Centenary Bank allocates Shs500bn for agriculture financing

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has allocated Shs- 500bn to boost agriculture financing this year, according to the lender’s head of agribusiness and agricultural finance, Evans Nakhokho.

Nakhokho, who was speaking during the 16th African Fine Coffee Conference and Exhibition in Kampala on Feb 15, said the bank is ready to finance all the agricultural activities along the value chain.

This comes barely a month since the Uganda Agribusiness Alliance released its 2017 report on agriculture financing noting that majority of the population who need the agriculture funds are yet to have access despite increased allocations by government, private players and the donor community towards Uganda’s agriculture financing