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Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc

Ultimate Uganda

EOC urges government to stop funding schools charging high fees

EOC urges government to stop funding schools charging high fees

The Equal Opportunities Commission (EOC) has asked the government to stop funding top schools that continue to charge excessive school fees. Ms Susan Nambatya, the EOC research associate, who yesterday spoke at the release of findings of a study on fees charged by government and private

Ultimate Uganda

Open Letter to Professor Ssentongo: Addressing Inappropriate Remarks About Eric Joseph Sakwa

Open Letter to Professor Ssentongo: Addressing Inappropriate Remarks About Eric Joseph Sakwa

Dear Professor Jimmy Ssentongo, As a cultural institution representing the Bamasaba people, we have received a complaint from one of our clan members, Eric Joseph Sakwa, of Namwenula Village, Siu Clan, Mbale District. It concerns your recent public comments, in which you described him as a â€

Ultimate Uganda

NSSF savers set to get more than 10%

NSSF savers set to get more than 10%

Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week.  NSSF managing director Patrick Ayota said at a news conference in

Ultimate Uganda

PRIMEIs the EU coffee rule worthwhile?

PRIMEIs the EU coffee rule worthwhile?

The new regulation demanding coffee farmers and exporters to prove that the commodity did not contribute to deforestation before being allowed access to the European Union (EU) market has suddenly sent the sector regulator into an overdrive mode, if not, a state of uncertainty, Prosper Magaz

Ultimate Uganda

How East Africa has changed presidents since Museveni era started

How East Africa has changed presidents since Museveni era started

Since President Museveni took over as the head of State in 1986, the leadership in the neigbouring countries has kept changing. We take a look at Mr Museveni’s counterparts since then.Kenya

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Vandals, inside theft and ageing grid damn UETCL

Vandals, inside theft and ageing grid damn UETCL

The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi

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Store credit cards now carry a record interest rate as more Americans struggle to make payments

Store credit cards now carry a record interest rate as more Americans struggle to make payments

Retail credit card interest rates have reached an all-time record, according to new data from Bankrate.The average APR for retail credit cards is 30.45% this year, which is up from 28.93% a year ago, 26.72% two ye

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Strange Plane Lands at Heathrow Airport

Strange Plane Lands at Heathrow Airport

(London UK) – An unusual sight at London’s Heathrow Airport caught the attention of onlookers as the Airbus Beluga, a plane designed to carry large cargo, landed to deliver critical parts for a grounded British Airways aircraft. The plane, named after the be

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Para-powerlifting: Mbaziira's performance impresses Coach Sekilanda

Para-powerlifting: Mbaziira's performance impresses Coach Sekilanda

Para-powerlifter Dennis Mbaziira was not any close to the podium at the 2024 Paralympic Games that ended Sunday in Paris, but national coach Kenneth Sekilanda was impressed by the lifter's performance and has predicted a brighter future. 

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