Kampala, Uganda | THE INDEPENDENT | Parliament has adopted a proposal to borrow €183.3 million from the Standard Chartered Bank, UK, and Shs120.4 billion from the domestic market through a six-month Treasury Bill to finance the Strategic Towns Water Supply and Sanitation Project—Phase II. The resolution was passed during a …
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Kampala, Uganda | THE INDEPENDENT | Government can now borrow up to US$99.6 million to finance the proposed Resilient Livestock Value Chain Project (ReLiV) in 55 districts. The loan, approved by Parliament, will be borrowed from the International Fund for Agricultural Development (IFAD). The Minister of State for Finance, Planning …
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BEIRUT, LEBANON | Xinhua | Lebanese Finance Minister Yassine Jaber on Tuesday signed a 250 million U.S.-dollar loan agreement with the World Bank to support reconstruction of infrastructure damaged in recent Israeli attacks, the Finance Ministry said in a statement. The deal will establish a fund to rebuild essential infrastructure, …
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Kibaale, Uganda | THE INDEPENDENT | The police in Kibaale are holding a man accused of murdering his wife to death over a Shillings 100,000 loan taken without his consent. The suspect, Andrew Ndyayambegye, a resident of Kanoga-Kitooma village in Matale sub-county, allegedly attacked his wife, Beatrace Kaitesi, 47, after accusing …
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Kampala, Uganda | THE INDEPENDENT | Pride Bank Limited has been awarded the Agri-Finance Award (Credit Finance) at the prestigious Annual Agricultural Awards. In an evening themed: Celebrating Excellence and Innovation in Agriculture, the award recognizes the bank’s exceptional contribution to agricultural financing and its pivotal role in transforming Uganda’s agricultural …
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BUENOS AIRES | Xinhua | Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …
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KAMPALA, UGANDA | THE INDEPENDENT | In the streets of Kampala, bodabodas have become an essential part of urban transportation, driving daily commutes and fueling economic activity. However, what was once a typically male-dominated industry is now undergoing a remarkable transformation, with women who once hesitated to join the trade …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved a proposal to borrow $18.09 million (Shs66 billion) as additional financing for the expansion of the Uganda Cancer Institute (UCI). The government argues that this investment would save Ugandans from spending over 1.094 trillion Shillings annually on seeking cancer treatment abroad, particularly …
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KAMPALA, UGANDA | THE INDEPENDENT | Standard Chartered Bank has been fined 60 million Shillings for cancelling a loan facility it had already granted to a couple. In her ruling, Justice Patricia Mutesi of the High Court found that Standard Chartered Bank errored when it cancelled a mortgage facility it …
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Kampala, Uganda | THE INDEPENDENT | Uganda has managed to reduce the level of spending on loans in terms of the percentage of the Gross Domestic Product (GDP) through restructuring debt and the growth of the economy. Total interest payments as a share of GDP decreased to 3.5 percent at the …
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The Independent Uganda: You get the Truth we Pay the Price
