Bank of Uganda directs supervised institutions to submit board-approved credit expansion strategies

According to ChimpReports, Bank of Uganda Governor Michael Atingi-Ego announced that supervised financial institutions must submit board-approved strategies explaining how they will support a large expansion of private-sector credit by 2040 under the government's growth agenda. He made the announcement in a speech at the Uganda Institute of Banking and Financial Services' annual research conference, where he also approved the launch of a Financial Sector Research Hub.