Investors demand information on business opportunities Kampala, Uganda |Ian Katusiime| Since her appointment in April, Jolly Kaguhangire, the new executive director of Uganda Investment Authority (UIA) has been in discussions with business people and government officials on how to make the country a globally competitive destination for investment. She has …
Read More »NSSF widens pension coverage with new saving plan
NSSF widens pension coverage with new saving plan Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …
Read More »Pension tax could discourage savings
Annette Rumanyika-Mulira is the Managing Director at Stanlib Uganda. She spoke to the Independent’s Agnes E Nantaba about fund and investment management in Uganda What are the key elements in your management philosophy as a manager? A managerial role normally comes with responsibilities over the operations of the entire company …
Read More »Pension sector liberalisation bill faces more opposition
The Pension sector liberalisation bill which has spent time in parliament is now facing another hurdle- from the Minister of Public Service, Mukasa Muruli. He argued that it was risky for a country to put its pensioners’ savings in the hands of investors who could flee with the money in …
Read More »Government to sell properties belonging to pensions thieves
The Directorate of Public Prosecutions has moved to the executive division of the High court in Kampala to have the properties of former permanent secretary Jimmy Lwamafa, former principle accountant Christopher Obey and former director for research and development Stephen Kunsa Kiwanuka confiscated. The trio was found guilty of embezzling …
Read More »Oil and gas development to boost hotel industry
Jean – Philippe Bittencourt, is the general manager for Sheraton Kampala Hotel. He spoke to The Independent’s Julius Businge on the prospects of Uganda’s hotel industry. How would you describe the 50 years journey of Sheraton Kampala Hotel? It is a landmark in our lives and we will continue to …
Read More »VIDEO: Dorcus Inzikuru rules NSSF Run
VIDEO: Dorcus Inzikuru is back. At least that is what it looked like when the former steeplechase champion dominated the NSSF Kampala Hash 7 hills run today morning. Hundreds took to the 7 hills of Uganda to run and raise money to improve education conditions for the children of Kampala. Share …
Read More »Banks high interest rates hurt more than lenders
World Bank describes impact on business growth, spending, saving culture. The banking segment is the most visible face of Uganda’s financial sector. So could the bad name it currently carries be hurting individuals and the economy generally? The World Bank Manager in Kampala, Christina Malmberg Calvo, thinks so and she …
Read More »Government re-tables NSSF Bill
The government has reintroduced the Retirements Benefits Sector Liberalisation Bill 2011 to Parliament amidst protests from Worker’s members of parliament and trade unionists. The Bill is aimed at ending the monopoly of the National Social Security Fund as the savings body for workers. The Fund is now worth Shs6 trillion. …
Read More »BUSINESS BRIEFS: NSSF increases stake in Umeme, MTN cuts rates
The National Social Security Fund has bought more shares in power distributor Umeme, increasing its stake from 14% to 23 %. NSSF boss Richard Byarugaba said Fund’s decision was in line with “our statutory mandate to invest NSSF members savings for high returns.” He said the Fund has reached an …
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