Fort Portal, Uganda | THE INDEPENDENT | 20 Emyooga SACCOs in Fort Portal city have been selected to benefit from an additional seed capital of 20 Million Shillings each from the government. Angalia Kasigwa Godwin, the Resident City Commissioner of Fort Portal says that the SACCOs were selected to benefit from …
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Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda is allowing its customers to obtain loans with a pay-back reprieve of 75 days. Having this grace period allows customers to prepare their payment plans accordingly. “This week is a special moment for us,” remarked Ecobank’s Managing Director, Grace B Muliisa. We take this …
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Beijing, China | Xinhua | The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about 178.78 billion U.S. dollars) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year. By the end of August, the bank’s outstanding loans to …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is a continuation of the ‘Get …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful Entrepreneurship Program, conducted with …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …
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NEWS ANALYSIS | THE INDEPENDENT | Fred Muwema, the lawyer for businessman Patrick Bitature says the lenders purportedly seeking to reclaim money lent to the Ugandan, have no claim because they don’t exist. Speaking to Uganda Radio Network in an exclusive interview, Muwema acknowledged that indeed Bitature contracted a loan …
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Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …
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Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …
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Kampala, Uganda | THE INDEPENDENT | The leadership of the Police’s Savings and Credit Cooperative Organization (SACCO) is looking for over 100 retirees with unpaid loans worth 1.2 billion Shillings. The chairman of the Police’s Exodus SACCO Wilson Omoding says a majority of the non-performing loans were taken by police officers …
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The Independent Uganda: You get the Truth we Pay the Price