A comprehensive and strategic approach to address the concerns raised by the global bank should be developed COMMENT | SIMON M. MUTUNGI | On Aug.08, the World Bank announced that it is halting new loans to Uganda over the country’s controversial Anti-Homosexuality Act (AHA). The United States-based development financier said the …
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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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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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Kampala, Uganda | THE INDEPENDENT | Uganda has been cleared to receive another 120 million dollars (440 billion shillings) loan under the Extended Credit Facility (ECF) of the International Monetary Fund. The IMF Executive Board on Wednesday concluded the fourth review of Uganda’s ECF, And this now enables the immediate …
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Kampala, Uganda | THE INDEPENDENT | Businessman Hamis Kiggundu has petitioned the Supreme Court in Kampala asking them not to deliver their judgement as planned, in the case in which he wants to recover 120 billion shillings from Diamond Trust Bank Uganda and Diamond Trust Bank Kenya. The application by Kiggundu …
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Nairobi, Kenya | Xinhua | Kenya on Thursday launched a digital loan facility for groups and Savings and Credit Cooperative Societies (Saccos) as the country commemorated 60 years of internal self-rule. President William Ruto, who launched the digital scheme, said the product dubbed Hustler Group Loans, would give members economic freedom …
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Kampala, Uganda | THE INDEPENDENT | Sugarcane farmers in Busoga can now access up to Shs100 million in unsecured farmer loans repayable within two years at an interest rate of 2% per month courtesy of a new partnership between Stanbic Bank, Kakira sugar works, and Busoga Sugarcane Growers Association. Dubbed the …
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Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament a loan request worth 2.26 trillion Shillings (US Dollars 608.66 million) to upgrade roads in Greater Kampala. David Bahati, the Minister of State for Trade tabled the loan request during the Wednesday plenary sitting. The loan is being sought …
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Muromba whose gun was used by Wabwire has been dismissed from the Police Kampala, Uganda | THE INDEPENDENT | Police Constable Ivan Wabwire acted with his full conscious when shooting an Indian money lender, Uttam Bhandari, last Friday afternoon according to police surgeons. Bhandari was the Director of TFS Financial …
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Kampala, Uganda | THE INDEPENDENT | The Executive Director of the Higher Education Student Financing Board (HESFB), Michael Wanyama reported inconsistencies in applicants for government student loans across the country. Wanyama along with his team was meeting the Public Accounts Committee on Commissions, Statutory Authorities and State Enterprises on Wednesday, 03 …
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The Independent Uganda: You get the Truth we Pay the Price
