Tag: Section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Authority

Mugumya, a former aide to former presidential candidate Dr. Kizza Besigye, has previously been at the center of politically charged cases. His latest case comes at a time of heightened scrutiny over reports of enforced disappearances and prolonged detention without trial.
Ambassador Ssentongo reaffirmed Ugandan government’s commitment to strengthening cross-border tourism cooperation, noting that tourism is central to the country’s Ten-Fold Growth Strategy, which aims to grow the economy from US$50 billion to US$500 billion by 2040. He called for practical, time-bound solutions to trade barriers affecting tourism and regional business competitiveness.

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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