Uganda’s largest companies are increasingly turning away from Uganda Shilling loans and borrowing in US dollars instead. The shift, which has pushed foreign currency credit growth to 12.52%, is being …
-
Banking & SavingsBusinessEconomicsFinanceNews
Why Uganda’s Private Sector Is Losing Out to Government Borrowing
Ugandan businesses are fighting for survival in an economy where banks increasingly prefer lending to the government instead of funding the private sector. Across the country, SMEs are struggling to …