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Govt halts issuance of money lenders’ licenses

Kevin Githuku | December 15, 2023

The Minister of State for Microfinance, Mr Haruna Kasolo Kyeyune, has temporarily halted money lending licensing in Uganda, citing unfair policies by most of the lenders. The minister who was launching the Financial Institution Performance Tool in Kampala yesterday under the Association of Microfinance Institutions of Uganda told journalists that […]


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UMRA concerned about hiked SHG registration fees

Juliet Nalwooga | November 2, 2023

The Uganda Microfinance Regulatory Authority (UMRA) officials are concerned about hiked non-uniform registration fees for Self Help Saving Groups (SHGs) across the country. In 2022, UMRA issued operational guidelines for SHGs as defined under section 99 of the Tier 4 Microfinance Institutions and Money Lenders’ Act, 2016. The objectives of […]


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