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@kfm Thu, 30 May 2024 05:07:40

Central Bank tasks banks to ease access to agriculture credit facility funds

The Central Bank has urged commercial banks to ease access to the Agriculture credit facility funds under the Agricultural Credit Facility. Sarah Mubuuke, the Head of Credit Appraisal and Publicity in the Agriculture and Other Credit Schemes Division at the Bank of Uganda, has urged the Uganda Bankers’ Association to resolve internal bottlenecks that are stopping some financial institutions from efficiently lending out these funds. Her remarks come days after the state minister in charge of investment, Evelyne Anite wondered why these funds are underutilized and concentrated among just a handful of recipients. Mubuuke was speaking during the launch of 36th edition of the Seeds of Gold Farm Clinics, a Nation Media Group- Uganda initiative held in Namuwongo, last evening. […]

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