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Tag Archives: Markets

NSSF’s latest interest rate feared to disrupt markets

Kampala, Uganda | URN | The announcement that NSSF member-savers will earn a record 22.53 percent interest on their savings has been greeted with excitement. Savers in the contributory pension schemes are set to receive 5.44 trillion shillings in interest for the financial year 2025/2026. The excitement aside, the unusually …

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Adulterated honey floods Busia markets, raising health concerns

Busia, Uganda | URN | Residents of Busia are unknowingly consuming adulterated honey mixed with molasses, raising serious public health concerns and undermining the local honey market. Molasses, a byproduct of the sugar refining process, is increasingly being used by unscrupulous traders to dilute pure honey. While it is cheaper and …

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Vendors in new govt markets frustrated by power disruptions, theft

Kampala, Uganda | THE INDEPENDENT | Vendors operating in newly constructed modern markets across various urban councils in Uganda are struggling to profit from the huge government investments, citing persistent power outages and rampant theft. The government, using loans from the African Development Bank (ADB) and the World Bank, rolled out …

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DTB Uganda eyes UAE, Asia remittance markets

Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda has announced a strategic shift towards the rapidly expanding remittance corridors between Uganda and the United Arab Emirates (UAE) and Asia, as inflows from traditional sources such as Europe and North America begin to plateau. For years, Uganda’s remittance …

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