Credit solutions across asset financing for motorbikes, motor vehicles, property acquisitions and cash-flow lending, through business and Personal loans.
We deliver accessible credit solutions across 4 key segments: asset financing for motorbikes and motor vehicles, and cash-flow lending through business personal loans.
Easy Credit! Real Progress!
EASY CREDIT LOANS
✅ Motorbike Loans-Get on the road today
✅ Motor Vehicle Loans-Drive your dream car
✅ Business Loans-Grow and expand your business
✅ Personal Loans-Meet your financial needs on time
A true milestone for us as a company and for Uganda as a nation at large.
The Bridge Kololo is a statement of what urban luxury can and should be in East Africa.
From Cadenza to The Bridge, our vision remains clear: to craft residences that envelope into one - timeless design, exquisite experiences, and investment value - shaping the future of Kampala’s skyline one landmark at a time.
@CEOEastAfrica
@AusBassie Philippians 4:6-7
Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God; and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus.
Treasury Bond Alert: The 10 Year Bond Auction next week.
The Bank of Uganda plans to auction a 10-year treasury bond next week Wednesday April 17, 2024, for the Bond maturing in February 2033. This bond offers a good opportunity for individuals seeking to invest in medium-to-long-term bonds.
Specially, those who seek a bond that is subject to the lowest possible WHT rate, which for this bond, is at 10 percent withholding tax while at the same time does not lock in their capital for a long period of time.
With the bank’s recent 25 basis point increase in the Central Bank Rate (CBR), expectations are that the bond will be sold at a discounted price compared to its previous sales. Consequently, it’s anticipated that the bond will yield higher returns than previously seen; at the moment, the bond’s bid-to-ask price ranges from roughly 15.5% to 16% depending on the amount of money you plan to invest.
This bond presents an opportunity for investors looking to maintain low tax withholding, but also desiring possible high returns on their investments. Importantly, the bond offers the flexibility of not having funds locked in for an extended period. With a coupon rate of 14.375%, and maturity in February 2023, many may find this a worthwhile investment.
If you want to invest in this bond, its time to go to your commercial bank and fill up the CDs form 2 tomorrow and Friday.
Please be advised that the upcoming event is a primary auction; it would be advisable not to divert to the secondary bond market unless it presents a yield close to 15.5 or above.
Numbers.
For instance, if you invested UGX 100 million in this bond, you would receive 12.9 million per year, after tax. This equates to a yield of nearly 13% post-tax on a bond with a face value of UGX 100 million.
Furthermore, by continually reinvesting the interest earned back into the treasury bond, which averages a 13% net yield, the returns by 2033 could grow to approximately UGX 330 million.
A lower investment of, say UGX 10 million, could still generate really good returns, providing around UGX 1.2 million per annum.
Happy Investing.
Alex Kakande