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    Digital Transactions Can Save UGX 179b in Printing Money Annually – BOU

    URNBanking & Financial ServicesJuly 9, 2020July 9, 2020

    Government is looking to save at least US$48 million (UGX178.5 billion) or even half used to print money every year by encouraging Ugandans to use digital platforms instead of cash…

    KCCA Issues Guidelines for Reopening of Arcades

    URNBanking & Financial ServicesJuly 9, 2020July 9, 2020

    Kampala Capital City Authority – KCCA has issued guidelines to arcade owners before the business centres can be reopened. The arcades were among the places closed during the lockdown in…

    Kampala Arcade Traders threaten to hold massive protests over continued lockdown

    URNBanking & Financial ServicesJuly 8, 2020July 8, 2020

    A cross-section of Kampala arcade traders have today vowed to go to the streets and hold massive protests over continued lockdown, a measure put in place to stem the spread…

    Court Summons Chameleon Over Tax Evasion

    URNBanking & Financial ServicesJuly 8, 2020July 8, 2020

    The Anti-corruption court has issued a criminal summons for music star Joseph Mayanja also known as Jose Chameleon, to answer to charges of failing to pay more than 137 million Shillings in…

    Employee Not Liable to Clear Loan If Wrongfully Dismissed – Court Rules

    URNBanking & Financial ServicesJuly 8, 2020July 8, 2020

    An employee whose loan is guaranteed by the employer to be recovered from their salary but is wrongfully dismissed from their job, is not liable to pay the loan, the…

    Non-Performing Loans Jump to UGX 783billion – BOU

    URNBanking & Financial ServicesThe Big StoryJuly 7, 2020July 8, 2020

    The amount of money where borrowers have not made any payments for at least three months grew by 15 per cent to UGX783 billion between January and March 2020, the…

    UBOS reports decline of House Prices in Kampala, Wakiso between April and June

    URNBanking & Financial ServicesJuly 7, 2020July 8, 2020

    Residential houses prices in Kampala and Wakiso fell between April and June 2020, an exciting time for Ugandans with cash to buy at a bargain, according to Uganda Bureau of…

    Fort Portal Roads Project Stalls Due to Lack of Funds

    URNBanking & Financial ServicesJuly 7, 2020July 7, 2020

    A project aimed at repairing major roads in Fort Portal Tourism city has stalled due to lack of funds.  About two months ago, leaders in Fort Portal launched a project…

    Parliament Discussed Loans Worth UGX2.5 Trillion in June

    URNBanking & Financial ServicesJuly 7, 2020July 7, 2020

    Parliament in June 2020 discussed and forwarded up to 10 loan requests worth UGX2.5 trillion for consideration to the National Economy committee in the wake of the Coronavirus (COVID-19). The…

    Traders Seek More Funding to Recover from COVID-19 Lockdown Effects

    URNBanking & Financial ServicesJuly 6, 2020July 6, 2020

    Kampala traders have asked the government to make more money accessible to Small Scale Traders through the Uganda Microfinance Support Centre.   Issa Ssekitto, the spokesperson of Kampala City Traders…

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