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Postbank’s Agriculture loan book registers 70% growth in four years 

Casssava farmers in Arua District during a financial literacy training code named Agric- SME Development Programme conducted by PostBank Uganda in partnership with the Federation of Small and Medium Enterprises- Uganda

PostBank Uganda’s agriculture loan book has registered commendable growth of 70% over a four-year period, from UGX 107 billion in 2021 to a 70% growth rate by June 2024.  This impressive performance can be attributed to several factors, including; favorable lending rates, government support, and other contributing elements. The Supervisor Agriculture and Partnerships at PostBank Uganda, Julius Akais attributed the impressive performance to several factors including, targeted financial products and  value chains such as coffee, poultry, cattle keeping, grain trade (maize), and well-structured Agriculture loans that match the business or project cycle.  He also noted other factors such as financial…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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