The savings scheme was uniquely designed to cater for the financial needs of the Muslim community by adopting the Islamic banking model which prohibits charging of interest on loans, as well as sharing losses incurred in the funded business.
Read more ...Many warehouses around the country suffer challenges, ranging from the absence of the sizeable market for quality grains, lack of suitable storage infrastructure, difficulties in accessing finance and skills gaps among key actors
Read more ...Trade took 31 per cent of the loans while those borrowing to build or buy homes and buy land came in second taking up 25 per cent of loans in the month. The trade sector includes retailers, wholesalers, exporters, and importers.
Read more ...Last year, the Banyatereza Sisters, requested Fort Portal Municipal Council to make minor renovations on the building. The request was granted and on May 21, 2019. However, the building collapsed soon after the renovation started, injuring two people.
Read more ...Byamukama was making reference to the ongoing discussion on the National Coffee bill 2018 which is currently being scrutinized by Parliament's Agriculture committee. The bill proposes the registration of farmers, capturing details of the size of land, the number of coffee trees and particulars of the farmers, coffee buyers and sellers among others.
Read more ...But the bus operators and other businesspersons who initially expressed interest to conduct business in the bus terminal are yet to relocate. Gateway Bus Company and Teso Coach, that ply Moroto- Kampala route on a daily basis have expressed different demands to be able to relocate to the terminal.
Read more ...Noah Bulamba, the Chairperson of Tumbaali Multipurpose Cooperative Society in Masuliita Sub County says that the group has an investment portfolio of 38 Million Shillings generated from the sale of shares to members and low-interest loans. He adds that members borrow credit for personal investments such as the construction of family homes and businesses, adding that they are now focused on saving money for the future.
Read more ...As the currencies penetrate the market, State Minister for Finance Gabriel Ajedra says that the government is taking a keen interest in their operations in order to ensure that the trend does not cause any risk to the economy.
Read more ...Construction of the road, estimated to cost 97 billion Shillings, is funded by the World Bank through the second phase of the Kampala Institutional Infrastructure Development Project 2 (KIIDP 2). The road covers 2.66km in Kampala and 5.4km in Wakiso district.
Read more ...The Authority has issued Green weather alert for Friday morning indicating that moderate winds from the South East will prevail over Entebbe and the Northwest zone. Isolated thunderstorms are expected in few places in the afternoon following occurrences of light rains in the morning. Friday night sky will be partly cloudy as small waves prevail on the Lake.
Read more ...The Minister of Works and Transport, Eng. Monica Azuba says that the Uganda National Airlines will commence its first commercial flights in August because it has not yet acquired an operating certificate.
Read more ...Festus Luboyera, the Executive Director Uganda National Meteorological Authority (UNMA), the implementing agency of the Highway Project, says at least 2,000 people are killed by bad weather on the Ugandan side of Lake Victoria annually.
Read more ...Latest estimates indicate that about seventy thousand farmers have so far accessed the agriculture Insurance premium subsidy scheme. But the Central and Western Uganda have seemingly taken the lion’s share of the premium now at about 40% according to study by Economic Policy Research Centre EPRC.
Read more ...Uganda's Meteorological Authority - UNMA has issued Green weather alert for Thursday night and Friday morning for fishermen and marine transporters operating in all the four marine zones in Lake Victoria.
Read more ...Sybyl Limited (Uganda), Senid Business Solutions PVT Ltd from India and Sybyl Kenya Limited will design, supply and help government implement the Integrated Government Human Capital Management System.
Read more ...Museveni’s endorsement stemmed from series of consultations with Lango Parliamentary Group, Parliament committee on agriculture, animal industry and fisheries, and Lands Ministry among others. In his recommendations, President Museveni argued that such a huge project can only be best done on government land.
Read more ...The Agriculture, Animal Husbandry and Fisheries Minister, Vincent Ssempijja announced the freeze on the distribution of livestock vaccines at the government owned Uganda Media Center on Thursday afternoon.
Read more ...The Town Clerk, tasked all the LCI Chairpersons to engage in levying taxes in a bid to ensure service delivery in their areas.
Read more ...Minister Ssempijja adds that the local dealers will be certified and the list published every season to enable farmers know the right places to purchase inputs from.
Read more ...Speaking at the ground breaking ceremony on plots 71-75 Yusuf Lule Road and Plots 24-26 Clement Hill, Kampala this morning, Rose N. Kafeero, the Permanent Secretary of the IG, said the 15 storied building will cost them Shillings 69Billion.
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