• Latest
UECCC Assures Solar Energy Investors of 15 Percent Interest on Loans

UECCC Assures Solar Energy Investors of 15 Percent Interest on Loans

July 27, 2024

dfcu Bank evolves ADC into dfcu Foundation to broaden impact and transform rural economies

May 30, 2025
Rising Murder Fears in Ishaka-Bushenyi as Two Bodies Are Discovered in a Day

1-Year-Old Girl Found Murdered, Body Parts Missing

May 30, 2025
VINAStech Advert

Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

May 30, 2025
Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

ANT Calls for Calm Amid existing Diplomatic Disputes in Uganda

May 29, 2025
Police Search NUP Premises Over Alleged Illegal Military Training

NUP Invites Expressions of Interest from Members Seeking Party Positions

May 29, 2025
UPDF, RDF Strengthen Relations Through Historic Sports Engagements

UPDF, RDF Strengthen Relations Through Historic Sports Engagements

May 29, 2025

Makerere University Student Dies in Iganga Road Accident

May 28, 2025

Literature Giant Ngugi wa Thiongo Dies at 87

May 28, 2025
Parliament Must Lead Uganda’s Clean Energy Shift in FY2025/26 Budget

Why the government needs to champion clean energy technologies awareness

May 28, 2025
Driving climate action for a sustainable future

Oil, Displacement and Despair: The hidden mental health crisis facing marginalised women and girls

May 28, 2025

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025

Chaos Erupts at DP Headquarters Over Forgery on List of Delegates Ahead of Mbarara Conference

May 28, 2025
  • About Us
  • Internship
  • Contact Us
Saturday, May 31, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Rising Murder Fears in Ishaka-Bushenyi as Two Bodies Are Discovered in a Day

    1-Year-Old Girl Found Murdered, Body Parts Missing

    Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

    Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

    ANT Calls for Calm Amid existing Diplomatic Disputes in Uganda

    Police Search NUP Premises Over Alleged Illegal Military Training

    NUP Invites Expressions of Interest from Members Seeking Party Positions

    UPDF, RDF Strengthen Relations Through Historic Sports Engagements

    UPDF, RDF Strengthen Relations Through Historic Sports Engagements

    Parliament Must Lead Uganda’s Clean Energy Shift in FY2025/26 Budget

    Why the government needs to champion clean energy technologies awareness

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Rising Murder Fears in Ishaka-Bushenyi as Two Bodies Are Discovered in a Day

    1-Year-Old Girl Found Murdered, Body Parts Missing

    Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

    Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”

    ANT Calls for Calm Amid existing Diplomatic Disputes in Uganda

    Police Search NUP Premises Over Alleged Illegal Military Training

    NUP Invites Expressions of Interest from Members Seeking Party Positions

    UPDF, RDF Strengthen Relations Through Historic Sports Engagements

    UPDF, RDF Strengthen Relations Through Historic Sports Engagements

    Parliament Must Lead Uganda’s Clean Energy Shift in FY2025/26 Budget

    Why the government needs to champion clean energy technologies awareness

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home

UECCC Assures Solar Energy Investors of 15 Percent Interest on Loans

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
July 27, 2024
in RELIGION
0
UECCC Assures Solar Energy Investors of 15 Percent Interest on Loans

Solar Energy Award winners pose for a group photo at UMA show ground on Saturday.

0
SHARES
0
VIEWS
Share on FacebookShare on X

By Ambrose Gahene

KAMPALA

READ ALSO

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

The Uganda Energy Credit Capitalization Company (UECCC) has assured all companies and Investors engaged in solar energy business that UECCC has funds available to loan out at a 15 percent interest rate. Various speakers revealed this during the conclusion of the Solar Energy Expo at Uganda Manufacturers Association (UMA) show ground in Kampala on Saturday.

Yoga Advertisement

Mr. Samuel G. Ocanya, UECCC Project Manager, during panel discussions assured those engaged in Solar Energy businesses that UECCC has injected funds to support the Solar Energy Sector. He said beneficiary banks for funding are; Centenary Bank, Housing Finance Bank and will give out loans between 15 Percent and 18 percent. UECCC is in advanced stages with three other Financial Institutions and currently working on another six or so Financial Institutions

ADVERTISEMENT
Prof. Robinah Nanyunja (L) is flanked by Eng. Elizabeth Kaijuka (2nd L) and other officials during closure of the solar Expo on Saturday at UMA show ground in Kampala

“We support businesses engaged in solar energy generation by enabling these enterprises to access loans from different banks we work with at a 15 percent interest rate. Our objective at UECCC is to ensure Ugandans access electricity cheaply and to accelerate economic development”, said Mr. Ocanya.

He said Government has embarked on solar electrification programme to ensure Schools, Health Centres, and Hospitals access solar energy cheaply.

“Under Credit Finance Facility, Centenary Bank shall get UGX 10 Billion to support individuals engaged in renewable energy. Centenary Bank will not charge more than 15 percent on interest under this program”, he added.

Mr.Samuel Ocanya, UECCC Project Manager addressing participants at the solar Expo in Kampala

Mr. Lawrence Lubega, Centenary Bank Supervisor, Microfinance Business advised those to apply for solar energy business funds to ensure their businesses are legally registered, have known physical address and are tax compliant.

“Centenary Bank will not entertain briefcase companies that do not have physical addresses and are not registered business entities”, he said.

Eng. Elizabeth Kaijuka, the Principal Energy Officer at the Ministry of Energy and Mineral Development, while closing the expo, said solar energy is the most thriving business in Uganda, which supplies 38 percent power to the National Grid. She called on those engaged in solar energy business to invest in upcountry rural areas, where the market is still virgin.

She said her Ministry in partnership with Uganda National Bureau of Standards (UNBS) have put in place measures to ensure counterfeit solar products do not find their way into the Ugandan market.

The three days Solar Energy expo was organized by the Uganda Solar Energy Association (USEA) in partnership with UECCC, GIZ and the Ministry of Energy and Mineral Development among others.

Tags: Centenary BankLawrence LubegsMr. Samuel G. Ocanyasolar energySolar Energy AwardsUECCC Project Manager

Related Posts

Religion

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025
News

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

May 26, 2025
Uganda Martyrs Essay Competition Expands Across East Africa
RELIGION

Uganda Martyrs Essay Competition Expands Across East Africa

May 23, 2025
Security Bans Vending Outside Namugongo Martyrs Shrine
Business

Security Bans Vending Outside Namugongo Martyrs Shrine

May 16, 2025
Namirembe Diocese Priest Brutally Beaten and Abducted by Unknown Assailants
Religion

Namirembe Diocese Priest Brutally Beaten and Abducted by Unknown Assailants

May 12, 2025
Ugandan MP Francis Mwijukye to meet New Pope in August
RELIGION

Ugandan MP Francis Mwijukye to meet New Pope in August

May 9, 2025
Next Post
St Helen’s Atuhaire  Emerges Top in Western Region, 16th In National Mathematics contest

St Helen's Atuhaire  Emerges Top in Western Region, 16th In National Mathematics contest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025
Brutality at KIU: Students Assaulted by Officials at Examination Hall

KIU Loses Bid to Block Payment of Shillings 46.8 Billion to Housing Finance Bank

March 12, 2025

EDITOR'S PICK

Two arrested for robbery and kidnaps.

June 26, 2020
Anicia Crowned Miss Botswana 2024

Anicia Crowned Miss Botswana 2024

March 24, 2024

Two Ugandan female teachers arrested in Rwanda

September 26, 2021

DP Calls Key Meetings to Review Cooperation Agreement, Condemns Police Raid on NUP Offices

February 25, 2025
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • dfcu Bank evolves ADC into dfcu Foundation to broaden impact and transform rural economies
  • 1-Year-Old Girl Found Murdered, Body Parts Missing
  • Ssemujju on Anti-West Stance: “When They’re Feeding You, They’ll Lecture You”
  • ANT Calls for Calm Amid existing Diplomatic Disputes in Uganda
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page