Moneylenders petition finance minister over Museveni directive

In a letter dated October 2, 2023, to the minister of finance, the moneylenders have asked the minister to stay the statutory instrument citing a court order against such instrument.

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President Museveni directed the finance minister Kasaija, to come up with a statutory instrument in two weeks to operationalize section 90 of Tier four Microfinance Institutions and Money Lenders’ Act
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#President Yoweri Museveni #Moneylenders #Minister Matia Kasaija #Male Mabirizi #Microfinance Institutions and Money Lenders’ Act 2016

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Moneylenders have petitioned the minister of finance seeking a delay on an instrument setting the maximum lending rates for moneylenders.

On Thursday last week, President Yoweri

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