Kampala, Uganda | THE INDEPENDENT | The Finance Ministry is considering introducing a policy that sets standard rates for private audit firms that provide services to microfinance institutions. The Microfinance State Minister, Haruna Kyeyune Kasolo, says the ministry is concerned about the exorbitant costs microfinance institutions are incurring to procure …
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Kampala, Uganda | THE INDEPENDENT | Edith Namugga Tusuubira has been named the substantive Executive Director of the Uganda Microfinance Regulatory Authority. The authority is a government agency mandated to regulate license and supervise tier 4 microfinance institutions and money lenders in Uganda. These include Savings and Credit Cooperatives –SACCOs, Non-deposit …
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Kampala, Uganda | THE INDEPENDENT | The chief executive of Uganda Microfinance Regulatory Authority (UMRA) says money lenders and non-deposit-taking microfinance institutions should charge interest rates in the region charged by commercial banks. Avu Elly Biliku, in an interview with Uganda Radio Network on Wednesday said the microfinance law stipulates that …
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The Independent Uganda: You get the Truth we Pay the Price