Business

Hoima, Uganda | THE INDEPENDENT | Billions of shillings disbursed to districts for the Parish Development Model (PDM) programme across the country are still lying idle just months to the end of the financial year. In February this year, President Yoweri Museveni launched the Parish Development Model (PDM) at Kibuku …

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court in Kampala has remanded Brender Nakalanzi, the Managing Director for Goshen Hope Enterprises, to Luzira Prison on charges of causing government a financial loss of more than one billion shillings. Nakalanzi was on Friday afternoon arraigned before the Anti-Corruption Court Chief …

Kampala, Uganda | THE INDEPENDENT | Apple farmers in Western Uganda have been encouraged to grow more of the fruit to tap into the expanded local market. Uganda breweries Limited-UBL is collaborating with agencies including National Agricultural Research Organization-NARO to mobilize local farmers with a focus on boosting apple growing for …

Cape Town, South Africa | THE INDEPENDENT | Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African …

  But the country still has a lot of coffee that is still being dried on the ground Kampala, Uganda | ISAAC KHISA | Uganda’s coffee industry will seek new international market for their products to reduce over concentration on traditional buyers to boost farmer’s income. Coffee is the country’s …

The pension fund manages assets worth over Shs15.5 trillion invested in assets cross East Africa Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund has paid Shs400bn to 18000 eligible members for the mid-term access since the exercise commenced on March.17, the fund’s executive said. The payments are in accordance with …

Borrowers took more loans in 2021 compared to a year before Kampala, Uganda | THE INDEPENDENT | Uganda’s largest commercial banks reported a sharp growth in earnings in 2021, pointing to the recovery of the economy following its partial reopening. However, some are worried about risks arising from inflation and …

Kampala, Uganda | THE INDEPENDENT | The Government and workers’ representatives have agreed to scrap the 120 months-contribution thresh-hold requirements for National Social Security Fund-NSSF midterm access. Usher Wilson Owere, the chairperson of the Nation Organization of Trade Unions-NOTU disclosed this during the Labor Day celebrations at Kololo ceremonial grounds. The Gender, Labor …

Kampala, Uganda | THE INDEPENDENT | Up to sh400 billion has been paid out to over 18,000 claimants under the National Social Security Funds-NSSF midterm access. According to information obtained by URN, the fund made the first disbursement on March 17, 2022, after receiving 41,174 applications. Of these, only 14,690 applicants were …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has maintained his stand on prioritizing better payment of civil servants in science-related fields as workers push for the harmonization of salaries across the board and enactment of a minimum wage. He was speaking during the International Labour Day celebrations …