Why are loan rates & mortgage rates so Expensive in Uganda?
<p><p><strong><em>“we are now looking at interest rates that are as high as 18% on salary loans, business loans as high as 18%. You look at asset financing, We are looking at almost 20% for asset financing. When it comes to trade financing, and trade financing for business people who are importing things from different countries and bringing them to Uganda, importers. they are spending as high as 20% annualized on such a loans before they talk about taxes,”</em></strong></p></p><p></p><p>Friends,</p><p>I would want to send my sincere thanks to all the panelists, the team from Blacklight Investment Advisors <a target="_blank" href="https://substack.com/profile/54570345-jean-akol-cfa">JEAN AKOL, CFA</a> <a target="_blank" href="https://substack.com/profile/2561938-timothy-ahumuza">Timothy Ahumuza</a> <a target="_blank" href="https://substack.com/profile/210294779-allan-nyamutale">Allan Nyamutale</a>, then Natif Anthony and Damalie Mubiru for a wonderful session conversation on a critical but very important topic of the cost of Borrowing for businesses, for personal lending and the cost of Mortgage.</p><p>This is a conversation we will keep having in the most consistent way and the hope is, those with the powers to influence and see a meaningful change in the financial space can do something about it.</p><p></p><p></p><p><strong>Happy Investing Everyone. </strong></p><p><strong>Alex Kakande</strong></p> <br/><br/>This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://kakandealex.substack.com?utm_medium=podcast&utm_campaign=CTA_1">kakandealex.substack.com</a>
