Fleet News

Ugandan lease funding

THE leasing of transport services in Uganda is to be funded by the European Investment Bank (EIB), which is planning to lend €10 million’s worth of Ugandan shillings (UGX 21.4 billion) to the Kampala-based DFCU Leasing Company Ltd.

The money will fund small and medium-sized investments in vehicles and machinery in the tourism, manufacturing, healthcare, education, mining, food production and fishing sectors. DFCU was praised as a potential leasing partner by the bank, for having ‘developed a comprehensive methodology for assessing environmental impacts and monitoring mitigating measures at all stages of an investment project.’

The company has also promised to follow competitive procurement practices when sourcing vehicles and machinery.

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