“The two drivers have since been charged with the relevant traffic offenses and are currently detained at Kampala CPS pending appearance before court and Police is working with the school management to ensure pupils are safely transported to their destination using appropriate means of transport,” Kananura said.
"The prosperity of any nation begins with markets. Uganda Connect International Buyers Week is our deliberate strategy to bring verified international buyers to Uganda, allowing them to experience our products, meet our producers, and build a long-term commercial relationship. We are moving away from speculative trade towards demand that creates sustainable jobs, attracts investment and grows household income,” Rwabwogo said.
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.