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Home BUSINESS

Uganda manufacturers source cheap financing after suffering lockdown effects

NELSON MANDELA | PML Daily Reporter by NELSON MANDELA | PML Daily Reporter
February 17, 2021
in BUSINESS
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UMA Executive Director Daniel Birungi speaking before signing a MoU (PHOTO/Courtesy).

KAMPALA – Uganda Manufacturers Association and Capital Markets Authority have signed a memorandum of understanding in a bid to find alternative financing for manufacturers.

This is in a bid expand long term financing for manufacturers across the region, Capital Markets Authority and Uganda Manufacturers Association have signed partnership to further business operations.

UMA Executive Director Daniel Birungi says the memorandum will enable them out source long term credit for manufacturers while Keith Kalyegira the Executive Director Capital Markets Authority says this will cater for Businesses that have faced financial challenges due to the effects of COVID 19.

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