Private Credit Stuck At 12.4% Of GDP, Says UBA
Uganda’s private sector credit remains stuck at about 12.4% of GDP, one of the lowest levels in East Africa, the executive director of the Uganda Bankers Association (UBA), Wilbrod Owor, said. Currently, Owor said only a fraction of the businesses needed to support the country’s ambitious growth plans borrow from banks. He made the remarks…
