Govt caps interest rates for moneylenders
Finance minister, Matia Kasaija, declared that the maximum interest rate on loans will be 2.8% per month or 33.6% per year.
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Finance minister, Matia Kasaija. (File)
By NewVision Reporter
Journalists @NewVision
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The Government has imposed a cap on interest rates that moneylenders charge to stop those exploiting people when they are desperate for cash.
In a legal notice