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Tag Archives: loans

‘Provide Shs100m incentive to private schools’

Kampala, Uganda | THE INDEPENDENT | A section of Members of Parliament are calling for a Shs100 million recovery package to assist schools and other institutions of learning as they plan to re-open. Legislators argue that the two year closure of these institutions due to the Covid-19 pandemic has crippled private institutions’ …

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UDB to finance 2 million women entrepreneurs with micro loans

UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …

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Stanbic Bank announces new loan offers at special interest rate

Kampala, Uganda | THE INDEPENDENT | As 2021 gets to the end, Stanbic Bank Uganda has unveiled what it terms as ‘exciting offers’ on unsecured personal loans effectively activating the festive mood among customers. In a Nov.01 media statement, Uganda’s largest bank by assets, said, the promotional offer runs until end …

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Speaker urges UDB to reduce lending rate

Kampala, Uganda | THE INDEPENDENT | The Speaker Jacob Oulanyah has urged Uganda Development Bank (UDB) to reduce its lending rate from 12 percent saying that access to affordable loans by majority of Ugandans is a key driver of socio-economic transformation. He made the remarks while meeting with the Board of …

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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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