Tag Archives: loans

New Delhi, India | AFP |  The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One …

The African Development Bank (AfDB) has assured President Yoweri Museveni that they are planning several interventions that will bring down the electricity tariffs in Uganda. AfDB president Akinwumi Adesina gave the assurances after Museveni expressed concern over the high cost of electricity, which he says is not coming down until an AfDB bank …

Beijing, China | AFP |  Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace. A 10-gigabyte file posted on the internet exposed the personal details of more …

COMMENT: Colin Asiimwe Using shame to understand and combat financial inclusion communication challenges for clients A few months ago, a client came to us at Metropolitan Republic Uganda with a problem. To solve it we had to understand the mindset and attitudes behind many peoples’ aversion to banks and formal financial …

Lagos, Nigeria | AFP |  The African Development Bank has approved the first installment of a $1 billion loan to Nigeria to help President Muhammadu Buhari combat a “crisis situation”. In a Wednesday press release, the AfDB said that the $600 million loan was the “first tranche of a US …

VIDEO: Funds acquired by government remain idle in the national treasury as the tax payer continues to pay sh60 billion per month as interest on the acquired loans. The practice according to information available to the Public Accounts Committee of parliament has lasted six years. The revelations come after the Secretary …

COMMENT: David Chandi Jamwa Bailout – How to get it done and done right without using taxpayers money For the past three months or so I have been seeing myriad opinions, sentiments, emotions, rebuttals, re-rebuttals, postulations, reverse-postulations, forwardings, withdrawals, denials, and in several cases outright rubbish, flying around the Ugandan …

MTN’s loans: MTN’s Mokash platform set to stir competition in small loans market Every year, companies have made it a norm to launch a market-shaking product or service. However, none of the products launched in Uganda in recent years will match MTN’s newest trail-blazing ‘Mokash’ in terms of innovation, utility, and risk-taking. …

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

NBS: Some commercial banks have recalled the loan facilities previously extended to a number of companies and individuals over concerns that they may be on their to bankruptcy. This comes as the heels of media reports of a possible bail out for some key businessmen reportedly chocking on credit facilities. …