Credit Archives – Page 2 of 2

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

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

August 8, 2024

The Big Story

Some of the commercial bank brands in Uganda

Commercial Banks’ lending rates rise to 20 percent in 3 months as credit demand drops to UGX 5.1 trillion

The Central Bank of Uganda (BOU) has indicated that the quoted lending rates for commercial banks rose in the three months to April, averaging 20.8 percent, just 20 basis points (0.2 percent)

July 11, 2024

The Big Story

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

BOU report: Businesses shun loans in third quarter of year

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.”

October 19, 2023

Banking & Financial Services

BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans require an

September 13, 2023

Banking & Financial Services·East Africa·Entrepreneurship·Technology & Innovation·The Big Story

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not revealed but

August 31, 2023

Entrepreneurship·The Big Story