Banking sector engages private sector on development funds
The banking industry is already engaging with the private sector regarding the availability of development funds earmarked in the FY 2024/2025 budget. These funds are intended for onward lending to sectors such as agri-industrialization, tourism, manufacturing, and ICT. Anthony Kituuka, the managing director of Equity Bank, stated that the hundreds of billions allocated to the GROW (Generating Growth Opportunities and Productivity for Women) and INVITE (Investment for Industrial Transformation and Employment) funds are windows for SMEs to thrive.
