Tag Archives: loans

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 …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Kampala, Uganda | THE INDEPENDENT | Experts in the water and sanitation sector have called on Parliament to enact legislation that will address the lengthy process of obtaining government loans. The experts are concerned that the process of obtaining loans is length and as a result, considerable time for project implementation …

Gulu, Uganda | THE INDEPENDENT | Gulu district authorities have attributed the low recovery of Youth Livelihood Programme (YLP) loans from various youth groups to the lack of funds. The district received 695.4 million Shillings between 2014 and 2018 for the program targeting 87 youth groups in 12 sub-counties. However, according …

Kampala, Uganda | THE INDEPENDENT | The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, has implored Members of Parliament to support the ministry’s drive for interest free loans to institutions and farmers with large tracts of land. Tumwebaze said a newly piloted food security project targeting government institutions with …

Kampala, Uganda | THE INDEPENDENT | In recognition of an uncertain economic environment, Absa Bank Uganda has announced special financing packages intended to help customers kick start the new year on a stronger footing. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday upfront, 0% arrangement fees …