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NSSF savers get 9.65 percent interest

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is to pay out 9.65 per cent to each of its savers for the year ended June 2022. This is the first time in 15 years that the rate announced is below 10 per cent, mainly due to the …

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Elgon Advocates snub Sipapa for alleged failure to clear legal fees

Kampala, Uganda | THE INDEPENDENT | Lawyers representing businessman Charles Olimu aka Sipapa together with his wife Shamirah Nakiyemba on charges of aggravated robbery have withdrawn alleging failure by their client to pay legal fees. Sipapa and Nakiyemba are currently in Luzira prison after they appeared before Makindye Chief Magistrates Court three …

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Financial technology industry better regulated today: Operators

Kampala, Uganda | THE INDEPENDENT | The financial technology (FinTech) industry has grown faster than the managers of the economy had anticipated, with the number of FinTechs growing from just five in 2017 to 189 in 2022. This has come with regulatory challenges due to the complex nature of the industry that …

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Joint security forces recover stolen animals in Kotido

Kotido, Uganda | THE INDEPENDENT | The joint security forces in Kotido district have recovered 22 animals that Karamojong rustlers stole from Agago district. Col. Wilberforce Sserunkuma, the 405 Brigade Commander said the recovery of the animals was part of the efforts in the ongoing cordon and search operations. He said the …

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Purity essentials baby powder recalled from the market over asbestos

Kampala, Uganda | THE INDEPENDENT | South African company Tiger Brands has recalled its Purity Essentials Baby Powder products after finding levels of asbestos, a chemical whose exposure has been linked to various cancers in test samples. According to a warning notice written by Meti Demissie Disasa, the Registrar COMESA Competition Commission, …

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Court dismisses jailed MPs bid for prosecution witness protection application

Kampala, Uganda | THE INDEPENDENT | The International Crimes Division of the High Court in Kampala has dismissed an application in which the lawyers representing Kawempe North Member of Parliament Muhammad Ssegirinya and his Makindye West counterpart Allan Ssewanyana, wanted to be part of the application seeking to protect prosecution witnesses. The …

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WHO cautions against use of known Ebola therapeutics for Sudan strain

Kampala, Uganda | THE INDEPENDENT | The World Health Organization-WHO has urged health workers in Uganda not to consider using Ebola therapeutics used to treat patients in the neighboring DR Congo, saying these will not be effective. Speaking at an Ebola Infection Prevention and Control-IPC meeting for health workers held on Monday, …

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Uganda’s fiscal deficit is worrying: Minister Musasizi

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …

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