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Tag Archives: loans

Traders ask for interest free loans for businesses

Kampala, Uganda | THE INDEPENDENT | Traders in Kampala have asked the government to lobby for free interest loans for their businesses that were affected by the outbreak of COVID-19. In March, President Museveni issued several measures to combat the spread of the virus. They included restrictions on the movement of …

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Kabarole fails to recover Sh900 Million Livelihood Funds

Kabarole, Uganda | THE INDEPENDENT | Kabarole district has failed to recover more than 900 million shillings meant for the Youth Livelihood Program from 2013-2018. YLP is a revolving fund initiated by the Government of Uganda in 2013 to address unemployment among the youths.  Funds are advanced to youth interest …

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Minister Ajedra warns Ministries on obtaining loans

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance and Economic Planning will stop all ministries and government agencies from signing any Memorandum of Understanding that has finance implications without involving it. Speaking at the Uganda Media Center while announcing the forthcoming regional conference on public debt management and sustainable …

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Stanbic launches campaign targeting borrowers

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has launched a campaign dubbed ‘unbeatable loans’ aimed at creating awareness about the various financing solutions currently available. The campaign launched a few days ago will run until the end of May 2020, showcasing the bank’s unbeatable range of products that …

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LOANS: Parliament approves record Sh6.15 trillion in 2019

✳ Sh1.39 trillion for Lubowa Hospital ✳ Sh768 billion for Rwekunye-Apac-Lira-Acholibur Road ✳ Sh402.5 bn Muyembe-Nakapiripirit Road ✳ sh380 bn classified Defense ministry Kampala, Uganda | THE INDEPENDENT | Uganda’s Parliament approved loans to the tune of sh6.15 trillion this year, according to the annual performance report of the house. Despite …

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Gov’t rejecting loans from World Bank

Kampala, Uganda | THE INDEPENDENT  | The government is rejecting loans from the World Bank in favour of those from China. This is according to the National Economy Committee of Parliament. According to Syda Bbumba, the committee chairperson, while meeting officials from the World Bank recently they said that they …

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Borrowers to default on loans– BoU survey

Kampala, Uganda | THE INDEPENDENT  | Commercial Banks expect more borrowers not to meet their loan obligations in the three months to the end of December, according to a survey by Bank of Uganda. BoU says banks had “noticed unfavourable economic conditions experienced during the last couple of months, which were …

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