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Tag Archives: loans

Agriculture tops Uganda’s January loan portfolio

Kampala, Uganda | THE INDEPENDENT | Agriculture might be finally catching financiers’ eye, with money disbursed to farmers topping all other sectors in January, according to official figures. Statistics from the Finance and Economic Development Ministry show that agriculture received 28% (Sh 283bn) of all loans disbursed in January up …

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Shilling loans grow by 18.5 percent

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

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World Bank shareholders approve $13 bln capital increase

Washington, United States | AFP | World Bank shareholders approved a “historic” increase in the bank’s lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World Bank President Jim Yong Kim said neither China nor any …

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IMF releases additional $257 mn for Tunisia

Washington, United States | AFP | The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement. The IMF board approved the second review of the country’s economic performance under the financial aid package that was initially …

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Kadaga blocks Kasaija censure motion

Kampala, Uganda | GODFREY SSALI | The Speaker of Parliament Rebecca Alitwala Kadaga has directed the Auditor General John Muwanga to conduct a special audit into the account of the Treasury, to establish how and where the $200 million that was meant to purchase drugs was spent. Kadaga ruled on …

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Students loan scheme in limbo

The government students’ loan scheme for the financial year 2017/2018 may not have any beneficiaries after the ministry of finance could not avail funds to the ministry of education for the scheme. The Minister for Education and Sport Janet Museveni told the parliament committee on education and the sports that …

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