Kampala, Uganda | THE INDEPENDENT | The old taxi park will be reopened on October 20, even before completion of the renovation works, Kampala Capital City Authority- KCCA has resolved. A report presented by Hakim Kizza, the Executive Secretary for Engineering and Works to the KCCA council on Thursday, indicates …
Read More »Chinese delay FID on Lake Albert oil projects
Hoima, Uganda | THE INDEPENDENT | Totalenergies Uganda Deputy Gereral Manager, Mariam Nampeera Mbowa .says its Joint Venture partner CNOOC is holding the announcement of the Final Investment Decision on the Lake Albert Oil Development project. “I can confirm that the board of Total took FID on the Ugandan project …
Read More »It is 12.15% interest rate for NSSF members
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …
Read More »Karuma Dam completion date hangs in balance
Uganda has set mid next year as the date for commissioning Karuma Hydropower Dam on the upstream of River Nile but there are now new concerns that the facility may not be ready as planned owed to a slow project implementation. Gulu, Uganda | THE INDEPENDENT | Ruth Nankabirwa, the …
Read More »Innovation can enable equal participation in tourism sector
ANALYSIS | Tourism | On Monday, Uganda joined the rest of the world to commemorate World Tourism Day celebrated under the theme “Tourism for Inclusive Growth”. The theme aimed at ensuring the sector draws in marginalized communities and empower them to benefit from decent jobs, cultural preservation and conservation. This …
Read More »UBA Bank appointed a primary dealer in government debt market
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as …
Read More »GA Insurance unveils medical cover for senior citizens
Insurance penetration remains one of the lowest among its peers in the East African region Kampala, Uganda | ISAAC KHISA | Insurance firm, GA insurance, has unveiled a new medical cover for senior citizens up to 80 years. Its Managing Director, Francis Kamau said, the health policy dubbed Graysure will …
Read More »NSSF pegs its Shs20 trillion target on new bill
The fund has reported an 8% increase in member contributions for FY2020/21 Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund will easily achieve its Shs 20 trillion asset under management target for 2025 once the NSSF Amendment Bill is passed into law, the fund’s executives say. The …
Read More »Suspension of gold exports over new tax lowers Uganda’s trade balance
Kampala, Uganda | THE INDEPENDENT | Uganda’s external trade in goods declined further in the month of July, with both imports and exports recording declines. The import bill decreased by 436.80 million dollars while export receipts fell by 155.05 million dollars, according to latest information from the Ministry of Finance, Planning …
Read More »Mbale’s first female Mayor Wesonga unhappy city has lost glory
Mbale, Uganda | THE INDEPENDENT | Mbale’s first female mayor, Canon Janet Wesonga has spoken out against the omnipresent stench of rotting garbage in the city’s cente. She served as Mayor of Mbale between 1967 to 1971. In retirement at her country home in Bumaskiye, Janet Wesonga says she gets …
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