News Uganda Loans: Uganda: Ham Vs. DTB and the Licensing of Foreign Lenders in Uganda: Much Ado About Nothing
Opinion - The Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal in Ham Enterprises Ltd, Kiggs International (U) Ltd and Hamis Kiggundu vs. Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Ltd (Civil Appeal No. 13 of 2021). The court held that a lending transaction between a foreign bank and a Ugandan borrower does not constitute "transacting financial institutions business" as defined by the Financial Institutions Act 2004 ("FIA"). This finally clarifies that a foreign lender do
News Uganda Loans: Uganda walks a tightrope as public debt soars
Uganda’s economy could be placed in a chokehold as burgeoning public debt and interest to creditors continues to spiral restricting expenditure towards the most productive sectors.“You heard your budget of Shs52 trillion. While I support that budget because there is no other solution in the short run, it is important to know that Shs17 trillion is to pay debts,” President Museveni posted on Thursday shortly after the National Budget for...
News Uganda Loans: Ham Vs. DTB and the Licensing of Foreign Lenders in Uganda: Much Ado About Nothing [opinion]
![Ham Vs. DTB and the Licensing of Foreign Lenders in Uganda: Much Ado About Nothing [opinion]](/img/noticias/202306/ham-vs-dtb-and-the-licensing-of-foreign-.jpg "Ham Vs. DTB and the Licensing of Foreign Lenders in Uganda: Much Ado About Nothing [opinion]")
The Supreme Court of Uganda gave its judgment last week in the much-anticipated appeal in Ham Enterprises Ltd, Kiggs International (U) Ltd and Hamis Kiggundu vs. Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Ltd (Civil Appeal No. 13 of 2021). The court held that a lending transaction between a foreign bank and a Ugandan borrower does not constitute "transacting financial institutions business" as defined by the Financial Institutions Act...
News Uganda Loans: Uganda
Mary Goretti Kitutu was in charge of delivering iron sheets to victims of disasterImage caption: Mary Goretti Kitutu was in charge of delivering iron sheets to victims of disaster Uganda's ...
News Uganda Loans: Category - Uganda Travel
Breaking news from Uganda – Travel & Tourism, Fashion, Entertainment, Culinary, Culture, Events, Safety, Security, News, and Trends. Uganda travel & tourism news ...
News Uganda Loans: Uganda: New Anti-Gay Bill Further Threatens Rights
A bill introduced in Uganda’s Parliament criminalizing same-sex conduct and sexual and gender identity, if adopted, would violate multiple fundamental rights, Human Rights Watch said today. Among others, such a law would violate the rights to freedom of expression and association privacy, equality, and non-discrimination.
News Uganda Loans: Best Business Loans Of March 2023
Commissions do not affect our editors' opinions or evaluations. Small business loans let eligible business owners borrow funds to cover company-related purchases and operating expenses.
News Uganda Loans: Uganda considers bill to criminalize identifying as LGBTQ
Uganda’s parliament on Thursday took up a bill that would criminalize identifying as LGBTQ, with lawmakers saying the current ban on same-sex relations does not go far enough. Anti-LGBTQ ...
News Uganda Loans: Uganda: Enhance Trade Between Developing Countries and the Western World- Tayebwa
Addressing the 146th Assembly of the Inter-Parliamentary Union in Manama, Bahrain, Tayebwa listed bottlenecks that are hampering the growth of some member states ...
News Uganda Loans: Committee dismisses minister Musasizi over loans performance
Parliament's committee on national economy Thursday afternoon dismissed finance state minister Henry Musasizi for presenting "inconsistent" documents.The minister was accompanied by representatives of agencies under his supervision, including Uganda Development Bank (UDB) and Private Sector Foundation Uganda (PSFU).They had been scheduled to present performance reports on loans they have received over time.Following a one-hour adjournment,...
News Uganda Loans: How much home loan can your salary secure?
In 2001, Imelda Bahemuka, a resident of Kacwamba Trading Centre, was approached by a loans officer to join a financial support group of women. Although she was initially hesitant, she eventually joined the group. After receiving about 10 loans from this group, she had built a good reputation to borrow more money to build her home.“I used the money to construct two housing units; one completed and the other still under construction which now acts...
News Uganda Loans: Uganda Railways Corporation, Finance fight over $301m loan cash
A bitter row has broken out between the ministry of Finance, Planning and Economic Development and the Uganda Railways Corporation (URC) over the application of $301 million (about Shs 1.1 trillion) ...
News Uganda Loans: Auditor General queries airport loan deal inaction
Ugandan officials did not append their signatures to an addendum that would have led to changes to the terms of a $200m loan. The Auditor General’s latest report has spared no criticism for a ...
News Uganda Loans: Uganda: How Will Banks Perform As the Economy Recovers?
Stanbic Uganda, Centenary Bank, Absa, Standard Charted Bank and Bank of Baroda all reported a sharp increase in net profits due to growth in private sector credit and repayment of loans that ...
News Uganda Loans: Motorbikes on loans turn curse for riders
What usually follows is a weekly payment of Shs83,000 for the next 24 or 36 months, bringing the total loan portfolio to between Shs8m and Shs12m for a motorcycle that would have cost Shs5.1m.
News Uganda Loans: Minister Kasaija’s nasty loan deals
While releasing the 2019/2020 report, Uganda’s Auditor General John Muwanga voiced his frustration that loan negotiators had ignored his firm advice to always protect Uganda’s sovereignty and ...
News Uganda Loans: MTN Uganda introduces overdraft facility as it step-ups competition in digital lending space
Africa’s mobile-money sector remains the most active of any region in the world according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications ...
News Uganda Loans: MTN Uganda introduces overdraft facility as it steps up competition in digital lending space
Africa’s mobile-money sector remains the most active of any region in the world, according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications ...
