Shareholders agree to increase remuneration for company chairman, directors by 20% Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu limited voted overwhelmingly to increase the pay for the company chairman and directors during their 58th Annual General Meeting held at Serena Hotel on July 6. The virtual AGM, attended by …
Read More »A regulated pensions environment breeds transparency and accountability
COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …
Read More »Uganda Law Society cleared to conduct online AGM
Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has granted permission to the Uganda Law Society to conduct a virtual Annual General Meeting. The meeting that brings together more than 3,500 members is scheduled to take place on September 10, 2021. The permission follows a successful application by …
Read More »NSSF: It is double digit, 10.7% interest despite COVID-19
✳ 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% Members to earn Sh1.14 trillion on their accounts Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has today declared an unexpected double …
Read More »Uganda Securities Exchange gives green light over AGMs
The delay and postponement of 2020 AGMs means that the final dividend payment may not be paid on time Kampala, Uganda | ISAAC KHISA | Now Uganda’s listed companies have until July.30 to hold their Annual General Meetings and determine their future growth, according to Paul Bwiso, the Uganda Securities …
Read More »USE suspends AGM’s over coronavirus pandemic
Shareholders will now not be able to vote on resolutions such as dividend payments, changes to directorships, approval of accounts within stipulated timeframe Kampala, Uganda | ISAAC KHISA | Uganda’s listed firms had big plans for their annual shareholders meeting (AGM) starting next month, giving opportunities to their owners and …
Read More »What interest rate will NSSF declare to savers today?
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 -……….. Kampala, Uganda | THE INDEPENDENT | Ten days after cautioning that National Social Security Fund (NSSF) will pay a lower interest rate on account of a drop in its total …
Read More »Kilembe Investments Limited defies court order, holds AGM
Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited-KIL has defied court orders restraining them from holding their Annual General Meeting. KIL held the Eighteenth Annual General Meeting on Thursday at Virina Gardens in Kasese town. Two shareholders were also voted to positions of directors of the board of the power …
Read More »Sadolin offers Shs 50 million to support Ugandan architects
Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint injected Shs 50 million in the just concluded Uganda Society of Architects Annual General Meeting (AGM), a move that company officials said would boost the association’s work thereafter. Speaking to The Independent on the sidelines of the AGM at Pearl of Africa Hotel …
Read More »NSSF members get 11.23% interest but fund size, compliance grows
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has declared 11.23% interest rate on members’ savings for the financial year 2016/2017, lower than the 12.3% paid out for FY2015/2016. Officials said the lowering of interest rate was because of a bad economy that affected its …
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