Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …
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Kampala, Uganda | THE INDEPENDENT | Meera Investments Limited owned by businessman Sudhir Ruparelia has acquired yet another building in town- Simbamanyo house after the owner allegedly failed to finance his loan. The building which houses the Ministry of Gender offices, Kampala Imaging Centre among others was initially owned by …
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Kampala, Uganda | THE INDEPENDENT | Uganda has received a USD 31.6m (116.7 billion shillings) loan from the African Development Fund (ADF) to help in the response to the coronavirus (COVID-19) pandemic. In a statement sent out on Sunday afternoon, the ADF, which is a concessional funding arm of the …
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Kampala, Uganda | RONALD MUSOKE | The World Bank has approved US$15.2 million (Approx. Shs 57bn) to support Uganda’s efforts to prevent, detect, and respond to the COVID-19 pandemic as well as strengthen national systems for public health emergency preparedness under a new operation—the Uganda COVID-19 Response and Emergency …
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Kampala, Uganda | THE INDEPENDENT | An employee whose loan is guaranteed by the employer to be recovered from their salary but is wrongfully dismissed from their job is not liable to pay the loan, the court has ruled. The Court of Appeal upheld an earlier ruling by the Industrial …
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Kampala, Uganda | THE INDEPENDENT | President Museveni has rejected a loan of 1.4 trillion shillings ($400m) accusing the Ministry of Finance of lack of seriousness. This is part of the 3.5 trillion Shillings request that the Minister of Finance Matia Kasaija sought in January. Of this, 596 billion Shillings …
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London, United Kingdom | AFP | Manchester United extended Odion Ighalo’s loan spell until January 2021 on Monday to ensure the Nigerian striker will be able to finish the 2019/20 season with the Premier League club. Ighalo’s initial loan deal from Shanghai Shenhua expired at the end of May, but the 30-year-old has been rewarded …
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Kampala, Uganda | THE INDEPENDENT | Government has tabled two loan requests totaling Shillings 1.42 trillion to finance the rehabilitation of Kampala city roads among other things. David Bahati, the Minister of State for Planning today tabled the loan requests before Parliament. These include a proposal to borrow US Dollars …
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Kampala, Uganda | THE INDEPENDENT | Parliament on Tuesday afternoon voted to approve a government request to borrow sh2.43 trillion to finance a budget shortfall realized a few months into the current financial year 2019/2020. This followed a heated debate on the report by Parliament’s National Economy Committee that recommended …
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Manchester, United Kingdom | AFP | Pep Guardiola believes Alexis Sanchez cannot be blamed for his spectacular failure with Manchester United and expects the Chile forward to make an impact on loan with Inter Milan. The Manchester City manager tried to sign Sanchez — who played under Guardiola at Barcelona — …
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