Loan
-
National
Parliament approves loan to digitalise entire country
KAMPALA, December 7, 2023 – Government is on course to digitalise the entire country, with every individual able to access the internet, the Minister of Information, Communication Technology and National Guidance, Dr.…
Read More » -
Africa
AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
Read More » -
Cooperatives & Communities
Kwania SACCO struggling to recover over Shs 70mln from borrowers
KWANIA – Abany Community Development Savings and Credit Co-operative [ SACCO ] is struggling to recover about Shs 72.6 million loaned out to its members in the 2022/2023 financial year. The SACCO…
Read More » -
Cooperatives & Communities
MP Auma donates Shs 40mln to gospel artists’ SACCO, women VSLAs
KWANIA – Kwania district Woman Member of Parliament, Kenny Auma Lapat has donated Shs 10 million to God is Good Gospel Singers’ Savings and Credit Cooperatives Society [SACCO]. The money was delivered…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »