Industry News & Insights

CIRCULAR ON UMRA LICENSED DIGITAL LENDERS The Uganda Microfinance Regulatory Authority (UMRA) is hereby issuing a circular directing digital lenders to remain compliant with the Tier 4 Digital Lending guidelines that the Authority issued recently. The Authority has noted with concerns that some licensed digital credit providers may be engaging in misleading or deceptive representation, […]

The overall project objective was to strengthen the ecosystem of Savings Groups by enabling a legal and regulatory environment.

The National Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Strategy provides the approach which Uganda has adopted to tackle ML, TF and PF over the next five years. It also presents Uganda’s priorities and objectives in adhering to international standards and obligations set by theFinancial Action Taskforce (FATF). The strategy aims “to secure the nation […]

This Guidance is issued by the Uganda Microfinance Regulatory Authority (UMRA) pursuant to S. 27 of the Anti-Money Laundering Act, 2013 as amended. The Anti- Money Laundering Act, 2013 (the “AMLA”) identifies any person who conducts the business of lending, inter alia; consumer credit, mortgage credit, factoring with or without recourse and financeof commercial transactions […]

Uganda Microfinance Regulatory Authority (UMRA) publishes Microfinance Institutions and Money lenders as of May 2023 for the public to transact with.

The overall project objective was to strengthen the ecosystem of Savings Groups by enabling a legal and regulatory environment.