Tag Archives: loans

Kampala, Uganda | THE INDEPENDENT | Parliament has delayed the approval of funding amounting to 990 billion Shillings to finance the construction of irrigation schemes, drainage channels and dams as part of a new climate-resilient irrigation project. The project is expected to benefit 63,200 smallholder farmers in Isingiro, Kanungu, Lamwo, Lira, …

Brussels, Belgium | XINHUA | The European Commission on Friday launched new measures offering guarantees for borrowing by micro borrowers, micro- and social enterprises to counter the effect of the COVID-19 pandemic. Through the instrument worth 400 million euros (464.5 million U.S. dollars), the European Investment Fund will offer guarantees …

Dar es salaam, Tanzania | XINHUA | Tanzania’s Higher Education Students’ Loans Board (HESLB) announced on Tuesday that it will issue 464 billion Tanzanian shillings (about 200 million U.S. dollars) for 145,000 students in universities and high learning institutions in the 2020-2021 academic year. HESLB, in a statement, informed students …

Paris, France | XINHUA | French President Emmanuel Macron on Tuesday hailed as “historic” a European Union (EU) deal on a post-pandemic recovery fund that would help build a “green and prosperous Europe” and further improve European solidarity. “A historic day for Europe! A massive recovery plan is adopted: a …

Kampala, Uganda | THE INDEPENDENT | Commercial banks approved more money in May compared to April with manufacturers receiving the biggest chunk of the loans than any other the sector, the Ministry of Finance has said in the performance of the economy report for June 2020. According to the report, …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has warned commercial banks that the central bank may be forced to impose limits on interest rates they can charge on loans. Mutebile, who appears to make a U-turn from an earlier position that banks can charge borrowers …

Kampala, Uganda | THE INDEPENDENT | The amount of money where borrowers have not made any payments for at least three months grew by 15 percent to 783 billion Shillings between January and March 2020, the Bank of Uganda has said. This is a growth from 666.3 billion Shillings of …

Kampala, Uganda | THE INDEPENDENT | Before the National Economy committee of Parliament discusses up to sh2.5 trillion in loans requests, there is increasing concern about the levels of government borrowing, despite assurances by the Finance Minister that the Uganda’s debts are still manageable. Parliament discussed and forwarded up to …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of …

Kampala, Uganda |  THE INDEPENDENT |  Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …