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@theScribeUganda Wed, 22 Jul 2026 10:43:10

Minister Musasizi Urges Absa Bank to Lower Lending Rates to Support Uganda's Tenfold Growth Strategy

KAMPALA — The Minister of Finance ,Hon Henry Musasizi, has challenged commercial banks to reduce lending rates and provide affordable financing to accelerate Ugandas implementation of the Tenfold Growth Strategy. Musasizi made the remarks during a meeting with the leadership of Absa Bank Uganda, where discussions centred on strengthening the banks role in supporting the countrys ambitious economic transformation agenda. The Absa delegation was led by Board Chairman Keith Kalyegira and Managing Director David Wandera. During the meeting, Musasizi commended Absa Bank Uganda for its contribution to Ugandas economic growth but emphasized that the banking sector has an even greater

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