BOU Executive Director for Supervision Dr Twinemanzi Tumubweine says the slowdown in borrowing is because there are lower business activities, while the commercial banks are also worried about the increasing risk to lending.
“The markets have already priced in post elections development and given that so far the electoral process has gone fairly well, markets will bounce back. It is only temporary,” said Steven Kaboyo, the Managing Director Alpha Capital Partners.
Tayebwa issued a seven-day ultimatum during plenary on Thursday requiring the Committee on Environment and Natural Resources to report back their findings to the House in a bid to compel the Government to devise a lasting solution to address the persistent irregular electricity supply.
These findings are based on data from a mobile phone survey dubbed Sauti za Wananchi where 1,597 young people aged 18 to 34 and 2,900 other respondents were randomly selected from across the country to determine perceptions of the challenges and opportunities for young Ugandans in starting and running businesses.