Friday , December 9 2022
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Tag Archives: loans

Ecobank gives its customers a 75 day loan repayment holiday

Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda is allowing its customers to obtain loans with a pay-back reprieve of 75 days. Having this grace period allows customers to prepare their payment plans accordingly. “This week is a special moment for us,” remarked Ecobank’s Managing Director, Grace B Muliisa. We take this …

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China EximBank increases loans to foreign trade industry

Beijing, China | Xinhua | The Export-Import Bank of China (China EximBank) offered 1.25 trillion yuan (about 178.78 billion U.S. dollars) in loans to the foreign trade industry in the first eight months of 2022, up 26.03 percent year on year. By the end of August, the bank’s outstanding loans to …

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Uganda Development Bank prepares businesses for access to finance

  Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful Entrepreneurship Program, conducted with …

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UDB helped create 41,000 jobs despite inflation

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …

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Confident Muwema speaks out on Bitature-Vantage saga

NEWS ANALYSIS | THE INDEPENDENT | Fred Muwema, the lawyer for businessman Patrick Bitature says the lenders purportedly seeking to reclaim money lent to the Ugandan, have no claim because they don’t exist. Speaking to Uganda Radio Network in an exclusive interview, Muwema acknowledged that indeed Bitature contracted a loan …

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RETIREMENT: Savers to be able to get housing loans

Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …

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Police retirees hunted over unpaid UGX 1.2Bn SACCO loans

Kampala, Uganda | THE INDEPENDENT | The leadership of the Police’s Savings and Credit Cooperative Organization (SACCO) is looking for over 100 retirees with unpaid loans worth 1.2 billion Shillings. The chairman of the Police’s Exodus SACCO Wilson Omoding says a majority of the non-performing loans were taken by police officers …

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