Commercial Banks
-
National
Private sector credit declined 0.2 percent in June 2023
KAMPALA – The total value of private sector credit [PSC] approved in June 2023 for disbursement by local commercial banks declined by 0.2 percent to about Shs 1.2 trillion, from about Shs…
Read More » -
Cooperatives & Communities
Don’t rush to become MDIs, big SACCO told
MBARARA – The chairman Besania SACCO in Mbarara Benson Nduhura has advised thriving SACCOs in western Uganda to transform into multipurpose cooperatives to boost members’ savings instead of hurrying to become microfinance…
Read More » -
Energy & Mining
Register your businesses to benefit from oil & gas sector, Masindi locals told
MASINDI– Proprietors of small and medium enterprises [SMEs] in Masindi district have been advised to formalise their businesses if they are to benefit from the different oil & gas sector opportunities available…
Read More » -
Cooperatives & Communities
Govt will revive Cooperative Bank, says minister Bahati
KAMPALA– Government is in the initial stages of reviving the Cooperative Bank, according to State Minister for Trade, Industry and Cooperatives, David Bahati. Bahati made the revelation in Kampala on Tuesday during…
Read More » -
Finance & Banking
ACF: Teso farmers call for commercial banks to stick to 12 percent interest rate
SOROTI – Some farmers in Teso Sub-region have asked the Bank of Uganda to ensure that commercial banks stick to the annual 12 percent interest cap for loans taken under the Agricultural…
Read More » -
Technology
Micro-scale Irrigation Programme: Amuru farmers turn to banks for loans
AMURU – Farmers in Amuru district who have been identified to benefit from the Micro-scale Irrigation Programme are seeking loans from commercial banks to enable them to participate in the programme spearheaded…
Read More » -
Finance & Banking
Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
Read More » -
Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
Read More » -
News
Co-operators challenged on mind-set change, saving culture
MBARARA– As Uganda joins the rest of the countries to celebrate the International Day of Cooperative, State Minister for Cooperatives- Fredrick Ngobi Gume has encouraged co-operators in the country to save if…
Read More » -
Cooperatives & Communities
Deposit protection fund donates items worth Shs 20 million to St. Jude Orphanage
GULU – The Deposit Protection Fund of Uganda (DPFU), a government agency that works in partnership with the various commercial banks in the country has donated items worth Shs 20 million to…
Read More »