Tag Archives: loans

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, …

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 …

Mbale, Uganda | THE INDEPENDENT | Issa Ouma, the manager of Prism Credit Finance in Kampala, and three others are in police custody in Mbale city for his alleged involvement in a loan scam. Rogers Taitika, the Elgon Region Police Spokesperson identifies the other suspects as Benjamin Suubi, Fred Wakabi, …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …

Masaka, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has directed that the grace period for beneficiaries of the Parish Development Model-PDM and Emyooga programs to pay back their loans be extended to two years. In this financial year, the government started the program of organizing and delivering public …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Committee of Commissions, Statutory Authorities, and State Enterprises – COSASE, have expressed disappointment with the Higher Education Students’ Financing Board over the selective distribution of student loans. The committee is probing the Board following concerns raised by the Auditor …

Kampala, Uganda | THE INDEPENDENT | The Commissioner General of Prisons Dr. Johnson Byabashaija has warned prison officers against acquiring expensive loans from lending institutions. Byabashaija said that he has been informed that some of the prison officers are leaving loans provided by the prison SACCO which are at an …

Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

Kampala, Uganda | THE INDEPENDENT | Experts in the water and sanitation sector have called on Parliament to enact legislation that will address the lengthy process of obtaining government loans. The experts are concerned that the process of obtaining loans is length and as a result, considerable time for project implementation …