Digital Lending Under Scrutiny in Uganda | Uganda News

Uganda News Today | 2 Min News | The Daily News Now! · Sep 7, 2026 · 1m

Parliament’s committee is investigating the Bank of Uganda over a surge in digital lending complaints, probing whether borrowers and unsuspecting guarantors are truly protected—and if lenders are obeying central bank rules. Officials were grilled over lender licensing, enforcement of borrower safeguards like the mandatory three-day review, and whether contracts are clear in local languages. Lawmakers are alarmed by reports of people being unknowingly saddled with debt, while the Bank of Uganda admits some lenders may fall under different ministries. The committee plans to summon digital…