Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Landlords welcome Museveni’s directive to reschedule rental arrears’ payment

Matooke Republic by Matooke Republic
May 6, 2020
in Business
Reading Time: 2 mins read
Share on FacebookShare on Twitter

In his 13th address to the nation on the ongoing Covid-19 pandemic lockdown, President Yoweri Museveni finally pronounced himself on the rent impasse, directing that landlords should give tenants time to pay their rental arrears.

“Banks and landlords should stop acting like Shylock in the Merchant of Venice (Shakespeare novel), asking for a pound of flesh. Restructure loans and rental payments,” Museveni said during his address on Monday.

Landlords have welcomed Museveni’s directive to reschedule payment of rent arrears instead of evicting tenants..

“I entirely agree with the President on giving tenants a grace period to clear their outstanding rental dues as long as tenants are aware of their outstanding rental arrears. This lockdown has not only affected tenants but also other people including landlords. Majority of us rely on rental fees to service bank loans, which we borrowed to set up arcades,”  Drake Lubega, one of the big landlords in Kampala was quoted by Daily Monitor.

RelatedPosts

Ticketing Fintech Innovators Kyeyo, Mayanja, and Ssemakula partner with Next Media to improve and ease event ticketing experience

BoU grants license to Armada Credit Bureau, the fourth in the country

President Yoweri Museveni addressing the nation.

Business came to a standstill more than a month and a half ago after the president directed a 14-day suspension of public transport and public gatherings including bars and places of worship. This was followed by a further 14 days where private transport was also banned, save for essential service workers who were issued stickers. This move meant shops downtown had to remain closed.

Another 21-day lockdown that elapsed on Tuesday saw Museveni increase it to a further 14 days after Covid19 cases were reported in the community. However, a few businesses like wholesale shops, hardware shops and garages were allowed to open.

Uganda has so far reported 98 cases and no deaths, with the bulk of cases in the last three weeks being reported among cross border truck drivers from Kenya and Tanzania. Neighboring countries Kenya and Tanzania have been hit harder by the Pandemic with Tanzania cases standing at 480 and 16 deaths and Kenya 535 and 24 deaths. However, Museveni says closing the borders to cargo is “suicidal for the economy.” Worldwide, the cases stand at 3.6m with 1.2m recoveries and 257,000 deaths.

Tags: LockdownRent
Previous Post

Sheilah is wearing out passports while many of you attacking her are wearing out socks – Frank Gashumba

Next Post

Generosity: Irene Ntale sends some ‘ka money’ to random followers in need during these hard COVID-19 times

Related Posts

Ticketing Fintech Innovators Kyeyo, Mayanja, and Ssemakula partner with Next Media to improve and ease event ticketing experience

7 days ago
Armada Offices at H&G Chambers building on Lumumba Avenue in Kampala.

BoU grants license to Armada Credit Bureau, the fourth in the country

1 week ago
Next Post
Irene Ntale

Generosity: Irene Ntale sends some ‘ka money’ to random followers in need during these hard COVID-19 times

JUST IN

President Yoweri Museveni.

Museveni calls for vigilance amid renewed terror threats

December 4, 2023

Singleton Match Play Challenge Season 7 Grand Finale: A night of elegance, golfing excellence, and triumph

The Marketers biggest night, as UMEAs 2023 Shine a Spotlight on Marketing Excellence!

Cheptegei to make marathon debut in Valencia this Sunday

An electrifying finale awaits at Singleton Match Play Challenge this Saturday

Princess Ssangalyambogo lands Sports Analyst job in the UK

How a 70-year-old woman in Masaka managed to give birth to twins

JOBS

Hot Right Now

Princess Ssangalyambogo lands Sports Analyst job in the UK

The Marketers biggest night, as UMEAs 2023 Shine a Spotlight on Marketing Excellence!

I still have a slot for another wife — MP Nsereko

Matooke Republic

© Matooke Republic 2022

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

© Matooke Republic 2022