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Tag Archives: revolving fund

Masqueraders return UGX3Bn stolen from teacher’s revolving fund

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) has recovered Shillings 3.8 billion that had been stolen by some suspects masquerading as teachers in government schools. The CID spokesperson Charles Twine, says that they also managed to intercept another Shillings 7.8 billion that was on an account in …

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Opposition proposes parish development model interventions

Kampala, Uganda | THE INDEPENDENT | The Shadow Finance Minister, Muwanga Kivumbi has listed five challenges that could derail the Parish Development Model, offering four possible interventions. The Parish Development Model is a government run microfinance initiative that seeks to create a Shs400 billion revolving fund to help local farmers and entrepreneurs …

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Wetland encroachers to benefit from revolving fund

Kampala, Uganda | THE INDEPENDENT | The Water and Environment Ministry has established a revolving fund worth Shillings 8 billion to support communities around wetlands to discourage them from engaging in unwanted activities such as rice cultivation in wetlands. The revolving fund is part of the Integrated Water Resources Management Project, …

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