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Banks to unveil Shs1tn export credit facility

It will boost manufacturing and bridge the funding gap to the sector that holds great potential for Uganda’s growth Kampala, Uganda | THE INDEPENDENT | Uganda’s commercial banks are planning to provide Shs1trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, …

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Banking industry to develop long term export credit facility

Kampala, Uganda | THE INDEPENDENT | The Ugandan borrowing public will continue enduring a high cost of credit for as long as the current inflation and foreign exchange rates continue skyrocketing, according to the Bank of Uganda. This is in response to calls by the private sector, especially the manufacturers, that …

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