Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …
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Luanda, Angola | AFP | The International Monetary Fund said Tuesday it had offered Angola $4.5 billion in loans as the country, which was wracked by civil war until 2002, has been badly impacted by falling oil prices. “Angola can receive a maximum $4.5 billion (4.0 billion euros)… the loan …
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Maputo, Mozambique | AFP | Mozambique on Tuesday said most of $1.4 billion in previously hidden loans had been used to fund maritime security and shipyards, a week after the IMF suspended the country over the undisclosed sum. The Washington-based International Monetary Fund last Wednesday called off a staff mission …
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By Julius Businge & Nicole Namubiru This year’s university hopefuls are torn between hope and despair Fortunate Natukunda should be celebrating her luck. She has just passed her pre-university entry exams; a rare feat in her rural village in Isingiro district in western Uganda. Her achievement is even more momentous …
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By Stephen Kafeero & Ivan Rugambwa Planned loan scheme could throw students into the debt pool without a clear payment plan Tonny Nalima completed his Senior Six and hopes to join university for a degree in Petroleum Engineering. When we met the university admission lists were not yet out but …
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By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …
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The Independent Uganda: You get the Truth we Pay the Price