The National Social Security Fund (NSSF) has announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. Non-compliant employers will …
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The currency structure of Uganda consists of banknotes and coins and is denoted in Uganda Shilling (UGX). The following denominations are currently in circulation: Banknotes UGX 1,000 UGX 2,000 …
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Fitch Ratings, the International credit rating agency, has upgraded Stanbic Bank Uganda Limited’s (SBUL) Viability Rating (VR) to ‘b+’ from ‘b’ due to improved capital buffers relative to its risk …
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Banking & SavingsFinanceLatest NewsNews
Improved output in March fails to rouse employment—finds Stanbic PMI survey
The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to …
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PostBank Uganda has today announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of …
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Non-Governmental Organisations(NGO) play a critical role in the socioeconomic development of a country, whether that be the creation of citizen agency or creating employment for thousands of citizens. In the …
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dfcu Bank has appointed Mr. Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. Charles brings on board over 26 years of experience in Banking, …
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Stanbic Holdings Uganda Limited (SHUL) has reported that profit after tax went up 33% to UGX357.4 billion from UGX269.3 billion in 2021. Assets surged 3.9% from UGX8.7 trillion to UGX9.1 …
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Banking & SavingsLatest NewsNews
NSSF gives employers 30 days to register employees or risk penalties for non-compliance
The National Social Security Fund (NSSF)has given all employers in Uganda a 30-day deadline to register and remit social security contributions for their employees. Acting Managing Director Patrick M. Ayota …
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This is the season of results, when Uganda’s commercial banks and other financial institutions are obligated by statute, to publish their financial statements. Marketing managers of our daily newspapers are …