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Tag Archives: loans

Finance ministry to restrain supplementary budgets next financial year

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making …

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UMRA announces crackdown on unscrupulous micro lenders

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority-UMRA is launching what they have called impromptu operations against Tier4 microfinance institutions and moneylenders that are either not registered or are violating licensing terms. This follows persistent complaints from the public about fraud in the industry as well as uncoordinated …

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Private healthcare providers cast doubt on UDB credit

Kampala, Uganda | THE INDEPENDENT | Private healthcare professionals have said that the directive by President Yoweri Museveni to add them to the list of businesses that can benefit from the credit facility under Uganda Development Bank (UDB) is not a solution to their financing problems. Over the weekend, President Museveni …

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SEKABEMBE: dfcu ready to support roads sector

Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …

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Catholic Church gets investment boost from US Govt

A US Govt $20 million loan will help Catholic Church support development activities in sub-Saharan Africa 📌 Missio Invest Current Footprint ▪ Kenya, Uganda, Malawi, Zambia, Nigeria, Tanzania 📌Near-term Expansion ▪ Ghana, Rwanda, Ethiopia, Cote D’Ivoire, The Gambia, New York, US | THE INDEPENDENT | Missio Invest, an impact investor that provides …

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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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