explain its move to evict 250 families in Tororo before the expiry of their loan term. Chris Sserunkuma, the in-charge of Special Assets at DFCU Bank appeared before the Physical Infrastructure Committee of Parliament on Wednesday following a petition …

Kampala, Uganda | THE INDEPENDENT | The Parliament Committee on Education has approved a 529 billion shillings loan for the Ministry of Education to construct schools in several sub-counties. According to the ministry, 116 schools will be constructed out of which 84 schools will be in non-refugee hosting districts while 32 …