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Uganda's High Rates Explained | Uganda News
Uganda’s sky-high interest rates aren’t just a coincidence—they’re a direct result of the government hogging cash by borrowing heavily from domestic sources, starving businesses and everyday folks of affordable credit. When the state competes with private borrowers for the same limited funds, everyone pays more. Compounding the problem? Overdue government payments force businesses into debt they can’t repay, swelling banks’ bad loan portfolios. To offset that risk, lenders hike rates for all borrowers. Add in legal battles tying up capital and a mismatch between short-term deposits and…
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