Loan
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Northern
Kwania recovers Shs 90mln from youth
KWANIA – Authorities in Kwania district have so far recovered Shs 90 million from the beneficiaries of the Youth Livelihood Programme [YLP] run by the Gender ministry. In mid-2014, the government through…
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Cooperatives & Communities
Alebtong VSLAs get Shs 60mln soft loan from Islamic Development Bank
ALEBTONG – Islamic Development Bank has given a Shs 60 million soft loan to four village savings and loans associations [VSLAs] in Alebtong district. The money was provided through Local Economic Growth…
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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Northern
Equity Bank, SunCulture avail loan facility to help farmers acquire solar-powered irrigation equipment
LIRA– Equity Bank Uganda in partnership with SunCulture Uganda has launched a loan facility to help smallholder farmers in Lango and Acholi sub-regions to acquire solar-powered irrigation equipment. The loan partnership launched…
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Cooperatives & Communities
Ngora: 58 PDM SACCOs stuck with cash in bank accounts
NGORA – A total of 58 Parish Development Model Savings and Credit Cooperative Societies [PDM SACCOs] in Ngora district are yet to distribute the funds to the beneficiaries despite the district launching…
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Cooperatives & Communities
Huge debts force Banyankole Kweterana Coop to sell prime land
MBARARA – Members of the struggling Banyankole Kweterana Cooperative Union [BKCU] have unanimously supported the sale of 55 acres of land located in Kashari North, Mbarara district to enable their union settle…
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Cooperatives & Communities
Emyooga: Apac struggling to recover Shs 50mln from politicians
APAC – Supervisors of Emyooga Programme in Apac Municipality and Apac district are struggling to recover Shs 50 million loaned to different Emyooga SACCOs owned by politicians in the two administrative units.…
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Finance & Banking
MPs approve over Shs 355bln loan for INVITE project
KAMPALA – Government’s request to borrow up to US $96 million [Shs 355.5bln] to finance the Investment for Industrial Transformation and Employment [ INVITE ] project has been okayed by Parliament. The…
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Cooperatives & Communities
Fish vendors reap big through cooperatives
LIRA – Fish vendors especially women are reaping big from the business after getting soft loans from local cooperatives. One of the cooperatives supporting the fish vendors in Lira Main Market is…
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Cooperatives & Communities
Hot debate in parliament over money lender’s death
KAMPALA – The murder of Uttam Bhandari, a city money lender by a police officer, Ivan Wabwire, has stoked debate in parliament on mental health, minimum wage and exorbitant interest rates in…
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