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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.
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
By: NewVision Reporter, Journalists @NewVision
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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