KAMPALA-Stanbic Bankâ€™s vehicle and asset financing has launched a campaign to promote its leasing products. â€œWith the private sector lease credit standing at less than 5%, Uganda is still operating below the developing countries leasing rate of 15%,â€ Hentie Stemmet, the head of vehicle and asset finance, explained. He said the leasing market stood at $80m, of which Stanbic controls a 40% share. â€œWe have been able to roll out our products to a cross section of clients ranging from corporate organisations, business banking customers and individuals,â€ Stemmet said. He, however, decried the low leasing awareness in the different sectors including the legislators. â€œThere is a general lack of knowledge about leasing in the country among the sector players and even legislators. This explains why the sub-sector still has no proper legislation,â€ he said.
UK Asians keen to invest
LONDON-Harshadbhai Patel, the mayor of the London Borough of Brent, has said the Asian community in Britain are keen to invest in Uganda if the security of their investments is guaranteed. Patel was speaking to the Lira Municipality mayor, Peter Owiny and the secretary for Lango Association in Britain, Robert Egwea, at his office in North West London. â€œI came straight to Britain from India. I have heard about the Asian community in Uganda. We would be glad to have Asians in the UK channel investments to Uganda ones we are assured of security,â€ he said.
Abattoirs improve meat
KAMPALA-Slaughter houses in Kampala are awaiting the agriculture ministry officials for inspection after improving hygiene conditions. The proprietors boasted that their working conditions were getting better by the day. The ministry recently warned the proprietors of the abattoirs to improve the quality and safety of the meat and meat products.
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