By Gerald Businge on February 1, 2012
association, bank, bank loans, city, city traders, Commercial Banks, corporate businesses, country, development, economic crisis, high interest rates, interest, interest rates, kampala, long term relationship, news, press, result, traders association, Uganda Development Bank, umbrella, umbrella association
Celebrity gigs, Gossip, Latest Uganda News, Stories Unusual
As a result of the recent hikes of interest rates in the market, many corporate businesses are encountering difficulties in paying back the loans they have acquired from the commercial banks. A couple of weeks back, the traders in Uganda through their umbrella association of ‘Kampala City Traders Association’ staged a sit-down strike protesting against […]
By Gerald Businge on February 1, 2012
bank, bank loans, bank managers, banks, budget, Centenary, Commercial Banks, DFCU, Finance, finance minister, form, interest, interest rates, kiwanuka, Media, memorandum of understanding, minister, national budget, ofUgandafor, shillings, Stanbic, understanding, unemployed youths
Celebrity gigs, Gossip, Latest Uganda News, Stories Unusual
The government ofUgandahas agreed with commercial banks to fix interest rates to be charged on money given out to the youth in form of loans. The minister ofUgandafor Finance Minister, Maria Kiwanuka says that the banks will charge 15% for a period of six months. Some of the banks the government has agreed with include […]
