Lack of major growth in sales remains an issue Kampala, Uganda | ISAAC KHISA | Uganda Clays Limited has recorded a 70% growth in net profit to Shs2.17 billion for the six months ending June 30. The stellar performance comes on the back of its majority shareholder, the National Social …
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But it does not mean workers strike goes ahead in November. Here’s why Kampala, Uganda | JULIUS BUSINGE | Another stalemate looms over the Pension Reform Bill, which was first tabled in parliament six years ago, as National Organisation of Trade Unions (NOTU) warns of a strike and the Minister …
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The National Social Security Fund’s move to shut down its old e-collection system and adopt a more advanced tech savvy portal last year coupled with increase in compliance has boosted its capability to collect more employee contributions, according to its Managing Director, Richard Byarugaba. KAMPALA, UGANDA |ISAAC KHISA| Byarugaba, who …
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How BoU is overseeing the biggest asset grab ever Kampala, Uganda | HAGGAI MATSIKO | On July 3, Crane Bank which is under receivership by Bank of Uganda (BoU) sued its former owner, Sudhir Ruparelia, and a company called Meera Investments Ltd also owned by Sudhir in what might turn …
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More than 290 firms approved to participate in Uganda oil industry this year Kampala, Uganda | RONALD MUSOKE | Uganda has unveiled its first National Suppliers Database with more than 290 firms approved to supply goods and services in the fledging oil and gas industry this year. The companies can …
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THIS WEEK: Ssali defeats NSSF in court again In a July 06 ruling, High court judge Stephen Musota ordered the National Social Security Fund to pay its Deputy Director Geraldine Ssali for sending her to forced leave. Ssali had in 2016 run to court after the Fund’s board sent her …
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Investors demand information on business opportunities Kampala, Uganda |Ian Katusiime| Since her appointment in April, Jolly Kaguhangire, the new executive director of Uganda Investment Authority (UIA) has been in discussions with business people and government officials on how to make the country a globally competitive destination for investment. She has …
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NSSF widens pension coverage with new saving plan Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …
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Annette Rumanyika-Mulira is the Managing Director at Stanlib Uganda. She spoke to the Independent’s Agnes E Nantaba about fund and investment management in Uganda What are the key elements in your management philosophy as a manager? A managerial role normally comes with responsibilities over the operations of the entire company …
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The Pension sector liberalisation bill which has spent time in parliament is now facing another hurdle- from the Minister of Public Service, Mukasa Muruli. He argued that it was risky for a country to put its pensioners’ savings in the hands of investors who could flee with the money in …
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The Independent Uganda: You get the Truth we Pay the Price