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Government releases 5bn to Insure Farmers against Risks

Government releases 5bn to Insure Farmers against Risks

Government has released 5 billion shillings as part of its plans to support the implementation of the Agricultural Insurance Scheme. According to a, the press release, the plan will be implemented by 10 insurance companies under the Uganda Insurers Association. Many farmers groups have already been identified as key players in this process and they […]

Youth to get loans from DFCU bank

  The Government has asked the youth to apply for loans at DFCU and Centenary Bank Branches across the country. Trade minister Ms Amelia Kyambadde says that individual youth aged between 18-35 years will get loans of up to five million shillings. Those in groups and associations will get up to 25 million shillings. Ms […]

Traders to sue commercial banks over high interest rates charged on loans

The Chairman of Kampala City Traders’ Association Everest Kayondo says they are not satisfied with the out come of their recent strike. Kayondo says that despite having resumed business, the traders still need to put more pressure on the government to put a ceiling on the interest rates commercial banks charge on loans. The traders […]

Shops closed as traders in Uganda open strike

Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]

Shops closed as traders in Uganda open strike

 Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]

UPDF to give veterans loans

The UPDF veterans now have all the reasons to smile, start off businesses or marry wives because statehouse and the UPDF have pledged to give them loan starting next financial year. A source working in the office of the presidential advisor in charge of the UPDF has told our informer that president Museveni has directed […]

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