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Search for credit: Borrowers register 10,730 securities worth UGX 16 trillion with URSB

URSB Registrar General, Mercy K. Kainobwisho

Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication of increased search for credit.  Data contained in the URSB Annual Report for the 12 months to June 2024, indicates that during the period, borrowers registered double the number of securities against which more than 11,350 loans were advanced in the 2023/24 financial year.  Data further indicates that registered securities – as collateral for loans – increased by 57.5, rising by 4,551 from 6,179 in the 12 months to June…

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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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