Tag Archives: loans

  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, …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …

Masaka, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has directed that the grace period for beneficiaries of the Parish Development Model-PDM and Emyooga programs to pay back their loans be extended to two years. In this financial year, the government started the program of organizing and delivering public …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Committee of Commissions, Statutory Authorities, and State Enterprises – COSASE, have expressed disappointment with the Higher Education Students’ Financing Board over the selective distribution of student loans. The committee is probing the Board following concerns raised by the Auditor …

Kampala, Uganda | THE INDEPENDENT | The Commissioner General of Prisons Dr. Johnson Byabashaija has warned prison officers against acquiring expensive loans from lending institutions. Byabashaija said that he has been informed that some of the prison officers are leaving loans provided by the prison SACCO which are at an …

Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …