Tag Archives: loans

Kampala, Uganda | THE INDEPENDENT | The government received the green light to finance major road works under the Upgrading of National Roads Project in Uganda, through loan funding worth US$325 million (Shs1.23 trillion). This was during the plenary sitting chaired by Speaker, Anita Among, on Wednesday. The loan will be …

Kampala, Uganda | THE INDEPENDENT | Unifi Uganda, a credit loans company, has unveiled a first instalment campaign dubbed “Excuse My Loan”, an innovative competition that saw 35 lucky customers being relieved of loans totaling up to Shs15m, it said Dec.05 in a statement. Launched in April – May and again …

Kampala, Uganda | THE INDEPENDENT | Commercial bank customers can now opt to pay their outstanding loan balances earlier than scheduled, without fear of being charged for the early clearance. This follows the decision made by the Regulated Financial Institutions under the Uganda Bankers Association (UBA) last month and communicated …

Africa is grappling with mounting debt crisis, with total external debt surpassing the US$1 trillion-mark last year Kampala, Uganda | RONALD MUSOKE | Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has publicly endorsed the recent call by the African Development Bank Group, urging African governments to refrain …

Kampala, Uganda | THE INDEPENDENT | Members of the Local Governments Public Accounts Committee have urged the government to consider writing off loans that were given out under the Youth Livelihood Programme and Uganda Women Entrepreneurship Programs. The government undertook to implement the two programs in 2014 and 2015 respectively …

  Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has decided to maintain the Central Bank Rate (CBR) at a high 9.5 percent despite further drops in inflation rates in the month of September. The CBR is a tool that the central bank uses to direct the cost …

COMMENT | DANNY BRADLOW  | Many people may be tempted to view the World Bank’s recent announcement that it will freeze new loans to Uganda because of the country’s vicious anti-LGBTIQ+ law as a harbinger of the Bank taking a more progressive approach to human rights issues. While the announcement is …

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has said the provocations by the World Bank and the “thought-less homo-sexual lobby”, should not provoke Uganda and Africa into being, automatically, anti-Western. In his latest missive on the World Bank decision to cut future loans because of Uganda’s stand on homosexuality, …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has explained that Uganda’s anti-homosexuality law does not target anyone for being a homosexual, but makes it illegal to recruit or coerce others. This he argued, makes the World Bank’s decision to cut loans to Uganda over the issue, illogical. He …

Mbale, Uganda | THE INDEPENDENT | Issa Ouma, the manager of Prism Credit Finance in Kampala, and three others are in police custody in Mbale city for his alleged involvement in a loan scam. Rogers Taitika, the Elgon Region Police Spokesperson identifies the other suspects as Benjamin Suubi, Fred Wakabi, …