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Mortgaged Country: Uganda’s Rising Public Debt Unsustainable-Report

A latest report says Uganda is increasingly becoming a mortgaged country, a thing that is unsustainable, Business Focus reveals. A report by Parliament’s Budget Committee on Budget Estimates for 2017/18 indicates that the current public debt situation for Uganda is unsustainable. “This is evidenced by the fact that, out of the total

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Revealed: Top 10 Ugandan Banks with Largest Non-Performing Loans

On October 20, 2016, the Bank of Uganda (BoU), the regulator of Uganda’s financial sector, took over the management of Crane Bank Ltd after it (Crane Bank) became “a significantly undercapitalized institution.” Consequently, on February 27, 2017, BoU announced the acquisition of the now defunct Crane Bank by dfcu. The collapse

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