concessional loans Archives – CEO East Africa

Preaching Water, Drinking Wine: Bank of Uganda’s Nearly Interest-Free Long-Term Staff Loans Raise Eyebrows

CEO ReporterBanking & Financial Services The Big StoryOctober 10, 2025October 17, 2025

As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the rare comfort of nearly interest-free, long-term loans stretching up to two decades. Revelations from the central bank’s latest Integrated Annual Report 2024/25 have lifted the lid on a rare privilege: access to nearly interest-free loans for central bank staff and executives, stretching up to 20 years and offered at rates between 0% and 3%. The disclosure has triggered both curiosity and criticism. For some, it’s a thoughtful staff welfare strategy,…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

EXPLAINED: What’s New on Taxes in Uganda’s 2025/26 Budget?

Paul MurungiPolitics & Goverment The Big StoryJune 12, 2025June 12, 2025

Uganda has set an ambitious target to raise UGX 37.2 trillion in domestic revenue in the Financial Year (FY) 2025/26, representing a sharp increase from the projected UGX 31.9 trillion in FY2024/25, as the government intensifies efforts to reduce dependence on debt and external financing. Delivering the budget speech at Kololo Independence Grounds, Finance Minister Matia Kasaija said the domestic revenue target will account for 60% of the national budget, with the balance to be met through a mix of concessional loans, domestic borrowing, and grants. The government is banking on stronger tax administration, increased economic activity, and digitised systems…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0