Search Results

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

Ultimate Uganda

The unending struggles of KCCA leadership

The unending struggles of KCCA leadership

First, it claimed the scalp of Jennifer Musisi, who at the time seemed to be permanent furniture at the Kampala Capital City Authority (KCCA).  After, Erias Lukwago, the City Lord Mayor, went lyrical, singing his heart out after the exit of his biggest nemesis at the City Hall. When M

Ultimate Uganda

Government loans worth Shs13 trillion remain unutilised 

Government loans worth Shs13 trillion remain unutilised 

The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt Statistical Bulletin. The Bulletin, which covers and analyses a wide range of public debt developments, indicates that

Ultimate Uganda

More than half of employers on NSSF register are not active 

More than half of employers on NSSF register are not active 

Only 26.2 percent of employers registered with the National Social Security Fund are active, according to the NSSF managing director Patrick Ayota. The details above mean that the majority of companies and organisations on the Fund’s register, which stands at least 73.8 percent are

Ultimate Uganda

What other players give savers eager to grow money

What other players give savers eager to grow money

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

Ultimate Uganda

From childhood friends to lifelong partners

From childhood friends to lifelong partners

“The first time I set my eyes on him, he was playing the drums at church. He had the most charming and calm smile I have ever seen. His zeal to serve the Lord and Christ-like character kept drawing me to him,” reveals Hope Lilian Nelomi, on what she says was love at first sight for Ephra

Ultimate Uganda

Government projects uniform fuel prices by December

Government projects uniform fuel prices by December

Government has said it expects fuel prices to be uniform or have slight variances in about three months, a key discussion point since government took over as the sole importer and supplier of oil products. Responding to Monitor inquiries regarding the slow reduction in fuel costs among b

Ultimate Uganda

The IGG Report that led to firing of KCCA's Kisaka, Luyimbazi, Okello

The IGG Report that led to firing of KCCA's Kisaka, Luyimbazi, Okello

A summary report of the Inspector General of Government (IGG) Beti Kamya shows that Ms Dorothy Kisaka, the sacked executive director of the Kampala Capital City Authority (KCCA), was fired by President Museveni for mainly four reasons. According to the summary report that this publicatio

Ultimate Uganda

We had to pay the price, says Luyimbazi

We had to pay the price, says Luyimbazi

The now sacked deputy executive director of the Kampala Capital City Authority (KCCA), Mr David Luyimbazi, has denied claims that as top leaders they slept on the job and are to blame for the Kiteezi dumpsite disaster. Mr Luyimbazi, who President Museveni sacked alongside KCCA Executive

Ultimate Uganda

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

Ultimate Uganda