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Tag Archives: loans

Tanzania to issue loans of about 200 mln USD for university students

Dar es salaam, Tanzania | XINHUA | Tanzania’s Higher Education Students’ Loans Board (HESLB) announced on Tuesday that it will issue 464 billion Tanzanian shillings (about 200 million U.S. dollars) for 145,000 students in universities and high learning institutions in the 2020-2021 academic year. HESLB, in a statement, informed students …

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French president calls EU deal on recovery fund “historic”

Paris, France | XINHUA | French President Emmanuel Macron on Tuesday hailed as “historic” a European Union (EU) deal on a post-pandemic recovery fund that would help build a “green and prosperous Europe” and further improve European solidarity. “A historic day for Europe! A massive recovery plan is adopted: a …

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Non-performing loans jump to UGX 783 Bn – BoU

Kampala, Uganda | THE INDEPENDENT | The amount of money where borrowers have not made any payments for at least three months grew by 15 percent to 783 billion Shillings between January and March 2020, the Bank of Uganda has said. This is a growth from 666.3 billion Shillings of …

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Banks restructure loans worth UGX 2 Trillion

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of …

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Banks loan approvals fall by 68%

Kampala, Uganda |  THE INDEPENDENT |  Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …

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Police SACCO management extends ban on loan acquisition

Kampala, Uganda | THE INDEPENDENT | The management of police Savings and Credit Cooperation –SACCO has extended the ban on acquisition of loans. Several police officers said they had tried to get loans or withdraw their savings but in vain. They added that police management led by the SACCO Chairperson …

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