Tag Archives: Loan

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 …

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 …

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 …

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 …

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 …

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 — …

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 …

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 …

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 …

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 …