Ugandan Banks seek to establish Shs1 trillion export credit facility

(East Africa Monitor, Kampala, 29 July 2022) Banks are in advanced stages of launching a Shs1 trillion export credit facility to support manufacturers involved in export within East Africa. The move, which is being championed by Uganda Bankers Association (UBA), seeks to finance manufacturers increase Ugandan products in regional markets. The export credit facility seeks to plug existing gaps, facilitate production and provide funding to power the entrepreneurial ecosystem through fostering growth and harnessing attendant trickle down benefits.