Site icon CEO East Africa

BOU report: Businesses shun loans in third quarter of year

Many SMEs in Kampala decided not to take up loans in the third quarter of this year due to a number of factors.

The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Exit mobile version