Tag Archives: loans

Kabarole, Uganda | THE INDEPENDENT | Kabarole district has failed to recover more than 900 million shillings meant for the Youth Livelihood Program from 2013-2018. YLP is a revolving fund initiated by the Government of Uganda in 2013 to address unemployment among the youths.  Funds are advanced to youth interest …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance and Economic Planning will stop all ministries and government agencies from signing any Memorandum of Understanding that has finance implications without involving it. Speaking at the Uganda Media Center while announcing the forthcoming regional conference on public debt management and sustainable …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has launched a campaign dubbed ‘unbeatable loans’ aimed at creating awareness about the various financing solutions currently available. The campaign launched a few days ago will run until the end of May 2020, showcasing the bank’s unbeatable range of products that …

✳ Sh1.39 trillion for Lubowa Hospital ✳ Sh768 billion for Rwekunye-Apac-Lira-Acholibur Road ✳ Sh402.5 bn Muyembe-Nakapiripirit Road ✳ sh380 bn classified Defense ministry Kampala, Uganda | THE INDEPENDENT | Uganda’s Parliament approved loans to the tune of sh6.15 trillion this year, according to the annual performance report of the house. Despite …

Kampala, Uganda | THE INDEPENDENT  | The government is rejecting loans from the World Bank in favour of those from China. This is according to the National Economy Committee of Parliament. According to Syda Bbumba, the committee chairperson, while meeting officials from the World Bank recently they said that they …

Kampala, Uganda | THE INDEPENDENT  | Commercial Banks expect more borrowers not to meet their loan obligations in the three months to the end of December, according to a survey by Bank of Uganda. BoU says banks had “noticed unfavourable economic conditions experienced during the last couple of months, which were …

  Kampala, Uganda | THE INDEPENDENT | Uganda National Teachers Union-UNATU is concerned about multiple loans acquired by teachers. Several primary school teachers abandon classes in fear of being arrested after obtaining multiple loans from money lenders, which has disrupted classes. Zadock Kamusiime the UNATU National chairperson says that it …

Entebbe, Uganda | THE INDEPENDENT |  President, Yoweri Museveni has praised the Chinese Government for extending loans to Uganda and Africa where other partners have been hesitant. He was fielding questions at a press conference he jointly addressed with visiting Zimbabwean President Emmerson Mnangagwa at State House Entebbe ahead of today’s …

Sembabule, Uganda | THE INDEPENDENT |  Multiple registration and borrowing are frustrating the growth of Savings and Credit Cooperative Societies-SACCO’s in Sembabule district, according to the authorities.  SACCO’s are member-founded microfinance institutions established to promote the saving culture and address the financial needs of members in terms of extending credit. However, …

Kampala, Uganda | THE INDEPENDENT | Government has directed that no investors should use government land leased to them as a security to acquire loans in any financial institution. In a letter to heads of three agencies – Uganda Investment Authority, Uganda Land Commission, and the Uganda Free Zones Authority – …