Tag Archives: credit

A storm is brewing in global finance after the African Export-Import Bank, popularly known as Afreximbank, terminated its credit rating relationship with Fitch Ratings in a move that has sent shockwaves through African financial markets. In a sharply worded public statement, Afreximbank said the credit rating exercise “no longer reflects a good understanding of the Bank’s Establishment Agreement, its mission, …

  A major financial scandal has erupted in Uganda’s microfinance sector after Hon. Rose Obinga, the Woman Member of Parliament for Terego District, personally stormed the offices of Premier Credit Limited in Arua City. In a viral, high-tension video, the “tough-talking” legislator accused the subsidiary of The Platcorp Group of operating a calculated debt trap that allegedly exploits poor civil …

KAMPALA– The Uganda Cooperative Savings and Credit Union (UCSCU) has launched the Development Educators–Uganda Network, a platform aimed at strengthening the role of Savings and Credit Cooperative Organisations (SACCOs) in promoting sustainable development. Some of the Sacco leaders who participated in the meeting.   The launch took place during a Development Educators’ breakfast meeting at Fairway Hotel in Kampala under …

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