Tag Archives: Loan

KAMPALA, UGANDA | THE INDEPENDENT | Makerere University’s Science, Technology and Innovation Education (STIE) is expected to progress into modernity, following Parliament’s approval of a US$162 million loan to finance the project. Parliament approved the loan from Korea Export Import Bank during plenary sitting on Tuesday, 16 December 2025. The Minister …

    Kampala, Uganda | THE INDEPENDENT |  Diamond Trust Bank (DTB) Uganda, a leading financial institution in Uganda, has announced a new partnership with Furaha Finserve Uganda Limited aimed at easing the burden of school fees for families across the country. The collaboration introduces the DTB–Furaha School Fees Loan, a …

South Sudan has relied heavily on pre-payments from oil traders and banks to fund its budget, but many such loans have fallen into arrears  London, UK | Jacob Atkins |   BB Energy has won a last-minute court judgement to prevent the government of South Sudan from selling an oil cargo worth at least US$20mn, due …

Kampala, Uganda | THE INDEPENDENT | The Busega-Mpigi Expressway project works are expected to resume, following approval of a loan of Euros188.18 million (Shs781.04 billion) from the African Development Bank and Euros28.31 million (Shs117.46 billion) from the African Development Fund. The loan, approved by Parliament during plenary sitting on Tuesday, …

Kampala, Uganda | Fred Onzima | As Uganda’s financial landscape continues to embrace digital technology, a new initiative by FINCA Uganda is aiming to bridge the gap between digital banking and underserved communities. While mobile banking apps, USSD codes, agent networks, and online platforms have improved access to financial services nationwide, …

Kampala, Uganda | THE INDEPENDENT | Parliament has adopted a proposal to borrow €183.3 million from the Standard Chartered Bank, UK, and Shs120.4 billion from the domestic market through a six-month Treasury Bill to finance the Strategic Towns Water Supply and Sanitation Project—Phase II. The resolution was passed during a …

Kampala, Uganda | THE INDEPENDENT | Government can now borrow up to US$99.6 million to finance the proposed Resilient Livestock Value Chain Project (ReLiV) in 55 districts. The loan, approved by Parliament, will be borrowed from the International Fund for Agricultural Development (IFAD). The Minister of State for Finance, Planning …

BEIRUT, LEBANON | Xinhua | Lebanese Finance Minister Yassine Jaber on Tuesday signed a 250 million U.S.-dollar loan agreement with the World Bank to support reconstruction of infrastructure damaged in recent Israeli attacks, the Finance Ministry said in a statement. The deal will establish a fund to rebuild essential infrastructure, …

Kibaale, Uganda | THE INDEPENDENT | The police in Kibaale are holding a man accused of murdering his wife to death over a Shillings 100,000 loan taken without his consent. The suspect, Andrew Ndyayambegye, a resident of Kanoga-Kitooma village in Matale sub-county, allegedly attacked his wife, Beatrace Kaitesi, 47, after accusing …

Kampala, Uganda | THE INDEPENDENT | Pride Bank Limited has been awarded the Agri-Finance Award (Credit Finance) at the prestigious Annual Agricultural Awards. In an evening themed: Celebrating Excellence and Innovation in Agriculture, the award recognizes the bank’s exceptional contribution to agricultural financing and its pivotal role in transforming Uganda’s agricultural …