“The payment of deferred dividends shall be considered on a case-by-case basis, it will be subject to the financial institutions submitting a satisfactory forward-looking internal capital adequacy and liquidity assessment that demonstrates that the banking institution has adequate resilience to absorb losses from an adverse scenario,” says the Bank of Uganda Statement.
Parliament Budget Committee today questioned government’s request for a 487 Billion Shillings loan to finance Uganda’s initial equity shares and historical costs for the East African Crude Oil Pipeline (EACOP) project without adequate documentation.
Cassava and grain plantations have since been razed as animals tramp on vegetation across several villages in the district. But with the destruction came the rampant death of animals, in what is believed to be an act of vengeance by those being angered by the damages.
According to the Capital Markets Authority, CMA-the most common source for medium and large scale enterprises are commercial banks, while micro and small businesses get capital from personal savings, friends and relatives and recently savings credit organisations.
Gen Lokech specifically pointed fingers at the Resident District Commissioners, District Police Commanders, and some political heads as some of the offices through which crime is abetted. Gen Lokech linked the current “abnormal” temperature experienced in the region to the plunder of forest resources and destruction of the forest cover.
Last year he told President Museveni to stop focusing on the ‘small money’ – referring to the tax standoffs which were delaying the final investment decisions – and instead move forwards faster towards commercial production.