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NIRA Forbids Use Of National IDs As Collateral

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Using National Identification (ID) cards as security for acquisition of loans from money lenders is illegal, the National Identification and Registration Authority (NIRA) has said, adding that this is issued for proof of identity and citizenship.The directorate of legal and board affairs at NIRA has also warned members of the public to desist from stating […]

Uganda Borrows Shs691bn From Spanish Bank After World Bank Fall Out

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Uganda will borrow 173m Euros (approx. Shs690, 941, 890, 480) to fast-track the rehabilitation of the Kampala – Malaba meter gauge railway. The infrastructure, officials from the finance ministry told Members of Parliament (MPs), will enhance trade and transport.While approving the request, the convinced MPs agreed with the officials. The legislators acknowledged that the railway […]