Madrid, Spain | AFP | Barcelona’s Philippe Coutinho has joined Bayern Munich on a one-year loan worth 8.5 million euros ($9.5 million) with an option to buy, the Spanish club confirmed Monday. “The agreement provides for an option for Bayern to buy at a 120-million-euro fee,” Barcelona said. The 27-year-old Brazilian joined Barcelona from Liverpool …
Read More »Barcelona and Bayern confirm Coutinho loan move
Madrid, Spain | AFP | Barcelona have an “agreement in principle” to send Philippe Coutinho on loan to Bayern Munich, both clubs confirmed Friday. Coutinho was left out of the squad for Barca’s La Liga opener against Athletic Bilbao on Friday, with club director Guillermo Amor confirming the Brazilian is close …
Read More »Gov’t to start repaying Entebbe Expressway loan in July
Kampala, Uganda | THE INDEPENDENT | The government will start repaying the Kampala-Expressway loan in July. The loan worth US 350 Million Dollars (approximately 1.2 Trillion shillings) was acquired from the Exim Bank of China. In May 2011, government through Ministry of Finance signed a loan agreement with the Exim Bank …
Read More »Uganda secures Sh1.2 trillion for water and sanitation projects
Kampala, Uganda | THE INDEPENDENT | Uganda has secured a 270 million Euros ( Sh1.2 trillion) loan from the French government to finance two water and sanitation projects in Greater Kampala and parts of south-western Uganda. The financing channeled through the French Development Agency (AFD), is to support access to …
Read More »MPs challenge Kasaija request for Sh736b domestic loan
Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on the National Economy has rejected the approval of a Sh736b domestic loan by the government for statutory payments, including salaries and wages. Last month minister of state for finance in charge of planning, David Bahati tabled before parliament a notice …
Read More »The Shs700bn loan saga and calls to censure Kasaija
The politics behind calls to censure Kasaija, fire Muhakanizi Kampala, Uganda | HAGGAI MATSIKO | Recently, according to State House sources, President Yoweri Museveni was on phone with Secretary to the Treasury, Keith Muhakanizi. He sounded to be in no mood for pleasantries. “I am tired of this,” the president …
Read More »Palace sign United defender Fosu-Mensah on loan
London, United Kingdom | AFP | Crystal Palace signed Manchester United defender Timothy Fosu-Mensah on a season-long loan on Thursday. Fosu-Mensah will link up with new Eagles boss and fellow Dutchman Frank de Boer ahead of the new Premier League season. The 19-year-old has made 21 appearances for United and still …
Read More »High loan processing fees hurting SME’s
Kampala,Uganda | THE INDEPENDENT | Small and Medium Enterprises in Uganda are restraining from accessing credit facilities due to high processing fees. This was revealed during a recent workshop organized by Enterprise Uganda in Kampala. “When you ask for a loan, they choose their own surveyors whom they pay by deducting …
Read More »World Bank shelves $90m loan to Uganda over anti-gay bill
By Independent Reporter The World Bank has postponed a $90 million loan to Uganda’s over President Yoweri Museveni’s signing of the tough anti-homosexuality law. Norway and Denmark have said they are also cutting aid to Uganda because of the law and the U.S. is “reviewing ties”. The blocked World Bank …
Read More »Loan scheme needs new approach
By Okello Lucima Access, equality, and equity must underline post-secondary education funding The government intention to kick-start students’ loan schemes has drawn both applause and skepticisms. This promise has for a long time been on the NRM policy shelf and basket of empty pledges, the government had to do something …
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