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Tag Archives: relief

Dollar relief for the global south

The Fed’s dramatic interest-rate hikes have had dire implications for debt sustainability in the developing world COMMENT | HIPPOLYTE FOFACK |  The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be …

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Stanbic unveils 2023 financial relief packages

Kampala, Uganda | THE INDEPENDENT | As the economy continues to grapple with high inflationary pressures and challenges related to global economic and political turmoil, financial sector players are unveiling plans for customers to remain afloat hoping that the situation will normalize. On January 12, Stanbic Bank unveiled ‘a financial relief …

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Post Bank, telecoms explain Sh2.85Bn charges on relief funds

Kampala, Uganda | THE INDEPENDENT | A joint parliamentary team, comprising the Public and Local Government Accounts committees, has tasked officials from Post Bank Uganda Limited, MTN and Airtel to provide accountability for the 2.85 billion Shillings reportedly spent on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. …

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WFP gets Shs 490bn for refugee crisis

UN agency says it needs more aid to stave off looming crisis Kampala, Uganda | RONALD MUSOKE | The United Nations World Food Programme (WFP) has commended several donors for their recent response to the call to ramp-up funding for the refugee response in Uganda. According to WFP, since 2020 …

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OPM delivers relief items to Kagadi flood victims

Kampala, Uganda | THE INDEPENDENT | The Office of Prime Minister -OPM has delivered relief items to people who were affected and relocated by floods from the rising Lake Albert water levels at various landing sites in Kagadi district. More than 4,000 people in Ndaiga sub county were displaced from their …

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