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2 clusters · 5 sources · 8 days · First seen 23 days ago · Last updated 16 days ago

Ugandan entrepreneurship and agricultural credit initiatives

Overview

Uganda is implementing several financial initiatives aimed at supporting green entrepreneurship, agricultural commercialization, and female-led business growth.

In partnership with the Embassy of France, Stanbic Uganda launched the GreenTech Accelerator and Incubation Programme, a UGX 3 billion initiative designed to scale climate-smart businesses in sectors like renewable energy and sustainable agriculture. Minister of State for Gender and Culture, Mary Kuteesa Kamuli, highlighted the importance of removing barriers for women and youth to achieve national economic goals. Stanbic Uganda has pledged to mobilize up to one trillion Uganda shillings by 2028 to support sustainable livelihoods.

Broadening these efforts, the Bank of Uganda is utilizing the Agricultural Credit Facility to distribute affordable credit, having provided approximately Shs1.35 trillion to over 11,000 beneficiaries. Additionally, a US$217 million World Bank-financed project, the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) Project, is providing loans to help women expand businesses. Financial institutions are also increasingly adopting digital transaction data to better assess the creditworthiness of agricultural enterprises.

Entities

World Bank · Stanbic Business Incubator Limited · Kampala · Stanbic Uganda · Bank of Uganda

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] The Agricultural Credit Facility has provided approximately Shs1.35 trillion to over 11,000 beneficiaries. ubc.go.ug
[○ 1 SOURCE] Loans under the Agricultural Credit Facility attract a maximum interest rate of 12 per cent per year for most projects and 15 per cent for grain trade. ubc.go.ug
[○ 1 SOURCE] The GROW Project is supported by US$217 million in World Bank financing. www.showbizuganda.com
[○ 1 SOURCE] GROW loans range from Shs2 million to Shs200 million with interest rates up to 10 per cent per annum. www.showbizuganda.com
[○ 1 SOURCE] Digital transaction records and data are helping lenders make more informed credit decisions for agricultural enterprises. mulengeranews.com
[○ 1 SOURCE] The 2024 census indicates 33.1% of Ugandan households remain in the subsistence economy. mulengeranews.com

Timeline

16 days ago

[BUSINESS] 3 sources
Uganda expands agricultural and female entrepreneurship credit
Uganda is expanding commercial agriculture and female entrepreneurship through targeted credit facilities from the Bank of Uganda and World Bank-funded GROW project.
23 days ago

[BUSINESS] 2 sources
Stanbic and France partner to support Ugandan green entrepreneurs
Minister Mary Kuteesa Kamuli commended Stanbic Uganda and the French Embassy for supporting 106 women and youth-led green enterprises through a UGX 3 billion climate-smart business acceleration programme.

Sources

insightpostug.com · mulengeranews.com · showbizuganda.com · thestandard.co.ug · ubc.go.ug