Museveni wants law to regulate moneylenders

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Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-10-02 05:14:43

President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people .

The President said his government would push for the enactment of a law to fight the vice.

“Money lenders are becoming a problem. They go to our villagers [and] cheat them [villagers],” President Museveni said on October 1 during the opening ceremony of the Southern and Eastern Africa Chief Justices Forum conference at Speke Resort Munyonyo in Kampala.

Mr Museveni gave an elaborate example of how ignorant…

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