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13:32

Borrowers To Default on Loans– BoU Survey bank of uganda 1

The tightening of loan terms for long term borrowers could be due to the fact that the country is entering an electoral period where businesses are affected with most investors putting their spend in Uganda on hold for the period to end. While government is not expected to change, there is uncertainty over the economy in the after 2021. Banks are saying let us wait and see.
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