Special Report on
The Equity of Redemption
The Equity of Redemption - Trends
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Uganda's economy is in relative terms wealthier than a crude analysis of GDP per capita figures at $400 would suggest. Its population is 28 million, rising rapidly at 3.2 percent a year. There are 4.5 million dwellings, 78 percent are owner-occupied. However, owner occupation is much lower in urban areas - just 28 percent. Mortgaging in Uganda is still limited to a few districts and is most prevalent in urban areas. Rural areas and the north are underserved. Financial intermediation and the reduction/elimination of land conflicts are pre-requisites for further geographical expansion of the mortgage market. There is a ...
Banks might be going easy on struggling companies but are they making those firms’ directors homeless instead? EN investigates. Entrepreneurs who think that operating a limited company means their personal assets are safe if their business goes bust need to think again. Banks – and this includes those lending against security such as invoices – are demanding that business loans are backed by personal guarantees from directors. And the evidence we are hearing is that they are now enforcing these guarantees with greater regularity, and at the first sign of trouble. A prominent North West ... Read More
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Diwali Special MF - Part1
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