Breaking

Archive

Jan 8 results
11:59
11:59

Banks Start Reducing Lending Rates bank of uganda 1 Top story

A number of commercial banks have announced reductions in lending rates following Bank of Ugandas recent cut in its benchmark lending rate. Banks that have announced reductions in lending rates are Housing Finance Bank, United Bank of Africa, Diamond Trust Bank, Standard Chartered Bank, GT Bank, Tropical Bank, and ABC Capital Bank.
13:47
13:47

BoU Links Govt Borrowing To High Interest Rates central bank rate 2

Mulema said even if the Bank of Uganda reduces the Central Bank Rate, there may be no real change in interest rates as long as government borrowing remains strong.
14:06
14:06

Bankers Explain High Interest Rates geoffrey onegi-obel 4

According to Kasekende, other factors banks consider in determining interest rates are risks. He says private sector borrowers tend to have low repayment compliance so a bank has to factor in the possibility of a loan not being repaid well or not at all.
18:19
18:19

Masaka Teachers Defy UNATU, Access Disputed Funds 2 1

Juliet Nantongo, the South Buganda Teachers SACCO accountant says the first batch of 250 million Shillings was borrowed out by June this year.
18:34
18:34

BoU Calls For Full Disclosure on Loans financial literacy

The Bank of Uganda has clarified that every commercial bank is required to act fairly and reasonably in all dealings with its customers and not take advantage of them.
11:22
11:22

KACITA Strike Starts to Bite Individual Traders traders strike

Most shops and other businesses in and around Kampala remain closed as traders’ strike enters the second day on Thursday.
15:49
15:49

Nwoya District Sets Interest Rate on SACCO Loans revolving fund

The Nwoya district authority has introduced new interest rates for village saving and credit organizations in a move intended to increase agricultural production.
15:31
15:31

Traders Petition Parliament as Interest Rates Soar high interest rate

City traders under the Kampala City Traders Association (KACITA) have petitioned the Speaker of Parliament over the increasing interest rates that have affected their businesses.
Jan 8 results