Uganda’s private sector credit rises to sh26.380 trillion

KAMPALA - The stock of outstanding private sector credit in Uganda rose to sh26.380 trillion in April this year, up from sh26.163 trillion in March, the latest official figures reveal.

This growth followed increased credit disbursements to the private sector, particularly in the agriculture, manufacturing, transport, and communication sectors during the month of April.

According to the Ministry of Finance’s Performance of the Economy report for May 2025, of the total stock of private sector credit in April, sh6,765.98 billion was foreign currency-denominated, while sh16,756.06 billion was denominated in Uganda Shillings.

The value of credit approved for disbursement in April stood at sh1,547.1 billion, against applications worth sh2,051 billion, reflecting a 75.4% approval rate.

This marks a notable increase from the 48.6% approval rate recorded in March.

In line with the trend observed since the start of the financial year, personal and household loans continued to command the largest share of approved credit, accounting for 31.5% (sh487.4 billion) of the total approved in April.

This was followed by the business, community, social and other services sector at 17.4% (sh269.39 billion), manufacturing at 13.4% (sh208.06 billion), trade at 11.3% (sh174.35 billion), and agriculture at 10.8% (sh167.91 billion).