Standard Chartered Bank’s Co-Head of Corporate & Investment Banking, Sunil Kaushal, is urging the Ugandan government and private sector to strengthen domestic capital markets as a means of securing affordable, long-term financing and reducing dependence on costly international debt.
In an exclusive interview, Kaushal warned that Uganda’s heavy reliance on multilateral lenders and global markets increases the risk of debt distress. He emphasized that deeper and more vibrant local capital markets could provide a more sustainable and resilient source of funding for national development.
Kaushal also highlighted Standard Chartered Bank’s role as a key financier of several major infrastructure projects in Uganda.
Malcolm Musiime reports.
