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Uganda Microfinance Regulatory Authority information


Uganda Microfinance Regulatory Authority
Agency overview
Formed2017 (age 6–7)
JurisdictionGovernment of Uganda
HeadquartersKampala, Uganda
Agency executives
  • Chairperson, Jacqueline Mbabazi
  • Executive Director, Edith Namugga Tusuubira[1]
Parent agencyUganda Ministry of Finance, Planning and Economic Development
Websitewww.umra.go.ug

The Uganda Microfinance Regulatory Authority (UMRA) is a government agency responsible for the licensing, supervision and regulation of Tier-4 micro finance institutions, money lenders, savings cooperatives and any money-lending institution with capital of less than USh500 million (US$140,000). Tier-4 institutions are those that do not accept financial deposits and are not under the supervision of the Bank of Uganda, the central bank and national banking regulator.[2]

  1. ^ John Semakula (24 August 2019). "Tusuubira Appointed UMRA Executive Director". New Vision. Kampala. Retrieved 25 August 2019.
  2. ^ Newspaper Supplement (11 December 2017). "Ministry of Finance, Planning & Economic Development: Launching of the Uganda Microfinance Regulatory Authority (UMRA)" (PDF). Daily Monitor. Kampala. Retrieved 21 April 2018.

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