When Henry Musasizi, the finance minister, told Journalists on the sidelines of the Uganda Development Bank’s annual general meeting that he wants the bank’s lending rate to fall from 12% toward single digits, he seemed to describe a goal that sits awkwardly next to his own ministry’s borrowing habits. Commercial banks charge businesses an average…
Finance Minister Henry Musasizi has told the Uganda Development Bank (UDB) to put its financing muscle behind the country’s anchor growth sectors, saying this is what will get Uganda to its target of a USD 500 billion economy by 2040. Musasizi was speaking during a meeting with UDB’s Board of Directors and management at the…
The Minister of State in charge of Industry at the Ministry of Trade, Industry and Cooperatives, David Bahati, has asked commercial institutions to establish innovative financing solutions for manufacturing sector, in a bid to boost its growth. This, he said while officiating the Uganda Manufacturers Association (UMA) 2nd Financial Symposium at Lugogo on 10th June…
