Uganda is increasingly becoming a destination not only for tourism but also Fintech businesses as digital lending businesses are springing up and thriving in the East African country of about 47 Million population (over 50% of which have mobile telephone and internet access) as well as other populous African countries like Nigeria, Rwanda, Ghana, Kenya etc. In Uganda, anyone seeking a money lenders’ licence must be a legal entity with an established office in Uganda. Money Lending business in Uganda is regulated by the ‘Tier 4 Microfinance Institutions and Money Lenders Act 2016 (“MFI/ML Act”). Prior to the enactment of … Continue reading HOW TO SET UP A MONEY LENDER COMPANY IN UGANDA