Matooke Republic
Thursday, July 3, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

There won’t be any bailouts because we don’t have the money – Mutebile

Matooke Republic by Matooke Republic
August 8, 2016
in Business, Featured Stories, Money, News
Reading Time: 1 min read
Share on FacebookShare on Twitter

RELATED POSTS

UPDF helicopter crashes near Mogadishu Airport, killing five people

NRM supporters sent to prison over street robbery during Museveni’s nomination event

Mutebile
BoU Guvnor Tumusiime Mutebile.

Bank of Uganda Governor Tumusiime Mutebile has weighed on the proposed Shs1 trillion bailout for distressed companies.




Three weeks ago, news made rounds that some of the biggest companies and the richest individuals in the country were seeking government bailouts to avoid collapse.

Notable among these were Roofings Steel Rolling Mills and Patrick Bitature’s Simba Group that were each seeking Shs201 billion to relieve their debt burdens. Young tycoon Hamis Kiggundu was also seeking Shs38 billion to save his Ham Towers.

Mutebile has cautioned government on any intentions they have to bailout companies and advised against it.

“I have not seen a definite proposal on introducing bailouts in this stage

“I hope there won’t be any bailouts because I don’t think we can afford them,” Mutebile said.

“We cannot afford many bailouts because government doesn’t have the money,” he said.




Related

Tags: #bailoutBank Of UgandaMutebile
ShareTweetSend
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Opportunity Bank dominates Agricultural Credit Awards, wins 9 of 16 top honors

by Matooke Republic
1 month ago

...

Gift Shoko, Managing Director of Equity Bank Uganda.

Equity Bank Uganda recognized as Domestic Systemically Important Bank for third consecutive year

by Matooke Republic
1 month ago

...

Dr. Michael Atingi-Ego.

Meet Dr. Michael Atingi-Ego, the newly appointed BoU Governor who has served as Deputy Governor since 2020

by Matooke Republic
5 months ago

...

Bank of Uganda Deputy Governor Michael Atingi-Ego.

Bank of Uganda denies hacking in Shs60 billion fraud scandal, explains circumstances

by Matooke Republic
7 months ago

...

Valentine’s Day: BOU reminds public against using money notes in bouquets

by Matooke Republic
1 year ago

...

Next Post

State lines up six more witnesses to testify against Besigye

Bebe directing President Museveni on what to say.

It turns out Bebe Cool directed Museveni's apology video where he called him his son

RECOMMENDED

UPDF helicopter crashes near Mogadishu Airport, killing five people

July 2, 2025

NRM supporters sent to prison over street robbery during Museveni’s nomination event

July 2, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3749 shares
    Share 1500 Tweet 937
  • Dj Karo finally wins over Cedric Babu’s heart, introduction underway

    179 shares
    Share 72 Tweet 45
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    89 shares
    Share 36 Tweet 22
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    80 shares
    Share 32 Tweet 20
  • Cedric Babu Ndilima, son of Capt. Francis Babu, dies after battle with heart condition

    118 shares
    Share 47 Tweet 30
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.