Uganda’s 3rd Safe Motherhood Conference discusses innovative solutions Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Ministry of Health, in partnership with PATH Uganda, convened a three-day conference to address the pressing issue of maternal mortality. The “Safe Motherhood Conference” aim was to share insights, discuss innovative solutions, and strategize on reducing …
Read More »BOU: Save only in regulated financial institutions
Kampala, Uganda | THE INDEPENDENT | The acting Governor Bank of Uganda (BOU) Michael Atingi-Ego has urged savers in the country to always entrust their savings to regulated financial institutions only. “The only way to preserve and grow the value of your money is to earn a return greater than inflation. …
Read More »Now is the right time to teach children saving
COMMENT | JULIET BAGGYA NSIYONA | One of the communities known widely for the old age tradition of saving is India. Popularly known for encouraging the saving of chunks of their income rather than consuming it, this tradition is instilled right from birth, so, ideally each Indian child is aware …
Read More »Regulator urges savers to exercise restraint on Midterm Access
URBRA’s Nsubuga says “we think that this lump sum payment is not attractive” Kampala, Uganda | THE INDEPENDENT | The pensions sector regulator URBRA insists that the decision to allow savers to withdraw up to 20 percent of their savings to cater for emergency financial distress was wrong and could …
Read More »It is 12.15% interest rate for NSSF members
✳ 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% …
Read More »Kasaija hails retirement benefits sector as it grows to 11.1% of GDP
Uganda’s retirement benefits sector grows from sh15.4 trillion to Sh17 trillion, 11.1% of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise …
Read More »Small banks pay higher interest to savers
Kampala, Uganda | THE INDEPENDENT | Saving with a smaller bank earns you a better return than you would get with glamorous bigger banks, analysis of the latest Bank of Uganda data compilation shows. The data which shows what the banks pay you and charge you shows that commercial banks outside …
Read More »Centenary Bank, stakeholders equip girls with financial literacy skills
Kampala, Uganda | THE INDEPENDENT | The girl child aged 13 to 18 years have been challenged to embrace the savings culture. This was during the launch of a campaign dubbed #365Saving organized by a group Women4Her in collaboration with Centenary Bank several other stakeholders. The campaign’s main goal …
Read More »NSSF boss tips employees on saving culture
Kampala, Uganda | THE INDEPENDENT | The Managing Director of National Social Security Fund (NSSF), Richard Byarugaba, has urged employees to save for their future retirement. He said statistics in the East African region show that Uganda has one of the least saving culture which is not good for the economy. …
Read More »Kasekende, Bagyenda, Mutebile fight isn’t helpful
Saving Bank of Uganda: Why Kasekende, Bagyenda, Mutebile fight isn’t helpful Kampala, Uganda | HAGGAI MATSIKO | Bank of Uganda (BoU) is under fire as its top managers; Governor Tumusiime Mutebile, the Deputy Governor Louis Kasekende, and the Director Supervision Justine Bagyenda, fight each other amidst accusations of incompetence and abuse …
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