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When Your Phone Becomes Your Enemy: Loan Apps Feast on Desperate Ugandans

When Your Phone Becomes Your Enemy: Loan Apps Feast on Desperate Ugandans

(Kampala) – In a country where the price of a rolex (the edible kind) now rivals that of a boda boda ride, the cost of living is pinching harder than a kameeza wife eyeing her husband’s thin wallet. And as Ugandans grapple with the ever ascending prices of k

Ultimate Uganda

Uganda Central Bank Cracks Down on Predatory Digital Lenders

Uganda Central Bank Cracks Down on Predatory Digital Lenders

Bank of Uganda headquarters in Kampala.KAMPALA, UGANDA – The Bank of Uganda has issued a warning to Payment Service Providers (PSPs) against dealing with unlicensed digital lenders, citing concerns over predatory lending practices

Ultimate Uganda