Private sector credit

Economy

URA misses revenue collection target for 2016/17, but collects Shs1 trillion more

The Uganda Revenue Authority missed its revenue collection target in 2016/17 due to slow economic growth and low import volumes
Opinion

2017/18 Budget: Are we at a policy inflection point?

While many positive gains have been made on several fronts, Uganda needs to address its recent reduced growth rates
Patrick Mweheire, Stanbic Bank Ceo
Economy

IMF calls for more intrusive bank supervision, and revises down growth forecast

The International Monetary Fund is the latest institution to downgrade Uganda's growth projections for the current financial year, following similar updates by the World Bank and the Bank of Uganda.
Bank of Uganda's head office in Kampala.
Economy

Commercial bank lending growth slows in March

Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.
Bank signposts at Oasis Mall, Kampala
Companies

Firms faced stricter lending standards in first three months of 2017

Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.
Bank signposts at Oasis Mall, Kampala
Economy

Private sector credit expands in February year-on-year

Commercial bank's credit to the private sector in February grew 7.5% year on year, driven by personal loans and household loans, and more lending to the agriculture and trade sectors.
Bank signposts at Oasis Mall, Kampala
Economy

Commercial banks cut lending rates, but cautiously

A survey of commercial banks shows that a good number of them have cut their prime lending rate, a sign the Bank of Uganda's three consecutive rate cuts are having an effect.
A retail shopping centre in downtown Kampala, Uganda
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