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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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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

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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

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Mangoes: The Ultimate Prenatal Superfood for Expecting Mothers

Mangoes: The Ultimate Prenatal Superfood for Expecting Mothers

According to a recent study published in the journal Nutrients, mangoes have emerged as a potential superfood for pregnant women, offering a wide range of health benefits.The Mango Magic The study revealed that women who incorporated mangoes into their diets scored 16% higher on the Healthy Eating

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Equity Bank Unveils Digital Savings Options To Boost Financial Inclusion

Equity Bank Unveils Digital Savings Options To Boost Financial Inclusion

Equiy Bank has today unveiled a range of new digital savings products designed to help customers save seamlessly, grow their money and reach their financial goals with greater ease.  Accessible through the bank’s Mobile App and online platforms, the offerings include Classic Savings, Call

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Inside Uganda’s murky carbon offset markets

Inside Uganda’s murky carbon offset markets

According to the National Emergency Coordination and Operations Centre (NECOC), a loose outfit for disaster risk monitoring and profiling, in the Office of Prime Minister (OPM), large swathes of the Mt Elgon ranges are uninhabitable owing to susceptibility to a

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Never lose hope, says Archbishop Kazimba Mugalu

Never lose hope, says Archbishop Kazimba Mugalu

Archbishop of the Church of Uganda, Dr Samuel Kazimba Mugalu, has urged Christians to remain hopeful and positive in all circumstances.Speaking at the launch of a fundraising campaign for Nyakasura School’s

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Agape Care Group Expands Hospice Services Across Multiple States

Agape Care Group Expands Hospice Services Across Multiple States

Agape Care Group, a leading provider of hospice and palliative care services, has recently announced an expansion of its services in multiple states. The company, known for its exceptional care and dedication to patients, has acquired select Crossroads Hospice l

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PRIME Rebecca Cheptegei’s death: Why danger lurks for athletes in troubled unions

PRIME Rebecca Cheptegei’s death: Why danger lurks for athletes in troubled unions

On Thursday morning, the world woke up to the news of the death of top Ugandan marathoner, 33-year-old Rebecca Cheptegei, who had been undergoing treatment at the Moi Teaching and Referral Hospital in Eldoret. 

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How Ndere fell deep into Shs10bn debt

How Ndere fell deep into Shs10bn debt

A few days ago, Quickway Auctioneers and Court Bailiffs listed for public auction, three properties including Ndere Cultural Centre, a well-known institution for cultural preservation and education, due to an unpaid loan.The public notice indicated that Ndere Cultural Centre, sp

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