comparemela.com

Latest Breaking News On - Uganda hotel owners association - Page 8 : comparemela.com

Hotels, tour operators struggle to stay afloat

UDB needs Shs700 billion to finance appraised projects

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

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. Advertisement 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.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.