Private sector borrowing has risen as banks ease their lending conditions, according to Daily Monitor. The Ugandan publication reported the development on Wednesday, 23 September 2026, describing a surge in loans to private businesses alongside a loosening of credit taps by lenders.
Daily Monitor did not publish further details in the summary of its report, including the size of the increase, the period covered, or which sectors drove the growth. The report attributes the shift to banks becoming more willing to extend credit.
The change points to a credit environment in which lenders are relaxing the terms on which businesses can access financing. Daily Monitor's headline frames the two movements as connected: more lending by banks, and more borrowing by private firms.
What prompted the looser conditions, and whether the trend continues, is not addressed in the material available. The report also does not indicate whether the rise reflects demand from businesses, supply from banks, or both.
What to watch next: further reporting from Daily Monitor on the scale of the increase and whether the easier credit conditions hold.
