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.
Since losing his first match in the tournament back in 2004, Nadal has been unbeaten in 29 singles matches. While his ongoing 32-match winning streak across both singles and doubles is the longest in Davis Cup history, he hopes to retire unbeaten.
The National Coffee (Amendment) Bill 2024, which proposes the dissolution of UCDA after 32 years of operation, has sparked heated debate and opposition from various sections of the public and some Members of Parliament. Despite the backlash, Parliament voted to advance the bill, citing the need for greater efficiency and alignment with MAAIF’s broader agricultural mandate.
Lovers of comedy will part with UGX 50,000 for ordinary, UGX 100,000 for VIP, UGX 3m table, and UGX 5m for the platinum table to laugh their lungs out.
The happenings in Kisoro exposed dirty activities at the NRM secretariat, and something should be done to avoid the same in the future. The frustrations of NRM supporters have seen many leave to join the opposition.