The extension of the web-based collateral registry software solution by Bsystems Collateral Registry System in the East African country of Uganda has been launched.
Speaking during the official launch of the registry software platform at the State House Entebbe last week, Ugandan President, Yoweri Kabuta Museveni applauded the introduction of the Bsystems Collateral Registry System now known as the Security Interest in Movable Property Registry System (SIMPO) in Uganda.
According to him, the use of the online registry platform will enable Ugandans to use their moveable assets as collateral to borrow money for their businesses from financial institutions.