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Analysis & Opinions

Banks Tighten Lending Conditions, Approve Shs3.4 Trillion In Three Months As Borrowers Struggle To Pay Back

Bank of Uganda has revealed that between February 2024 and April 2024, Ugandan businesses and individuals applied for loans from financial institutions worth Shs5.1Trn, although, only loans worth Shs3.4Trn were approved within the same period. The details are contained in the State of Economy Report for June 2024 that was

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