Telecom investments have shored up NSSFâs income, strengthening the Fundâs 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
Five months after its launch, Zimbabweâs new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the governmentâs plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the
Companies participating in this year’s Top-100 mid-sized survey have been advised to invest in digital transformation to scale efficiency and effectiveness. Speaking at the Top 100 Forum on Technology in Kampala yesterday, Mr Sam Barata, the general manager commercial at Nation Media G
The collapse of the Kiteezi landfill, which led to the deaths of over 35 people, numerous injuries, and the destruction of several homes, stands as one of the most catastrophic incidents in Uganda's history. The tragedy sparked debate about whether it was an accident or criminal negligen
The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
As schools opened for the third term on Monday, flood-affected schools in Ntoroko District faced significant disruptions, with some relocating and conducting classes in tents, leading to low student turnout and teacher absences. Ntoroko District has been grappling with floods for more th
Soroti City councilors have approved new rental charges for Soroti Central Market, aiming to resolve ongoing disputes between city authorities and vendors. During a special council meeting at city hall today, councilors agreed that vendors should begin paying the new rates to generate re
With their backs against the wall, sixt-time league winners Vipers face a do-or-die moment as they prepare for a crucial showdown with Baker Mbowa's rejuvenated Express on Thursday at St Mary's Stadium Kitende. After a dismal 3-1 defeat to Nec on Sunday that left fans in disbelief, dr
Ugandan scientists have launched a Shs9.8 billion study to develop a vaccine for the deadly Crimean-Congo Hemorrhagic Fever (CCHF). The two-year study, which is already underway, is being conducted by researchers from the Uganda Virus Research Institute (UVRI) and the Medical Research
