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Tag Archives: loans

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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African Dev Bank promises to bring down electricity prices

The African Development Bank (AfDB) has assured President Yoweri Museveni that they are planning several interventions that will bring down the electricity tariffs in Uganda. AfDB president Akinwumi Adesina gave the assurances after Museveni expressed concern over the high cost of electricity, which he says is not coming down until an AfDB bank …

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Nude selfies used as collateral for Chinese loans

Beijing, China | AFP |  Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace. A 10-gigabyte file posted on the internet exposed the personal details of more …

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Building financial inclusion

COMMENT: Colin Asiimwe Using shame to understand and combat financial inclusion communication challenges for clients A few months ago, a client came to us at Metropolitan Republic Uganda with a problem. To solve it we had to understand the mindset and attitudes behind many peoples’ aversion to banks and formal financial …

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VIDEO: Treasury keeping billions of idle loaned money

VIDEO: Funds acquired by government remain idle in the national treasury as the tax payer continues to pay sh60 billion per month as interest on the acquired loans. The practice according to information available to the Public Accounts Committee of parliament has lasted six years. The revelations come after the Secretary …

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