Katikkiro Mayiga warns Ugandans about fake money lenders

The Katikkiro of Buganda Kingdom, Mr Charles Peter Mayiga, has cautioned Ugandans against using fake money lenders to expand their businesses and improve their income status.

Speaking during a media engagement with a delegation from ECO Bank at Bulange Mengo on Tuesday, Katikkiro Mayiga emphasized that dealing with fake money lenders often results in exorbitant interest rates.

“Fake money lenders normally ask for accumulative interest rates and you find that your business is making losses instead of profits,” he said.  

Mr Mayiga urged small…