President Yoweri Museveni on Saturday officially launched the Parish Development Model (PDM), a flagship programme that the government hopes will help lift the majority of Ugandans out of poverty. According …
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Hopes for the Uganda Revenue Authority (URA) to hit the set revenue collection target of Shs 22 trillion continue to shrink, with the tax body registering a shortfall of Shs …
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The impact of Covid-19 pandemic led to a severe contraction in economic activity due to a combination of global supply chain disruptions, travel restrictions and the sudden decline in demand. …
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On January 24, 2022, Uganda lifted all Covid-19 related restrictions, effectively reopening the economy after nearly two years of lockdown. For many businesses that operate 24-7 such as bars and …
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Banking & SavingsEconomicsLatest NewsNews
Emmanuel Tumusiime-Mutebile: Seasoned economist who was never shy to speak about government’s fiscal policy mistakes
Emmanuel Tumusiime-Mutebile, who has been at the helm of Bank of Uganda for over 20 years, the longest-serving Central Bank Governor in Africa, was never shy to speak his mind …
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Banking & SavingsFinanceLatest NewsNews
Why did Stanbic Bank waive 2021 unpaid accumulated interest on loans to privately owned schools?
Last year, the government in conjunction with the Bank of Uganda and the Uganda Bankers Association launched a Shs200 billion recovery funds for Small and Medium Enterprises (SMEs) affected by …
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Banking & SavingsLatest NewsNews
Potential NSSF Fund beneficiaries cautioned against rushing to access their benefits
President Yoweri Museveni on January 4, 2022, signed into law the NSSF (Amendment) Bill, 2021 which means that workers who have saved for over 10 years and are over 45 …
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EconomicsFintechLatest NewsNewsTechnology
How digital innovations are driving Uganda’s socio-economic transformation
In 2020, the Deputy Director – General of the World Trade Organization, Xiaozhun Yi, wrote that a digital economy also known as economic activity that results from daily online connections …
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The National Social Security Fund (NSSF) has recently been making news headlines in connection to the mid-term access. With Parliament debating the amended NSSF amendment Bill on mid-term access, public …
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Banking & SavingsLatest NewsNews
Why NSSF needs to set aside Sh1 trillion to pay those eligible for midterm access
The National Social Security Fund (NSSF) said recently that it was ready to effect pay-outs to savers eligible for the midterm benefits if the NSSF Amendment Bill 2021 is swiftly …