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Tag Archives: bailout

In The Independent: Why the bail-out group will get money

COVER STORY: Why the bail-out group will get money In spite of the public furor against the proposed financial bail-out to distressed companies, the companies will eventually get the financial relief because the tycoons have been courting Gen. Salim Saleh, Museveni’s younger brother, who has been influential in running government …

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VIDEO: President Museveni pledges to bailout struggling companies

NBS: President Yoweri Museveni has finally broken the silence on the much talked about financial bailout of struggling companies insisting consideration will be given to companies that lost money in business transactions with the government of South Sudan. The president also revealed that companies that supplied government departments and have …

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We are not dishing bailout money – NSSF reassures

National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …

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To bail-out Ugandan companies or not?

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

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