Tag Archives: Loan

Uganda will receive the loan in three installments of about 330 million dollars per financial year Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has lent Uganda One Billion US Dollars. IMF in a statement issued on Tuesday said the agreement was reached in a virtual IMF visit …

Kampala, Uganda | THE INDEPENDENT | A concerned citizen Brian Kasaija has petitioned the High Court seeking an order compelling the government not to repay 175 Million Dollars obtained from the World Bank eight years ago. According to Kasaija, the loan which is equivalent to 647.5 Billion Shillings was obtained illegally by …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has said the new $900 million (about 3.1 trilling Shilling) loan government plans to borrow from the International Monetary Fund -IMF will not cause a substantial increase of Uganda’s rising public debt. Responding to questions at Uganda Media …

Government intends to secure finances from the domestic market for the oil pipeline project Kampala, Uganda | THE INDEPENDENT | High hurdles still stand in the way to the Final Investment Decision that will see the country’s first oil come out of the ground for the crude to be transported to …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Environment Beatrice Anywar has sought parliament’s approval of a 286 billion Shillings loan request from the World Bank to restore forests in the country. Anywar presented the loan request before Parliament’s National Economy Committee alongside the Minister of State for …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …

Kampala, Uganda | THE INDEPENDENT | Meera Investments Limited owned by businessman Sudhir Ruparelia has acquired yet another building in town- Simbamanyo house after the owner allegedly failed to finance his loan. The building which houses the Ministry of Gender offices, Kampala Imaging Centre among others was initially owned by …

Kampala, Uganda | THE INDEPENDENT | Uganda has received a USD 31.6m (116.7 billion shillings) loan from the African Development Fund (ADF) to help in the response to the coronavirus (COVID-19) pandemic. In a statement sent out on Sunday afternoon, the ADF, which is a concessional funding arm of the …

  Kampala, Uganda | RONALD MUSOKE | The World Bank has approved US$15.2 million (Approx. Shs 57bn) to support Uganda’s efforts to prevent, detect, and respond to the COVID-19 pandemic as well as strengthen national systems for public health emergency preparedness under a new operation—the Uganda COVID-19 Response and Emergency …

Kampala, Uganda | THE INDEPENDENT | An employee whose loan is guaranteed by the employer to be recovered from their salary but is wrongfully dismissed from their job is not liable to pay the loan, the court has ruled. The Court of Appeal upheld an earlier ruling by the Industrial …