NSSF to pay lower interest rate as economy bites Last year, the National Social Security Fund (NSSF) paid its members an interest rate of 13%, which means that for every Shs 1 million saved, a member got an additional Shs 130,000 credited on the account. This year it could less, …
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Coffee entrepreneur Rugasira set to tussle it out with incumbent Olive Kigongo for UNCCI presidency As the Uganda National Chamber of Commerce and Industry (UNCCI) goes to the polls to elect new leaders, the battle lines have been drawn for the top job. Among those set to be elected in …
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On Aug. 01, 2016, the Ministry of Energy and Mineral Development announced the completion of evaluation of seven bids for the first competitive licensing round and invited four of them to negotiate for Production Sharing Agreements (PSAs). The government will eventually issue five exploration licenses upon successful completion of the …
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Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …
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VIDEO: The volatile situation in South Sudan continues to have a bearing on Ugandan businesses. Steel manufacturers Roofings reveal that the company is struggling especially after their biggest market was shut due to the unending conflict. Roofings business development manager Jason Mwesigwa says that the company has lost millions of dollars …
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VIDEO: NRM mobiliser Odrek Rwabwogo has said the country needs to check the greed of legislators. Rwabwogo, who is also President Museveni’ son in-law, says the excessive monetary demands are stalling parliament. He calls for an amendment of the constitution to adopt the Israel system where legislators are elected based on experience. His …
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VIDEO: Kenyan opposition chief Raila Odinga says cooperation between the East African countries should be in a manner that does not hurt the prospects of the neighbours. He said this at the weekend while in the country for the premiere of the film Queen of Katwe. He reassured Ugandans that he …
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A visit to the Uganda Cancer Institute (UCI) is for the hard-hearted since a row broke out between its management and those of the National Medical Stores (NMS) and drugs stopped being delivered. Patients who are in need of drugs now lie around without help. One of such patients is …
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THE LAST WORD: By Andrew Mwenda While NRM is a corrupt government, FDC has evolved into an extremist antidemocratic party Most commentary on politics in Africa tends to revolve around the analysis of the actions and motivations of incumbents in power. A narrative has consolidated: those in power in Africa …
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President Yoweri Museveni has described the Uganda Revenue Authority (URA) as one of the successes of the National Resistance Movement government. “You are among the greatest heroes of this nation,” said Museveni, in a speech read for him by the Prime Minister Ruhakana Rugunda at the climax of URA’s Silver Jubilee celebrations …
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The Independent Uganda: You get the Truth we Pay the Price