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Tag Archives: loans

Parliament permits loans for vital road upgrades

Kampala, Uganda | THE INDEPENDENT | The government received the green light to finance major road works under the Upgrading of National Roads Project in Uganda, through loan funding worth US$325 million (Shs1.23 trillion). This was during the plenary sitting chaired by Speaker, Anita Among, on Wednesday. The loan will be …

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Unifi Uganda loans campaign excites lucky borrowers

Kampala, Uganda | THE INDEPENDENT | Unifi Uganda, a credit loans company, has unveiled a first instalment campaign dubbed “Excuse My Loan”, an innovative competition that saw 35 lucky customers being relieved of loans totaling up to Shs15m, it said Dec.05 in a statement. Launched in April – May and again …

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UBA: No more fines for repaying a bank loan early

Kampala, Uganda | THE INDEPENDENT | Commercial bank customers can now opt to pay their outstanding loan balances earlier than scheduled, without fear of being charged for the early clearance. This follows the decision made by the Regulated Financial Institutions under the Uganda Bankers Association (UBA) last month and communicated …

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Natural resource-backed loans a disaster for Africa-IMF

Africa is grappling with mounting debt crisis, with total external debt surpassing the US$1 trillion-mark last year Kampala, Uganda | RONALD MUSOKE | Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has publicly endorsed the recent call by the African Development Bank Group, urging African governments to refrain …

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MPs ask Government to write off YLP, UWEP loans over poor recovery

Kampala, Uganda | THE INDEPENDENT | Members of the Local Governments Public Accounts Committee have urged the government to consider writing off loans that were given out under the Youth Livelihood Programme and Uganda Women Entrepreneurship Programs. The government undertook to implement the two programs in 2014 and 2015 respectively …

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MUSEVENI: West’s recklessness could affect terrorism fight

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has said the provocations by the World Bank and the “thought-less homo-sexual lobby”, should not provoke Uganda and Africa into being, automatically, anti-Western. In his latest missive on the World Bank decision to cut future loans because of Uganda’s stand on homosexuality, …

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MUSEVENI: Uganda will develop with or without loans

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has explained that Uganda’s anti-homosexuality law does not target anyone for being a homosexual, but makes it illegal to recruit or coerce others. This he argued, makes the World Bank’s decision to cut loans to Uganda over the issue, illogical. He …

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