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Tag Archives: loans

The bailout question

COMMENT: David Chandi Jamwa Bailout – How to get it done and done right without using taxpayers money For the past three months or so I have been seeing myriad opinions, sentiments, emotions, rebuttals, re-rebuttals, postulations, reverse-postulations, forwardings, withdrawals, denials, and in several cases outright rubbish, flying around the Ugandan …

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MTN’s MoKash to the rescue

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

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VIDEO: Banks recall loans of ‘Bailout’ Companies

NBS: Some commercial banks have recalled the loan facilities previously extended to a number of companies and individuals over concerns that they may be on their to bankruptcy. This comes as the heels of media reports of a possible bail out for some key businessmen reportedly chocking on credit facilities. …

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Bwebajja J & M Hotel auction date set

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

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IMF offers oil-dependent Angola $4.5 bn loan

Luanda, Angola | AFP | The International Monetary Fund said Tuesday it had offered Angola $4.5 billion in loans as the country, which was wracked by civil war until 2002, has been badly impacted by falling oil prices. “Angola can receive a maximum $4.5 billion (4.0 billion euros)… the loan …

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Mozambique explains $1.4 bn hidden debt

Maputo, Mozambique | AFP | Mozambique on Tuesday said most of $1.4 billion in previously hidden loans had been used to fund maritime security and shipyards, a week after the IMF suspended the country over the undisclosed sum. The Washington-based International Monetary Fund last Wednesday called off a staff mission …

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Chasing student loans

By Julius Businge & Nicole Namubiru This year’s university hopefuls are torn between hope and despair Fortunate Natukunda should be celebrating her luck. She has just passed her pre-university entry exams; a rare feat in her rural village in Isingiro district in western Uganda. Her achievement is even more momentous …

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Car loans come close

By Patrick Kagenda Al- Malik Motors in promo with Stanbic bank Al’ Malik Group working with Stanbic bank have launched a promotion dubbed Al-Malik Mega Christmas Bonanza. Hentie Stemmet, head of Vehicle and Asset Finance at Stanbic bank told The Independent that the bank is keen on the relationship it …

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