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 Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv
Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the
Joviah and Samantha have been my friends for donkey years. Both love pets. But when I visited them last Sunday, they had complaints. Joviah owns a pet dog, Cooper. Her daughter, Samantha, owns a pet cat, Luna. Both animals are always fighting each other. Samantha explains first: “Her dog e
Ugandan coffee shipments are overflowing the European Union (EU) as traders scramble to get their hands on beans before the year-end implementation of new environmental regulations. Under the EU's Deforestation Regulation (EUDR), importers into the bloc will have to demonstrate that good
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
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
Dear Professor Jimmy Ssentongo, As a cultural institution representing the Bamasaba people, we have received a complaint from one of our clan members, Eric Joseph Sakwa, of Namwenula Village, Siu Clan, Mbale District. It concerns your recent public comments, in which you described him as a â€
In the wake of the ICC Men's Cricket World Cup Qualifiers, Uganda is set to take on Papua New Guinea (PNG) in a four-match bilateral series, renewing a rivalry forged on the world stage. This series, starting Wednesday and to hosted at the picturesque Entebbe Oval, promises an exciting
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
