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Tag Archives: bailout

ACME AWARDS: The Independent’s Matsiko tops news, energy and oil coverage 

National news reporting – Print Winner Mr Haggai Matsiko, The IndependentInside the Shs 1 trillion bailout Runner-up Mr Sulaiman Kakaire, The ObserverFour universities producing fake nurses Honourable mention Mr Emmanuel Ainebyoona, Daily MonitorGovernment officials fight over new cancer machine deal   The Independent’s Haggai Matsiko has taken the National News Reporting …

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Nakivubo stadium board asks government for bailout

The board of trustees of Nakivubo War Memorial Stadium has asked government for a bailout to pay tax arrears they owe Uganda Revenue Authority (URA). State minister of sports Charles Bakabulindi told parliament on Tuesday that the stadium cannot raise sh484 million in unpaid taxes. Nakivubo Stadium was closed on July 19 2016 over …

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The bailout question

COMMENT: David Chandi Jamwa Bailout – How to get it done and done right without using taxpayers money For the past three months or so I have been seeing myriad opinions, sentiments, emotions, rebuttals, re-rebuttals, postulations, reverse-postulations, forwardings, withdrawals, denials, and in several cases outright rubbish, flying around the Ugandan …

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VIDEO: ‘We funded NRM, but not for bailout ‘

VIDEO: A section of tycoons mentioned among the bailout beneficiaries have admitted having financed part of the campaign activities of the ruling National Resistance Movement in the February general elections. The tycoons led by the Chairman Uganda Manufactures Association, Amos Nzeeyi however say their decision to support the ruling party …

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Uganda’s much-discussed bailout

On March 31 2016, the total value of all loans in Uganda’s commercial banking industry was Shs21.7 trillion of which Shs528 billion were non-performing loans (or “bad loans”) i.e. 2.64% of the total. Under the effective oversight of Bank of Uganda, especially its director for supervision; Justine Bagyenda (known in …

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Proposed government bailout exposes emperor’s nudity

COMMENT: Nimrod Muhumuza After years of touting of Uganda’s positive economic growth in flowery language, citing growth in the manufacturing and real estate sector, and reduced poverty and inflation statistics, it is now emerging that the government is contemplating forking out over Shs1 trillion to relieve over 100 companies facing …

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VIDEO: Banks recall loans of ‘Bailout’ Companies

NBS: Some commercial banks have recalled the loan facilities previously extended to a number of companies and individuals over concerns that they may be on their to bankruptcy. This comes as the heels of media reports of a possible bail out for some key businessmen reportedly chocking on credit facilities. …

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BAILOUT: Government paying for air – MPs

VIDEO: A section of Mps are now raising the red flag on bailouts, warning that government could be paying for nonexistent or inflated supplies to government departments. Responding to the statements from the president on the much talked about bail out, the mps are asking for verification of all the …

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