Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, …
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New York, United States | AFP | Faced with then near-complete shutdown of travel, and a devastating hit to its business from the coronavirus, Arrangements Abroad mobilized to secure a $597,000 loan under the Paycheck Protection Program. The funds allowed the New York company to pay salaries for a couple of …
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Kampala, Uganda | THE INDEPENDENT | With the zeal of hand washing going down months into coronavirus disease transmission in the country, experts have stated that it was inevitable as people were only acting in shock following announcements of a strange killer disease. Hand hygiene alone is touted as having …
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For the third year in a row, Dangote Group has topped the Brand Africa 100 table of the most admired African brands in Africa. We spoke with Tony Chiejina, the group’s chief brand and corporate communications officer, to find out what keeps it there The Brand Africa 100 is a valuation and ranking …
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The company remains strong to deliver good performance going forward, officials say Kampala, Uganda | JULIUS BUSINGE | The Kampala-based drug manufacturer, Cipla Quality Chemical Industries Ltd, has recorded a Shs36bn loss for the financial year 2019/20 compared to a profit of Shs7bn recorded in the previous year. Company officials …
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Economists suggest that the government needs to balance investment in development and productive sectors Kampala, Uganda | ISAAC KHISA | Uganda government plans to borrow Shs8.73 trillion from local and international lenders to fund the bloated Shs 45.4trillion budget amidst the coronavirus pandemic threat. According to the Ministry of Finance …
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Kampala, Uganda | THE INDEPENDENT | Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …
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Kampala, Uganda | THE INDEPENDENT | Only ten Ugandan high-risk travellers have applied to undergo their institutional quarantine in public centres, according to the Ministry of Health (MOH). The first group consisting of 300 high-risk travellers from different parts of the world is expected to arrive in the country this week. …
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Company officials say the business is here to stay Kampala, Uganda | JULIUS BUSINGE | E-commerce firm, Jumia Uganda, a subsidiary of the pan African e-commerce company, Jumia Group on June 10, celebrated eight years of business operations at a mini-press conference held in Kampala, where top officials said they …
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What experts say about Shs45.4tn, debt, taxes Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | The 2020/21 national budget read on June 11 has been criticised by experts as weak on all fronts; from its stimulus and bailout programmes to the manner in which its figures were arrived at …
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