Tag: Money lenders

Muhwezi warns GISOs against complacency, demands full reports on govt programmes

National News
Security Minister Maj Gen (Rtd) Jim Muhwezi has issued a strong warning to Gombolola Internal Security Officers (GISOs) against complacency, directing them to report on all government programmes in every sub-county. Speaking on Tuesday during a capacity-building...

DP Defends Saleh-Otunnu Power-Sharing Document, Calls for Broad Consultation

National News
Mwesigwa outlined four key features, including a grand coalition in which leaders from all significant groups participate in the executive, proportional representation, a mutual veto that allows minorities to block issues threatening their fundamental interests, and segmental autonomy, which gives groups a high degree of self-governance.
Business

DP Lauds Finance Ministry for Lowering Monthly Money Lending...

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.
National News

NEED Asks Government to Suspend Money Lenders using National...

The National Economic Empowerment Dialogue (NEED) party has asked the government to suspend money lenders who take National Identification...

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