NSSF declares a 9.65% interest rate for savers
Uganda’s retirement savings organisation, the National Social Security Fund (NSSF) has declared an interest rate of 9.65% for its members for the year ended June 30, 2022. This year’s interest…
Uganda’s retirement savings organisation, the National Social Security Fund (NSSF) has declared an interest rate of 9.65% for its members for the year ended June 30, 2022. This year’s interest…
On Thursday, September 9, 2022, the Parliament of Uganda passed the Computer Misuse (Amendment) Bill, 2022, which was privately moved by Kampala Central MP, Muhammad Nsereko. The Bill imposes tough…
The Islamic Development Bank (IsDB) has approved US$295 million for upgrading Ugandan roads under Sovereign Financing Projects and US$100 million for the East Africa Crude Oil Pipeline (EACOP) Project under…
The Financial Intelligence Authority (FIA) is Uganda’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to competent authorities. FIA was established by the Anti-Money…
The Third National Development Plan (NDPIII) aims at harnessing both government and private sector strengths, in a mixed economy approach, to grow Uganda’s real economy. This is going to be…
Air transport(Africa’s Airlines) supports 7.7 million jobs and $63 billion in African economic activity. That is 2.2% of all employment and 2.7% of all GDP in African countries in 2018.…
Umeme Uganda’s major hydro power supplier recently released its unaudited interim condensed financial results for the period that ended in June of 2022. This covers the past six months of…
Uganda’s Court of Appeal on August 8th overturned a High Court decision directing the National Social Security Fund (NSSF) to reimburse Uganda Telecom (UTL) Ush14bn that was saved from the…
Uganda’s central bank and financial sector regulator, the Bank of Uganda (BoU) has increased its lending strategy rate by 50 points to nine per cent (9%) for the third consecutive…
According to statistics, mobile money has been a tremendous contributor and one of the biggest drivers of financial inclusion in Uganda. By the second quarter of 2021, Uganda Communications Commission…