Government fixes interest rates on bank loans

By Gerald Businge on February 1, 2012 bank, bank loans, bank managers, banks, budget, Centenary, Commercial Banks, DFCU, Finance, finance minister, form, interest, interest rates, kiwanuka, Media, memorandum of understanding, minister, national budget, ofUgandafor, shillings, Stanbic, understanding, unemployed youths Celebrity gigs, Gossip, Latest Uganda News, Stories Unusual

The government ofUgandahas agreed with commercial banks to fix interest rates to be charged on money given out to the youth in form of loans. The minister ofUgandafor Finance Minister, Maria Kiwanuka says that the banks will charge 15% for a period of six months. Some of the banks the government has agreed with include […]