Through the market community radio, the RDC Sulaiman Ogajjo Barasa announced that the District COVID-19 taskforce had resolved that the market be closed temporarily until they put all the presidential guidelines in place. He said that the vendors had failed to adhere to the guidelines and advised them to stay home until further notice.
BOU says it has granted exceptional permission to banks to restructure loans of corporate and individual customers including a moratorium on loan repayment for borrowers that have been affected by the pandemic, on a case by case basis for up to 12 months, effective April 1, 2020. BOU adds this is still at the discretion of the banks.
Sipa Resources said in a statement dated March 30, 2020 that “holding costs for the company’s Uganda project have also been significantly reduced whilst a new partner is sought following Rio Tinto’s withdrawal from the Farm-in and Joint Venture Agreement on 30 April 2020.”
The Ugandan government had earlier on announced that its borders would be closed, in order to forestall the spread of the virus, which has killed more 65, 000 People across the world. So far, the confirmed cases of coronavirus in Uganda stands at 52 people, the majority of which, were all imported by travellers from Dubai, the United Kingdom and the United States of America.