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Trade stock financing to benefit agribusinesses


Daily Monitor
Saturday April 03 2021
Summary
Banks are currently offering structured commodity trade financing through which farmers are able to borrow against their agricultural inventory which can be used as collateral.
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Abdallah Okao, a grain trader in Lira- the marketing hub of grain trade in Uganda, is confident in the growth of his business and the sector at large as more banks take interest and become adaptable in financing the sector players.
One of the main challenges in the agribusiness remains the changing seasons of harvest and plantation which translate into the high and low seasons, making it difficult and expensive for players to borrow and maintain long term loans. ....

James Odur , Shabibah Nakirigya , Abdallah Okao , Equity Bank Uganda , Business Development , Equity Bank Lira Branch , Bank Uganda , Business Development Manager , பங்கு வங்கி உகந்த , வணிக வளர்ச்சி , பங்கு வங்கி லிரா கிளை , வங்கி உகந்த , வணிக வளர்ச்சி மேலாளர் ,

Equity Bank Launch a New Loan Portfolio To Support Agribusiness SMEs

Equity Bank Launch a New Loan Portfolio To Support Agribusiness SMEs
pctechmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pctechmag.com Daily Mail and Mail on Sunday newspapers.

Anthony Kituuka , Equity Agribusiness Forum Breakfast Meeting , Equity Bank Uganda , Kampala Sheraton Hotel , Commodity Finance Loan , Kampala Sheraton , Bank Uganda Executive Director , பங்கு வங்கி உகந்த , கம்பாலா ஷெரட்டன் ஹோட்டல் , கம்பாலா ஷெரட்டன் ,

Simbamanyo asks court to reinstate Shs40b case on sold properties


Daily Monitor
Wednesday February 24 2021
The order had closed a case which Simbamanyo Estates Limited had filed against Equity Bank (U) Limited, Meera Investments Limited, Luwaluwa Investments Limited and the Commissioner for land Registration.
Summary
Last year Simbamanyo Estates Limited and its proprietor Architect Peter Kamya had sued the four parties alleging fraudulent and illegal sale of their prime property.
Last month, the Directorate of Public Prosecutions (DPP) rejected rejected criminal proceedings against the property buyers and bank officials.
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Simbamanyo Estates Limited have asked the court to reinstate a case in which its proprietors are challenging the sale of its multimillion property as a bank moved to recover outstanding loans worth $10.8 million (about Shs40 billion). ....

Ephraim Kasozi , Juliet Kigongo , Peter Kamya , Lillian Bucyana , Mutungo Hill , Division Of The High Court , Nakawa Division , Equity Bank Uganda , Meera Investments , Equity Bank , Luwaluwa Investments , Simbamanyo Estates , Estates Limited , Commercial Division , High Court , Simbamanyo Estates Limited , Architect Peter Kamya , Meera Investments Limited , Luwaluwa Investments Limited , Company Advocates , Lumumba Avenue , Afrique Suites , Public Prosecutions , Jinja Road , Bank Limited , Muwema And Company Advocates ,