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Uganda to host African tourism forum
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Ugandan economy suffers as second lockdown bites
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Daily Monitor
Tuesday May 04 2021
S. Sivakumar, the chief executive officer Afroplast Enterprises, shows African Development Bank Uganda officials the products produced using the equipment that was purchased using the loan from the bank. UDB follows certain criteria in giving out loans to ensure that funds will be repaid to fund other viable projects. PHOTO/STEPHEN OTAGE
Summary
As attempts at resuscitating the economy continue building up, the private sector still needs to access affordable and long-term credit lines, to propel investments, expansion of production lines and services. In an interview with
Prosper Magazine, Samuel Sedem-Maitum, Uganda Development Bank’s director for credit says Shs444 billion of the Shs455 billion economic stimulus intervention fund from the government has already been committed to various projects? But the development lender now needs at least Shs709 billion to finance already appraised projects.
Financial, legal considerations to note
Friday April 09 2021
Summary
Hotels are in urgent need of liquidity. Globally, it is expected that recovery in the anchor travel sector will be slower than after the SARS outbreak and 9/11 terror attacks.
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Disruptions caused by the impact of Covid-19 have created a mixed bag of opportunities and challenges for all sectors of the economy. Its impact on the hospitality sector, especially hotels has also affected banks.
Hotels are in urgent need of liquidity. Globally, it is expected that recovery in the anchor travel sector will be slower than after the SARS outbreak and 9/11 terror attacks.
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