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Why convicts now outnumber remandees

Why convicts now outnumber remandees

Previously, the prisons had more inmates on remand than the convicts serving their various sentences. But the trajectory has in the recent past since changed with now the convicts being more than those on remand. Statistics obtained from the Prisons show that there are 41,065 convicts, w

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From corporate to self -employment

From corporate to self -employment

Transitioning from a corporate job to self-employment is bold and challenging.  Stella Mugera: Pursuing passion Despite her fulfilling role as an economics policy analyst at the Uganda Local Governments (ULGA) Association, where she worked from 2008 to 2015, Mugera knew she wanted t

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Our returns are in their own orbit, says NSS boss

Our returns are in their own orbit, says NSS boss

As I get my 20 minutes in, the door swings open, and in walks Patrick Ayota with a fascinating blend of fluster and composure, wrapped in a chic black suit that somehow manages to look both formal and effortlessly cool. It’s a Sunday morning. Time check: 10.20 am. He pauses, scanning the r

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Youth urged to harness AI for creativity, not crutch for innovation

Youth urged to harness AI for creativity, not crutch for innovation

With the emergence of Artificial Intelligence (AI) technology, young people have been urged not to let AI diminish their capacity for innovation and creativity, but rather to use it to enhance their abilities. Mr Ibrahim Kayongo, Quality Manager at Tecno Uganda, emphasized that while AI

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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

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SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community. The event held at Tuzza Hotel in Bushenyi brought together over 100 leaders from across the West Ankole Region,

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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

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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

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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

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Kibuli Muslim Hospital Earns Praise for Exceptional Healthcare Services

Kibuli Muslim Hospital Earns Praise for Exceptional Healthcare Services

Kibuli Muslim Hospital has been recognized for its exceptional service to the Ugandan community. During a recent meeting with the hospital’s management team, John R. Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA), commended the hospital’s dedication and sacrifices in s

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