How commercial banks in Africa ‘steal’ bank customers

 

The NBS TV made my night yesterday on it’s the kisoboka bite where they interviewed a jinja based hard ware trader.

From the interview we observed, few prospering businessmen and women dare to speak the truth about their bussiness expansion.

In the interview we admired this lady and we entirely agreed with her that no bussiness can sustainably prosper on bank loans as the banks make one a slave of a bank.

The banks, especially commercial banks accumulate alot of mony at the expense of empowering a client to further invest. Some people claim that the banks are like NRM government which has put in place many taxes that doesnt give room to businessmen to save and invest for those who succesfuly evade these unpopular taxes.

Ends

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