Kampala, Uganda | THE INDEPENDENT | Health, agriculture and infrastructure projects are lined up for a much-needed financial injection following the tabling of loan requests totalling about US$ 399 million. The proposals were presented to Parliament on Wednesday, 03 September 2025, by the Minister of State for Finance, Planning and …
Read More »Bunyoro elderly struggle to access loans
Hoima, Uganda | THE INDEPENDENT | The Elderly in the Bunyoro sub-region have raised concerns about the difficulties they are enduring while securing loans from financial institutions. They argue that the various money lending institutions and commercial banks have denied them opportunities to access loan services, citing concerns about their …
Read More »Turning Wheels, Changing Lives: Transformative power of dfcu Bank vehicle and asset financing
How dfcu Bank is powering Uganda’s asset ownership revolution and unlocking economic potential in Uganda COMMENT | GLORIA SSUUNA NAMUTEBI | In today’s economy, owning a productive asset—a vehicle, a motorcycle, or a piece of machinery—is more than a convenience. It’s a catalyst for financial independence, business growth, and generational wealth. …
Read More »Experts warn gov’t on unplanned loans
Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion …
Read More »How money lender in Mukono was lured to her death by client
Mukono, Uganda | THE INDEPENDENT | Hamida Mutesi Nalule, a renowned moneylender in Seeta Bajjo, Mukono Municipality, has been stabbed to death by a client owing her sh18 million. Nalule, according to Racheal Namwanje, loaned Elvis Katabaazi sh18 million last year, but the latter had never bothered to pay it …
Read More »Boda-Boda Rider’s Union unleashes products to fully empower members
Kampala, Uganda | THE INDEPENDENT | In yet another move to empower riders nationwide, the BodaBoda Riders Cooperative Union on Wednesday unleashed several products to empower members that use the ride-hailing app, Union App. At a colorful event at Garden City in Kampala, Uganda’s top boda-boda cooperative officially launched Union …
Read More »Asset financing company launches smartphone loans in Uganda
KAMPALA, UGANDA | THE INDEPENDENT | MOGO Uganda, an asset financing company, has introduced a smartphone loan program in collaboration with Airtel Uganda, making Tecno, Infinix, and itel devices more accessible to a wider range of Ugandans. This move meets the rising need for cost-effective smartphone access, enabling people to …
Read More »UMEME: Why are we rushing to the bankers’ table when Ugandans are holding the chequebook?
The UMEME buyout isn’t just a transaction. It’s a test. Of vision. Of sovereignty. Of whether we believe in our people enough to let them own the infrastructure they depend on. COMMENT | APOLLO BUREGYEYA | The government wants to re-acquire UMEME. Price tag: UGX 700 billion. Financing plan? A …
Read More »Making sense of borrowing to pay school fees
Kampala, Uganda | NEBERT RUGADYA & LOUIS JADWONG | Uganda’s education system dictates that tuition fees are paid at the start of every term of three months, or in a lump sum, for the full year. The opening days of school therefore often turn out to be very stressful for …
Read More »How digital loans are driving financial inclusion and transformation in Uganda
COMMENT | Hope Ekudu | We often delay pursuing our dreams, waiting until we’ve saved enough to make them a reality. It can be frustrating to work hard toward a goal only to be held back by a lack of funds. In Uganda, where acquiring loans can be a lengthy and inaccessible …
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