Uganda Development Bank

Government urges banks to design loans that favour farmers

Government urges banks to design loans that favour farmers

Government has urged the  banking sector to design friendly loans that can be accessed by farmers and informal sectors in Uganda. Currently many banks are offering short term loans which do not favor farmers who have long term investments. Speaking during the Annual banker’s conference recently,  the Vice president, Edward Kiwanuka Ssekandi, said that much […]

Uganda Development Bank reduces interest rates

As a result of the recent hikes of interest rates in the market, many corporate businesses are encountering difficulties in paying back the loans they have acquired from the commercial banks. A couple of weeks back, the traders in Uganda through their umbrella association of ‘Kampala City Traders Association’ staged a sit-down strike protesting against […]