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
Traditionally, investment clubs were small, community-based groups that met regularly to discuss opportunities and pool their resources into low-risk ventures. Today, this landscape has evolved. Modern investment clubs are now boldly pooling funds to venture into higher-risk assets and f
Briefly tell us about yourself.I have been the chief executive officer of Uganda Hotel Owners Association (UHOA) for the last eight years. I started as the first female CEO of this association. When I took over, I was the youngest person to hold this position.We started the association with
The absence of a substantive Central Bank governor – a key figure in managing the economy – robs the country of much-needed expertise, experts have said. The position has remained vacant for 969 days and counting following the death of Emmanuel Tumusiime-Mutebile in a Nairobi hospi
There was outrage on social media after Multichoice Uganda subscribers learnt that the service provider had hiked its premium contentâs pricing for DStv and GOtv once again as it struggles to balance its costs with the fast-shrinking market. The price increments average 3
A fortnight ago, the offices of the Criminal Investigations Directorate (CID) and the Director of Public Prosecutions (DPP) held their first-ever coordination meeting. This was in a bid to have more successful court convictions when prosecuting criminal cases ar
President Joe Biden is planning a trip to Angola in coming weeks, fulfilling an earlier promise that would make him the first U.S. head of state to visit sub-Saharan Africa since Barack Obama in 2015, three sources familiar with the plans said.
The Ugandan government is proposing to create more new cities amid concerns that the nine cities, which were created in 2020, are already crippling financially and operating under numerous challenges.The Constitut
The Ministry of Finance, Planning, and Economic Development has said external financing for the National Budget is constantly on the decline.According to the ministry, this requires the government to strengthen do
As of April 2024, the East African Community accounted for 31.7 percent of Uganda’s total export market whereas her total trade with the rest of the world increased by 36.3 percent to US$18.1billion in 2023 from US$13.3billion in 2022, while total imports from
