The President argued that low electricity tariffs and low cost of transportation of goods and services are key components for propelling the Ugandan economy to the upper rungs of middle-income status. “If you want a modern economy, you must handle the four sectors as I have told you bu
If you had Shs100m in savings, where would you invest it? Would you consider safety first or simply dive into government bonds, or venture into stocks? Maybe your hard-earned savings could find a cosy home in real estate or leave it with the National Social Security Fund (NSSF) and forget ab
When Linda Namugerwa, a landlord in Nakawa, Kampala, rented a two-bedroom house to a family of five, she didn’t anticipate the challenges that would arise. The family soon brought in additional relatives, swelling the total number of occupants to nine. Within a few months, the incr
Many children with hearing impairment in villages across Bukedi Sub-region face significant challenges in accessing education. In response to this need, 70-year-old Sam Kateu, a retired civil servant who once worked as a procurement officer at the Ministry of Works, established Kavule Pa
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
The Uganda Tourism Association (UTA) has appointed Muhereza Kyamutetera as its new Chief Executive Officer, effective October 1, 2024. Kyamutetera’s appointment comes at a critical moment for Uganda’s tourism sector as it continues to recover from the significant disruptions caused by the COVID-
U.S. President Joe Biden announced on Tuesday the donation of 1 million mpox vaccine doses and at least $500 million to African countries to support their response to the outbreak. Biden made the announcement at the United Nations General Assembly in New York, and called on other countri
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
Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr
Resty Namata began her career at Kiteezi Landfill as a sorter earning about Shs7,000, and eventually advanced to a picker, earning at least Shs10,000 daily. But more than half of the workers are women, who turn to this refuge to cope with socio-economic challenges."We are 600 women out of ab
