Home Ownership Archives – CEO East Africa

Preaching Water, Drinking Wine: Bank of Uganda’s Nearly Interest-Free Long-Term Staff Loans Raise Eyebrows

CEO ReporterBanking & Financial Services The Big StoryOctober 10, 2025October 17, 2025

As the rest of Uganda chokes on expensive credit, with commercial bank lending rates hovering between 18 and 20 percent, staff at the Bank of Uganda (BoU) are enjoying the rare comfort of nearly interest-free, long-term loans stretching up to two decades. Revelations from the central bank’s latest Integrated Annual Report 2024/25 have lifted the lid on a rare privilege: access to nearly interest-free loans for central bank staff and executives, stretching up to 20 years and offered at rates between 0% and 3%. The disclosure has triggered both curiosity and criticism. For some, it’s a thoughtful staff welfare strategy,…

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To rent or to own a home; which is better?

CEO ReporterEntrepreneurshipDecember 11, 2023December 11, 2023

Buying a house is a huge part of any person’s dreams. Choosing to buy or rent, though, is a major decision that affects your financial health, lifestyle, and personal goals. Whichever option you choose depends entirely on your lifestyle and financial situation. Both require a regular income (so you can afford the payments and associated costs) and may also require a certain degree of effort to maintain. But there are several differences that make renting and owning property distinctly different. Renting a property doesn’t come with all the responsibilities associated with homeownership and you have more flexibility, as you aren’t…

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