According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, commercial banks received more than 750,000 restructuring applications. Of these, 755,000 requests worth 2.028 trillion Shillings were approved.
BoU Governor Emmanuel Tumusiime Mutebile issued the warning on Thursday while appearing before Parliament’s National Economy Committee, where he was summoned to discuss the impact of the COVID-19 pandemic on the economy.
The transaction is conditional upon the approval of the company’s shareholders who will meet on July 15. The process of approval according to the rules, requires a simple majority shareholding approval. They are expected to vote and approve the deal before the sale can be concluded in Uganda.
Presiding over the handover of the ammunitions at Afoji border on Wednesday the Resident District Commissioner Moyo Bob Williams Labeja said the SPLA soldiers were shot due to mistaken identity since they were not in uniform.
The residents say that the runoff from the hilly area has created a physical crack that passes through homes and gardens, a signal of the risk the residents face. They add that a number of houses have already been damaged by the moving mass.
Lukwago made the announcement this morning following the resignation of Sarah Kanyike, who saod she was retiring from active politics. Kanyike, the Makindye East Woman Councillor has served as Deputy Lord since 2016.
“This is very welcome news for those patients with severe illness,” said WHO Director-General Tedros Adhanom Ghebreyesus during a virtual media briefing from Geneva. But he emphasized that dexamethasone was shown to have no beneficial effect for those with milder symptoms who do not need respiratory support.