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May 39 results
16:56
16:56

Parliament Closes with the Approval of 5 Trillion Shillings Loans in 2 Days 10th parliament 2 1

The 10th Parliament has come to an end with the approval of five loans worth 4.8 trillion shillings in just two days.
12:57
12:57

National Budget Increased to UGX 44.7 Trillion loans 1 1

Last week, Finance Minister Matia Kasaija tabled a budget of 41.2 trillion shillings for the next financial year, which was a reduction of 4.3 Trillion Shillings from last year's budget.
07:33
07:33

Gov’t Revises Irrigation Loan Request Downwards by UGX 26 Billion loans 2 1

Parliament had authorized the government to borrow up to 445 billion Shillings (101.88 million euros) from the UK Export Finance for the development of the solar-powered irrigation and water supply system, a project which seeks to develop 920 water supply systems for both domestic use and irrigation nationwide over a three-year period.
06:06
06:06

Parliament Approves Loans Worth UGX 18.6 Trillion in 2020 Auditor General 1

According to the report, 17 loan request proposals authorizing government to borrow were approved. These were tabled by government through the Ministry of Finance, Planning and Economic Development and considered by the House National Economy Committee.
08:52
08:52

MPs Reduce Loan Request for Budget Support loans 1 1

According to an MP on the committee who preferred anonymity, they have considered only urgent and immediate needs and have slashed over 900 billion shillings to reduce the debt burden.
17:13
17:13

Domestic Borrowing Will Not Hurt Economy –Bahati loans 3 1

According to Bahati, if the whole 6.5 trillion was being borrowed domestically, that would have been a problem, but they have decided to borrow money domestically and Internationally.
08:22
08:22

MPs Seek Review of DRC Road Funding Plan loans 4 2 Top story

The Ugandan government announced earlier that it would finance projects to surface a 223-kilometre road in the DRC as part of plans to boost trade between the two countries.
07:12
07:12

BoU Opposes Gov’t Proposal to Borrow from Domestic Market COVID-19 4 1 Top story

Domestic Borrowing is done through the issuance of government securities like treasury bills which are short term debt instruments with tenures ranging from 91, 182 and 364 days and treasury bonds with a maturity period of more than a year.
19:33
19:33

MPs Ask Government to Reduce Domestic Borrowing bank of uganda 3 1

Ruhinda North MP Thomas Tayebwa says that many businesses are facing challenges accessing loans because of the COVID-19 risks, and fears that as the government moves to borrow, many banks will withhold money from Ugandans with the hope of lending to the government.
09:45
09:45

Speaker, Development Partners Draw Battle Line Over Local Content Bill President Museveni 5 1

Anna Merrified, the European Union Acting Head of Delegation, said every ambassador has interest in attracting foreign investors to Uganda but warned of the risk of pitying local producers against their foreign counterparts.
18:08
18:08

Parliament Tasks Finance Ministry to Investigate Platinum Credit, Bayport loans 2 1

On Thursday afternoon, Gulu Municipality Member of Parliament, Lyandro Komakech raising on a matter of National Importance in parliament, said the behavior of the financial firms is hurting school teachers who are already suffering because of the lockdown.
20:47
20:47

Parliament Discussed Loans Worth UGX 2.5 Trillion in June irrigation 2

The 10 loan requests were introduced by the Ministry of Finance to Parliament in the month of June alone. They came just a month after Parliament approved another 2.9 trillion Shillings to mitigate the effects of COVID-19.
17:20
17:20

Microfinance Support Centre Seeks UGX 300b for Recapitalization loans 1 1

He adds that they intend to provide liquidity support to SACCOs and microfinance institutions, ensure revision of interest rates to borrowers, support SACCOs to develop new products, and capitalize the capacity building department at Uganda Retirements Benefits Regulatory Authority (UBRA) among others.
18:17
18:17

Banks Restructured Loans Worth UGX 2 Trillion loans restructuring 2 1

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.
16:33
16:33

Museveni Rejects 'Unclear' Loans Amounting to UGX 1.4 Trillion President Museveni 1

However, in a letter dated April 4, 2020, the president rejected the loan on the forest and resilience landscape project and the additional financing for intergovernmental fiscal transfers. He said he has a problem with the Ministry's lack of seriousness and failure to use clear language in seeking for the loan.
13:16
13:16

Govt Revises Proposal to Acquire Loans for COVID-19 COVID-19 effects 3 1

Government has revised its proposal to borrow money to mitigate the effects of Coronavirus by up to 1.3 trillion shillings.
16:40
16:40

Gov't Tables UGX 1.42 Trillion Loan Requests for City Roads, Enterprise Project loans 1 1

Government tabled a proposal to borrow US Dollars 219.40 million approximately Shillings 831.56 billion from the African Development Bank (ADB) and US Dollars 55.60 million approximately 210.73 billion from the African Development Fund to finance the Kampala City Roads Rehabilitation Project (KCRRP).
14:42
14:42

Gov’t to Borrow UGX 1.7 Trillion to Mitigate Effects of COVID -19 coronavirus 1

The Finance Minister has tabled a proposal to borrow 1.7 trillion shillings, (449.8) million dollars to mitigate the effect of the coronavirus pandemic which has slowed down the economy.
07:26
07:26

Parliament Approves Loans Worth UGX 6.15 Trillion in 2019 Auditor General 4 1 Top story

Lawrence Bategeka, the National Economy Committee Vice Chairperson told URN that all approved loans requests were important and majorly meant to finance the National Budget especially due to inadequate revenue collection.
19:13
19:13

Minister Bahati Pleads With MPs to Approve UGX 415bn Loan for Irrigation loans 3 1

Some of the areas include medium scale Irrigation schemes in Kabarole, Oyam, Kween, Nebbi, Butaleja, and Omoro. Others are small scale Irrigation schemes Arua, Ntoroko, Ibanda, Dokolo, Butambala, Gomba, Rukungiri,Kisoro,Kaabong, Napak,Manafwa among others.
May 39 results