Business

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …

Uganda has set mid next year as the date for commissioning Karuma Hydropower Dam on the upstream of River Nile but there are now new concerns that the facility may not be ready as planned owed to a slow project implementation. Gulu, Uganda | THE INDEPENDENT | Ruth Nankabirwa, the …

ANALYSIS | Tourism | On Monday, Uganda joined the rest of the world to commemorate World Tourism Day celebrated under the theme “Tourism for Inclusive Growth”. The theme aimed at ensuring the sector draws in marginalized communities and empower them to benefit from decent jobs, cultural preservation and conservation. This …

Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as …

Insurance penetration remains one of the lowest among its peers in the East African region Kampala, Uganda | ISAAC KHISA | Insurance firm, GA insurance, has unveiled a new medical cover for senior citizens up to 80 years. Its Managing Director, Francis Kamau said, the health policy dubbed Graysure will …

The fund has reported an 8% increase in member contributions for FY2020/21 Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund will easily achieve its Shs 20 trillion asset under management target for 2025 once the NSSF Amendment Bill is passed into law, the fund’s executives say. The …

Kampala, Uganda | THE INDEPENDENT | Uganda’s external trade in goods declined further in the month of July, with both imports and exports recording declines. The import bill decreased by 436.80 million dollars while export receipts fell by 155.05 million dollars, according to latest information from the Ministry of Finance, Planning …

Mbale, Uganda | THE INDEPENDENT | Mbale’s first female mayor, Canon Janet Wesonga has spoken out against the omnipresent stench of rotting garbage in the city’s cente. She served as Mayor of Mbale between 1967 to 1971. In retirement at her country home in Bumaskiye, Janet Wesonga says she gets …

Dar es Salaam, Tanzania | Xinhua | Tanzania’s Zanzibar authorities on Saturday launched a research project aimed at enhancing the use of herbal medicines as an alternative cure for non-communicable diseases. The research will also involve adding value to herbal medicines through manufacturing processes and marketing. “Research and developing herbal …

  Kampala, Uganda | THE INDEPENDENT | Binance has unveiled free classes to Ugandans as it continues with its mission to increase the freedom of money for users, drive blockchain adoption and enable greater accessibility to a wider population globally. Through the Binance Academy, the company remains at the forefront of …