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Tag Archives: Loan

Uganda secures Shs958bn loan to improve rural transport and facilitate regional integration

African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …

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Luwero officials admit irregularities in school loan acquisition

Wobulenzi , Uganda | THE INDEPENDENT | Wobulenzi Public Primary School in Luweero district is at risk of sale because of failure to service a loan that was marred by irregularities, the LC V chairperson, Erastus Kibirango has revealed. Two weeks ago, Equity Bank announced the takeover of the public primary school over …

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Govt seeks grant in railway rehabilitation loan deal

Kampala, Uganda | THE INDEPENDENT | The government is seeking to get a new loan worth about US$300 million (UA 223.83) for the rehabilitation of the Malaba-Kampala meter gauge railway. This is according to the statements presented by the Ministry of Finance, Planning, and Economic Development, the Ministry of Works and …

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Student loan applications halted

Kampala, Uganda | THE INDEPENDENT | The Higher Education Students’ Financing Board (HESFB) revealed that it will not receive applications for study loans for the academic year 2023/24. This was announced in a notice issued on Thursday by the HESFB executive director, Michael Wanyama. Wanyama attributed the decision to budget shortfalls, …

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