CHARGE IN UGX – MALL TENANTS

CHARGE IN UGX – MALL TENANTS

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Tenants renting in top Kampala shopping malls say paying rent in dollars is hurting their operations, with rent shooting from shs.63 million to shs.75 million in just one year.

 

The increase of Shs12m is blamed on landlords who charge rent in dollars as they seek to recover their capital investment quickly. Tenants now want to get back to paying in shillings due to the skyrocketing dollar.

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