Green finance is structured financial product created to ensure a better environmental outcome and a more resilient future. The product provides credit for agribusiness ventures, offers guarantee to the agribusiness loans and promotes Environmental, Social and good Governance (ESG) practices in the financial services sector.
Alex Lwanja, the Deputy Director in charge of the Agricultural Credit Facility and Small Business Recovery Fund at the BoU, reports that over UGX. 150 billion is idle due to the low uptake of the facility from the targeted population. Lwanja said that although they have disbursed UGX. 751 billion to farmers across the country, and very few farmers from Teso are seeking or taking up the money
