*Money Lending Interest Rate Cap at 33.6% per year!* A legal notice was tabled in Parliament yesterday, with the Ministry of Finance, Planning & Economic Development clarifying that under Section 89(1) of the Tier 4 Microfinance & Money Lenders Act, the maximum interest rate a money lender can charge is 2.9% per month or 33.6% per year. 🔗https://parliamentwatch.ug/wp-content/uploads/2025/02/The-Tier-4-Microfinance-Institutions-and-Money-Lenders-Prescription-of-Maximum-Interest-Rate-Notice-2024.pdf