Kampala, Uganda | THE INDEPENDENT | The Committee on National Economy has expressed displeasure with Kampala Capital City Authority (KCCA)’s utilization of the US$175 World Bank loan saying the quality of works does not correlate with the value of money. MPs on the committee said that despite the funding, the works especially …
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Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has launched its Edusave loan contribution campaign as it seeks to ease the school fees burden faced by many parents across the country during the ongoing back-to-school season. Unveiled on Feb.09, the campaign’s goal is to provide parents and families with affordable, flexible, …
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Kampala, Uganda | THE INDEPENDENT | Lawmakers have criticised the National Social Security Fund (NSSF) for giving Uganda Clays an unsecured loan of Shs11 billion. This was during a meeting between NSSF management and the select committee investigating allegations of the fund’s mismanagement on Wednesday, 08 February 2023. The Chairperson of …
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Cairo, Egypt | Xinhua | The International Monetary Fund (IMF) said on Friday that its executive board had approved a loan to Egypt of about 3 billion U.S. dollars over 46 months. The decision enables an immediate disbursement of about 347 million dollars to Egypt, “which will help meet the balance of …
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Kampala, Uganda | THE INDEPENDENT | To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries. IFC will provide six of Airtel Africa’s …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has asked Finance State Minister, Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Muhammad Kivumbi objected asking for details of the disbursement, a request he said …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved a US$70 million loan for the construction of a state of the art facility to house the Uganda Heart institute. A loan request brought by government to collectively borrow US$70 million from the Arab Bank for Economic Development in Africa, Saudi Fund …
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Fort Portal, Uganda | THE INDEPENDENT | Fort Portal city authorities are targeting to benefit from a loan the Ugandan government is set to secure from the French Development Agency in order to address climate change and urbanization with the aim of fostering economic growth in the city. The funds are …
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Kampala, Uganda | THE INDEPENDENT | A boda-boda rider in Namugongo has committed suicide over his inability to pay 255,000 Shillings as part of his motorcycle loan. Neighbors on Tuesday morning found the lifeless body of Alex Nuwagaba, 33, outside his rental house in Namugongo within Kira municipality. One of the …
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Kampala, Uganda | THE INDEPENDENT | Vantage Mezzanine Fund II Partnership, a South African based capital fund has vowed to recover all the money that Kampala businessman Patrick Bitature owes them. In a lengthy advertorial published in the Daily Monitor newspaper today, Vantage explained the genesis of the dispute between them …
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The Independent Uganda: You get the Truth we Pay the Price