Jinja, Uganda | THE INDEPENDENT | Kiira region police have arrested two suspected ringleaders of motorcycle theft in Jinja, Namutumba, Iganga, Luuka, and Bugiri districts. The suspects, who are in custody at Kakira central police station are Matiya Musana, a resident of Kinyolo village in Kakira town council, and Dennis Waiswa, …
Read More »EAC urged to bring down costs of transport, logistics to boost exports
Dar es Salaam, Tanzania | Xinhua | The East African business watchdog called for deliberate actions to bring down the cost of transport and logistics to ensure exports compete at domestic and international levels. In a statement issued late Thursday, the East African Business Council (EABC) said EAC transport costs are …
Read More »Warning signs for eurozone after euro parity with U.S. dollar
The euro has lost around 12 percent of its value against the dollar since the beginning of this year Rome, Italy | Xinhua | The euro and the U.S. dollar have broadly traded on par with each other this week after a steep devaluation for the euro which experts say will …
Read More »COMMENT: Counting the benefits of a regulated retirement benefits sector
COMMENT | MATIA KASAIJA | It is ten years since the enactment of the Uganda Retirement Benefits Regulatory Authority (UBRBA) Act, 2011. It has been a decade of transformation for the retirement benefits sector. If anything, the last ten years have demonstrated the relevance and significance of a regulator for …
Read More »TotalEnergies agrees four development initiatives to spur the Albertine region
TotalEnergies EP Uganda Reinforces its Commitment to Sustainability Initiatives in Road Safety, Biodiversity & Cultural Heritage conservation in the Albertine Region Kampala, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has today reaffirmed its commitment to sustainable development initiatives through the signing of four agreements aimed at enhancing road safety, …
Read More »Euro falls below parity against U.S. dollar
Frankfurt, Germany | Xinhua | The Euro on Wednesday briefly slipped below parity against the U.S. dollar in intraday trading after data released by the U.S. Department of Labor showed that the Consumer Price Index (CPI) surged 9.1 percent from a year ago in June. The exchange rate on Wednesday plunged …
Read More »The need for portability of benefits across EAC borders
Kampala, Uganda | THE INDEPENDENT | Since its establishment in 2014, the East African Pension Supervisors Association (EAPSA) has been promoting the pension agenda within the region focusing on mutual cooperation, information sharing, and capacity building among pension supervisory authorities. Key among the issues on the EAPSA agenda is the …
Read More »KACITA calls for reduction of central bank rate
Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has called for the reduction of the Central Bank Rate-CBR, saying it has made borrowing from commercial banks very expensive. CBR is the rate that is used by the Central bank to implement or signal its monetary policy stance. It is …
Read More »Banks target selected sectors amidst growing economic crisis
Kampala, Uganda | THE INDEPENDENT | The banking industry is worried over the rate at which the cost of living in Uganda is rising threatening the recovery of the economy. The Uganda Bureau of Statistics reports that headline inflation steadily increased to 6.8 per cent at the end of June, from …
Read More »Innovation key to the future of the pension sector
Kampala, Uganda | THE INDEPENDENT | Uganda’s Retirement Benefits Sector is yet to expand coverage to all working citizens to enable them save for retirement, with confidence and without coercion. Currently, only 2.8 million Ugandans are covered under a retirement plan, with the majority of them under the mandatory NSSF. …
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