Mr Museveni who has been in power since 1986 when he became president after a five-year guerrilla war wondered why moneylenders in Uganda are charging 20 percent interest on loans per month and “causing suicide to our young people.”“While chairing the NRM Caucus at Entebbe State House this afternoon (September 28), I directed the Minister for finance to put out a statutory instrument within two weeks on the interest paid to money lenders in accordance with the inflation which the NRM will support. President Museveni said Thursday that he had directed the Minister for finance to put out a statutory instrument within two weeks on the interest paid to money lenders. Is this a positive thing for the economy ?
