Monday, November 18, 2024
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    Tag: Section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act

    On November 18, 2020, the Joint Security Task Force in Busoga North arrested Robert Kyagulanyi and Pastor Andrew Muwanguzi ahead of their rally at the Ssaza Grounds, Luuka town council, in Luuka district, which sparked off protests in some parts of Buganda where, according to the Uganda Police report, 54 people were killed and dozens were injured.
    The FDC politicians had just concluded a meeting at the Ukweli Pastoral Center on the outskirts of Kisumu City on July 23, 2024, when a group of armed people (believed to be Ugandan and Kenyan security personnel) broke into their rooms, allegedly assaulted, arrested, and drove them back to Uganda in the middle of the night.

    Money Lenders Directed to Charge Customers 2.8% Monthly Interest...

    The directive aims to protect consumers from predatory lending practices and ensure that borrowing remains accessible and fair. By establishing a clear interest rate cap, the government seeks to foster a more equitable and fair financial environment for individuals seeking loans.

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