Commercial Banks
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News
Global and African Financial Experts Urge Action to Enhance Smallholder Farmer Financing
NAIROBI, March 20, 2025 — Leading global and African financial experts have issued a resounding call to align financial structures with the needs of smallholder farmers. Speaking at a two-day conference on…
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News
Commercial farmers in Northern Uganda urged to go for cheap ACF loans
LIRA CITY, March 5, 2025 – Commercial farmers in Northern Uganda have been encouraged to apply for loans under the Agricultural Credit Facility [ ACF ] to enhance agricultural productivity. The ACF…
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News
Credit unions in US defend income tax exemption
NEW YORK, February 18, 2025 — Credit Unions in the United States of America [U.S.A] have launched a campaign explaining how they are different from commercial banks so that they can be…
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News
Banks issued Shs 1.5trn in loans ahead of festive season
KAMPALA, 4 January 2025 – The Government has reported that commercial banks in Uganda extended loans amounting to at least Shs 1.5 trillion to various clients in the lead-up to the Christmas…
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News
WSACCO CEO urges members to boost their savings
FORT PORTAL CITY, September 19, 2024 — Col. Joseph Freddy Onata, Chief Executive Officer of the Wazalendo Savings and Credit Cooperative Society [ WSACCO ], has encouraged members to increase their savings…
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News
AfDB and Rwanda sign partial credit guarantee agreement to support green and social initiatives
NAIROBI, June 5, 2024 – The African Development Bank [AfDB] and the Government of Rwanda have signed a partial credit guarantee agreement to support Rwanda’s mobilisation of financing for green and social…
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News
AfDB approves US$ 150mln for Trade & Development Bank
ABIDJAN, February 29, 2024 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 150 million Trade Finance Unfunded Risk Participation Agreement [RPA] facility between the AfDB,…
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National
Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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Northern
BoU injects Shs 800bln in agriculture
LIRA, October 21, 2023 – The Bank of Uganda [ BoU ] has so far disbursed Shs 800 billion to farmers in the country under the Agricultural Credit Facility [ACF] introduced by…
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Opinions & Commentary
Central banks can fight inflation without massive handouts to banks
LONDON, September 6, 2023 – To fight inflation, central banks have to increase interest rates. Their operating procedure consists of raising the rate of remuneration on commercial banks’ reserves held at the central…
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