Business
Banks to ease agribusiness lendingPublish Date: Jan 31, 2013
newvision
  • mail
  • img

By Precious Birungi and Nicholas Kajoba

Housing Finance Bank is easing its agribusiness lending to benefit farmers and its outreach into the agricultural sector.

The bank on Monday received a sh127m grant from Agribusiness Initiative Trust towards technical assistance and capacity building in the agribusiness lending sector.

Housing Finance managing director Nicholas Okwir said such grants help the bank reach a wider market and also create greater value and job opportunities in the agriculture sector.

The managing director of Agribusiness Initiative Trust, Svend Jensen, said the trust supports agribusiness development in the private sector to achieve government objectives of competitiveness and investment.

Agribusiness Initiative Trust is a multi-donor entity jointly founded by Denmark and Uganda and is geared at supporting selected agricultural value chains of maize, coffee, oil-seeds, dairy and horticulture for export.

Jensen said the trust strengthens competitiveness of the agricultural and agro-processing sectors through investment and loan guarantees.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Government seeks sh200b for roads
The government is seeking sh200b in supplementary budget for on-going road works, the works state minister, Eng. John Byabagambi has revealed.The request arises from the over performance of contractors yet the funds allotted to the works and transport ministry in the 2012/13 FY were absorbed before...
Entebbe Airport departure lounge under review
Civil Aviation Authority (CAA) is redesigning the departure lounge for Entebbe International Airport.CCA has contracted Arch Design consultants to redesign the entire departure area that will enable traveling passengers and the general public using the facility be less inconvenienced by putting in...
Local Government officials lack tax collection skills
Most local government personnel involved in revenue collections lack the necessary skills needed for effective revenue collection, a senior government official has disclosed.Johnson Gumisiriza the senior economist in the Local Government Commission noted that a recent study conducted in several dis...
No tax holidays for investors under EAC
The Government will not offer tax holidays to firms seeking to invest in Uganda as the country joins the rest of East African countries in harmonising taxes in the region.The state minister for the East African Community, Shem Bageine, said because of the harmonisation of taxes across the region, t...
Shilling loses 0.47% in mid-morning trading
The shilling depreciated 0.47% against the greenback as demand continues to outstrip supply, trader’s note that the trend may carry on through the week....
Africa will not succumb to resource curse
A panel of experts has said Africa is set to take advantage of its natural resources for the benefit of its people. This is contrary to the thinking of pessimists who believe the continent will succumb to the resource curse and squander its heritage....
Serbian Milutin 'Micho' Sredojevic is Uganda Cranes' new coach
He will lead Cranes to World Cup 2014
He will lead Cranes to AFCON 2015
He can only win a CECAFA title
follow us
subscribe to our news letter