The directive is in accordance with section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act, which states that the maximum interest rate that a money lender shall charge on the principal or the actual sum of money advanced as a loan to a borrower is two point eight percent (2.8%) per month or thirty-three point six percent (33.6) per annum.

Muhoozi outlined the main areas of focus for the reforms, which would include strengthening Uganda's Bill of Rights, improving the delivery of court services, and simplifying corporate procedures through promoting the "3Cs" of communication, coordination, and cooperation as fundamental to coexistence and progress.

The elders, led by their Chairperson, Teddy Acham, aka Mama Acham, declared President Museveni as their sole candidate in the coming elections.

Former Kenyan President Jomo Kamau Kenyatta is believed to...

Mobile Money fraud is a growing vice in Uganda...

Uganda is in high gear preparations to host Conference...