Washington, United States | AFP | An Iraq war veteran canceled his plan to crowdsource $1 billion to help President Donald Trump build a wall on the Mexico border Friday after raising only $20 million and drawing questions about his online activities. Triple-amputee veteran Brian Kolfage launched a GoFundMe account …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga plans to waive a requirement for a mandatory certificate of Financial Implication, to allow legislators present private members bills. Kadaga accuses the Ministry of Finance of using the requirement to deliberately frustrate private bills. Parliament Rules of Procedure provide …
Read More »
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) is embroiled in a conflict over its representation to the National Social Security Fund (NSSF) board. The 11th NSSF board was inaugurated by Finance Minister Matia Kasaija yesterday but without workers representatives from NOTU. The inaugurated board is …
Read More »
Poor money management skills blamed for the biting poverty Kampala, Uganda | THE INDEPENDENT | Teaching financial literacy to adult populations has got a lift with the unveiling of an online platform that will make financial education more interesting. SIMU Plus has partnered with Uganda Telecom for a roll-out of …
Read More »
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) was on Nov. 14 declared the overall winner of the 2018 financial reporting awards organised by the Institute of Certified Public Accountants of Uganda (ICPA-U) at Serena Hotel, beating several other participants. The organisers said the Fund won because …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Rashmi Pillai is the programs director at Financial Sector Deepening Uganda (FSDU). She spoke to The Independent’s Julius Businge about the recently held Financial Inclusion Week and related sector issues. What was the financial inclusion week about? The Financial Inclusion Week begun as a concept …
Read More »
Kampala, Uganda | THE INDEPENDENT | Former finance minister Prof Ezra Suruma has said that Uganda’s financial sector is defective and should be reformed to serve all Ugandans. Suruma said that three decades after liberalization, the banking sector has not reached the ordinary grassroots Ugandan even though the World Bank and …
Read More »
London, United Kingdom | AFP | October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written …
Read More »
Kampala, Uganda | THE INDEPENDENT | The government should work towards scrapping the 1% mobile money and Shs200 social media taxes in a bid to promote financial inclusion. This is the view of the Principle of Makerere University Business School, Prof. Waswa Balunywa. Balunywa, who was on Oct.08 speaking at a …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati has confirmed several radical tax proposals and amendments to the Income tax Bills, including increase excise duty on diesel and petrol by Sh100 for a litre to generate Sh196.4 billion. Another key new tax proposal is …
Read More »
The Independent Uganda: You get the Truth we Pay the Price