Uganda is not short of demand for credit, the challenge is supply

Getting your Trinity Audio player ready...

By Martin Mugisha In to the Monetary Policy Report February 2022, the Bank of Uganda said that Private Sector Credit (PSC) growth lost momentum in the quarter to December 2021, due to the uncertainty over a pickup in economic activity, especially as the number of COVID-19 infections were on the rise in November and December 2021 and the increase in Net Domestic Financing (NDF) requirements.