The initiative, funded by the World Bank with a budget of 802 billion Shillings, aims to financially empower women by providing affordable capital. It is implemented in collaboration with the Ministry of Gender, Labor, and Social Development, and the Private Sector Foundation Uganda (PSFU).
The order to wind up comes after NC Bank failed to recover 868,250,000 Shillings from Jomayi and petitioned the court to declare the company insolvent and unable to pay its debts.
The IDR is given by the rating firm to a financial institution based on international lenders' opinion of its ability to pay. The Government Support Rating is equalized with Uganda's sovereign rating, reflecting Fitch's view of the authorities' high propensity to provide support.
Under the multi-party dispensation, Dr. Gerald Siranda Blacks, the DP’s Secretary General argues that the Administration of Parliament Act and Rule 196 of the Rules of Procedure of Parliament allows parties to nominate members for designation by their respective Whips in the House but the same rules undermine powers to recall the nominees.
Elwelu stressed that the Sacco leadership must invest wisely and provide financial literacy training to members, enabling them to make purposeful investments with high returns.
Founded by Sarah Nabuuma Nyanzi, the school commenced its journey with merely two pupils in a modest boys' quarter of her Lungujja residence in 1995. With determination, Nyanzi painstakingly built the school brick by brick.
Johnson Muhinda, the Chairperson Ntungamo District Head Teacher’s Association, says the challenge is serious among some teachers who embark on ambitious projects, which leave them heavily indebted.
The teachers are said to have alongside loans from commercial banks gone ahead to get more money from microfinance institutions
and money lenders.
According to the Bank of Uganda act, the Central Bank Governor who is also the most senior officer in the bank also chairs the board of directors and deputized by the Deputy Governor. The other members are the Secretary to the Treasury and directors from different departments in the bank.
Justice Mulygonjas letter hasnt gone down well the speaker of parliament, Rebecca Kadaga, saying it is intended to muzzle parliamentary investigations, steal the voice of the people, intimidate and blackmail parliament and its members in the performance of their constitutional mandate.
Launched in 2009, mobile money services offered by telecom companies are now used by 19 million Ugandans across the country, to effect the movement of funds in their day to day business and private transactions. They use the service to send and receive money, make payments for utility bills, school fees, and airtime, among others.
