Government starts licensing money lenders

 The Uganda Micro Finance Regulatory Authority has started licensing all money lenders in the country.
The licensing, whose regulations were gazetted on March 16, 2018 under the Micro-finance Institutions and Money Lenders regulations was launched this week.

The Communications Manager UMRA, Mr Edward Bindhe, says the Authority will move along with overseeing works done by the money lenders, Saccos and all Micro-finance support institutions in the country.

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