Tag Archives: bailout

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. …

Gen. Saleh now running Museveni’s government On July 21, a group of Kampala traders met at Serene Suites, a boutique hotel of two boxlike four-story blocks on top of Mutundwe Hill on the edges of the city that has become a sort of headquarters for the financially-distressed business people. The …

VIDEO: A section of Mps are now raising the red flag on bailouts, warning that government could be paying for nonexistent or inflated supplies to government departments. Responding to the statements from the president on the much talked about bail out, the mps are asking for verification of all the …

COVER STORY: Why the bail-out group will get money In spite of the public furor against the proposed financial bail-out to distressed companies, the companies will eventually get the financial relief because the tycoons have been courting Gen. Salim Saleh, Museveni’s younger brother, who has been influential in running government …

NBS: President Yoweri Museveni has finally broken the silence on the much talked about financial bailout of struggling companies insisting consideration will be given to companies that lost money in business transactions with the government of South Sudan. The president also revealed that companies that supplied government departments and have …

National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …