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NSSF savers to get 11.5% interest 

NSSF savers to get 11.5% interest 

Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen

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Kisaka’s Dismissal Shocks, But Minister Kyofatogabye Says It Was Long Overdue

Kisaka’s Dismissal Shocks, But Minister Kyofatogabye Says It Was Long Overdue

In a surprising turn of events, several top officials from the Kampala Capital City Authority (KCCA), including Executive Director Dorothy Kisaka, were recently dismissed from their positions, marking a significant shakeup in the city’s administration. However, according to the Minister of

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KCCA to get new directors in three months - Museveni

KCCA to get new directors in three months - Museveni

President Museveni has fired Kampala Capital City Authority (KCCA) executive director Dorothy Kisaka,  her deputy Eng David Luyimbazi and the director of Public Health Dr Daniel Okello over Kiteezi landfill collapse that left 35 people dead and several others missing. “In a decisive

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How EU rule will change coffee sector

How EU rule will change coffee sector

The blanket regulation by European Union (EU) compelling farmers to prove that they did not contribute to deforestation before growing the produce has a massive potential to disenfranchise the entire coffee sector value chain with the smallholder farmers—who are the majority producers, bea

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Egyptian warship delivers more weapons to Somalia

Egyptian warship delivers more weapons to Somalia

An Egyptian warship has delivered a second major cache of weaponry to Somalia including anti-aircraft guns and artillery, port and military officials said on Monday, in a move likely to stoke further friction between the two countries and Ethiopia.Ties between Egypt and Somalia have grown th

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Richmond Finance Manager Instructs Staff to Withhold Tax Credit Information, Leaving Business Owners Unaware of Overpayments

Richmond Finance Manager Instructs Staff to Withhold Tax Credit Information, Leaving Business Owners Unaware of Overpayments

In a recent revelation, an email obtained by The Times-Dispatch shows that a manager in Richmond's Department of Finance directed an employee not to include information on tax overpayments in reports used to review taxpayer accounts. This decision has negatively impacted local business owners, leavi

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Why banks are joining unit trusts party

Why banks are joining unit trusts party

Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority of which are insurance firms.  The move creates a new dimension, in which assets under management - especially by ins

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‘We are proof that cancer can be cured’

‘We are proof that cancer can be cured’

Despite significant medical advancement globally, cancer continues to be a leading cause of death among children in Uganda. The complexities of diagnosis, treatment and access to care reveal a crisis that demands attention and action. The Uganda Cancer Institute (UCI) registers approxima

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Karamoja Youth Want All Government Fund Releases Pinned on Notice Boards

Karamoja Youth Want All Government Fund Releases Pinned on Notice Boards

Moroto, Uganda – Local government officials in Karamoja are currently facing pressure from anticorruption youth who have tasked them with printing and pinning all government and NGO fund releases for the region. The youth have gained this authority after being trained by the Karamoja Antico

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Government urged to put breaks on tax incentives to companies

Government urged to put breaks on tax incentives to companies

Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age

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