Tag Archives: loans

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Economic monitoring Peter Ogwang has said they will carry out an audit on all Government loans to assess their performance and progress. According to Ogwang, the Audit will be conducted to assess the number of loans in the country, …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making …

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority-UMRA is launching what they have called impromptu operations against Tier4 microfinance institutions and moneylenders that are either not registered or are violating licensing terms. This follows persistent complaints from the public about fraud in the industry as well as uncoordinated …

Kampala, Uganda | THE INDEPENDENT | Private healthcare professionals have said that the directive by President Yoweri Museveni to add them to the list of businesses that can benefit from the credit facility under Uganda Development Bank (UDB) is not a solution to their financing problems. Over the weekend, President Museveni …

  Boda boda riders in Karamoja want President Museveni to stop the pressure mounted on them by the companies that sold them motorcycles on loan Moroto, Uganda | THE INDEPENDENT | A group of young people who have been earning a living through operating boda boda business in Karamoja have asked …

Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …

A US Govt $20 million loan will help Catholic Church support development activities in sub-Saharan Africa 📌 Missio Invest Current Footprint ▪ Kenya, Uganda, Malawi, Zambia, Nigeria, Tanzania 📌Near-term Expansion ▪ Ghana, Rwanda, Ethiopia, Cote D’Ivoire, The Gambia, New York, US | THE INDEPENDENT | Missio Invest, an impact investor that provides …

Bunyangabu, Uganda | THE INDEPENDENT | Private and government-aided schools in Bunyangabu district are chocking on loans and salary arrears. Private schools entirely depend on school enrollment to raise resources for their operations. Similarly, government-aided depend on both the learner’s numbers and some grants from the government. However, the closure of …

Stanbic Bank to support customers and boost business with affordable loan offerings Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has today launched the ‘Now-Now loans’ campaign aimed at offering customers quick and affordable loans to overcome financial challenges in the wake of the Covid-19 pandemic. All Stanbic’s loan …

My humble opinion it that just as the decision was on the face of it legally sound, the court decision was also economically sound COMMENT | James Muhindo | In order for one to understand the rationale behind the court decision in the Hamis Kiggundu Versus Diamond Trust Bank Uganda & …