high interest rates

Agric activists want government to introduce credit financing to farmers.

Agric activists want government to introduce credit financing to farmers.

Civil Society Organizations (CSOs) advocating for farmers’ rights have asked government to introduce agricultural credit finance for small hold farmers to enable the produce in large quantities. The farmer’s CSOs led by the National Farmers’ Association (NFA) and Caritas Uganda say that   agricultural productivity has gone down due to limited accessible agricultural credit financing. While […]

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 […]

Traders to sue commercial banks over high interest rates charged on loans

The Chairman of Kampala City Traders’ Association Everest Kayondo says they are not satisfied with the out come of their recent strike. Kayondo says that despite having resumed business, the traders still need to put more pressure on the government to put a ceiling on the interest rates commercial banks charge on loans. The traders […]

Traders strike in Uganda ends

 Ugandagovernment has lost over 6 billion shillings during the three day traders strike in Kampala Capital City Authority. On Wednesday this week thousands of Traders inUgandaespecially inKampalaclosed their shops protesting against the high interest rates commercial banks charge on loans.  The traders strike was peaceful although the police arrested some of the traders it suspected […]

Shops closed as traders in Uganda open strike

Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]

Shops closed as traders in Uganda open strike

 Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]