• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
Advertisement
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Education Ministry asks commercial banks to stop pressurizing private school owners over loans

Stephen Kalema by Stephen Kalema
7 months ago
in National, News
11 0
Minister Muyingo orders arrest of teacher who exposed exam malpractice at his school

Minister JC Muyingo

Share on FacebookShare on Twitter

The Ministry of Education and Sports has asked commercial banks to stop  demanding loan payments from private school owners amid the covid-19 crisis.

The development comes in a period when owners of private schools who had acquired loans from banks are asking for help government as banks move to take over their properties for failing to pay back the loans on time.

Due to Covid-19 outbreak in Uganda, President Yoweri Museveni in March suspended operations of all learning institutions, a move which has greatly affected the cash flow of private schools, thus failing to pay back on time the loans they had acquired to run the institutions.

Hill Water

According to the Ministry of Education, schools may not be opened soon and banks have been asked to desist from pressurizing owners of schools to pay their loans since the institutions have not been operational for over four months.

The State Minister for Higher Education John Chrysostom Muyingo told this website, “Banks have been pressurizing private school owners to pay their loans yet their schools have not been operating for some months, so we have asked them to stop demanding loan payments till further notice. When schools open, we want owners to run their them in a peaceful way without any pressure until we shall say now let them start paying back their loans.”



Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com

Share2Tweet2Send
Previous Post

Uganda’s covid-19 cases hit 1000 mark after registering 23 new infections

Next Post

Jinja West FDC primaries get bloody as one contender plots arrest of close challenger on his way for nomination

Next Post
Jinja West FDC primaries get bloody as one contender plots arrest of close challenger on his way for nomination

Jinja West FDC primaries get bloody as one contender plots arrest of close challenger on his way for nomination

Subscribe to Our Newsletter

Our news in your inbox. Subscribe to receive Watchdog Uganda news in your email at no cost.

Check your inbox or spam folder to confirm your subscription.

Facebook Twitter

Contact Information

Plot 23, Yusuf Lule Road
PO Box 7661 Kampala, Uganda
Office Line: +256 777 286 815
Email: editorial@watchdoguganda.com
To Advertise:Click here

© 2020 Watchdog Uganda

No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
  • Business
    • Agriculture
    • Finance
    • RealEstate
    • Technology
  • Op-Ed
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
  • Special Report
    • Education
    • People
  • Travel
  • Video
  • Luganda

© 2020 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In