Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …
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Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …
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Kampala, Uganda | THE INDEPENDENT | Experts in the water and sanitation sector have called on Parliament to enact legislation that will address the lengthy process of obtaining government loans. The experts are concerned that the process of obtaining loans is length and as a result, considerable time for project implementation …
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Gulu, Uganda | THE INDEPENDENT | Gulu district authorities have attributed the low recovery of Youth Livelihood Programme (YLP) loans from various youth groups to the lack of funds. The district received 695.4 million Shillings between 2014 and 2018 for the program targeting 87 youth groups in 12 sub-counties. However, according …
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Kampala, Uganda | THE INDEPENDENT | The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, has implored Members of Parliament to support the ministry’s drive for interest free loans to institutions and farmers with large tracts of land. Tumwebaze said a newly piloted food security project targeting government institutions with …
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Kampala, Uganda | THE INDEPENDENT | In recognition of an uncertain economic environment, Absa Bank Uganda has announced special financing packages intended to help customers kick start the new year on a stronger footing. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday upfront, 0% arrangement fees …
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Fort Portal, Uganda | THE INDEPENDENT | 20 Emyooga SACCOs in Fort Portal city have been selected to benefit from an additional seed capital of 20 Million Shillings each from the government. Angalia Kasigwa Godwin, the Resident City Commissioner of Fort Portal says that the SACCOs were selected to benefit from …
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Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda is allowing its customers to obtain loans with a pay-back reprieve of 75 days. Having this grace period allows customers to prepare their payment plans accordingly. “This week is a special moment for us,” remarked Ecobank’s Managing Director, Grace B Muliisa. We take this …
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Beijing, China | Xinhua | The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about 178.78 billion U.S. dollars) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year. By the end of August, the bank’s outstanding loans to …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is a continuation of the ‘Get …
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