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Tag Archives: loans

Private schools in Bunyangabu district chocking on debts

Bunyangabu, Uganda | THE INDEPENDENT | Private and government-aided schools in Bunyangabu district are chocking on loans and salary arrears. Private schools entirely depend on school enrollment to raise resources for their operations. Similarly, government-aided depend on both the learner’s numbers and some grants from the government. However, the closure of …

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Elections could affect recovery of lending businesses

Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …

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Key gov’t projects slowed by greed, lengthy procurement processes

Kampala, Uganda | THE INDEPENDENT | State agencies overseeing infrastructure development have put the blame on the errant government officials and the procurement regime for the delays in implementing public infrastructure projects. This comes after Finance Minister Matia Kasaija challenged Prime Minister Dr Ruhakana Rugunda to find ways of ensuring …

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Parliament tasks finance ministry to investigate platinum credit, bayport

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Finance Ministry to investigate Platinum Credit Limited and Bayport for alleged exploitation of borrowers. Platinum Credit Limited is a micro finance company that offers emergency loans to borrowers among others. Bayport on the hand offers short term loans, medium-term loans, …

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