Business

The pandemic has eroded return on contributor’s savings Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension firm, National Social Security Fund, will pay low interest rates on contributor’s savings due to the impact of coronavirus pandemic. NSSF Managing Director, Richard Byarugaba, flanked by his deputy, Patrick Ayota, said on Sep.24 …

Jinja, Uganda |  THE INDEPENDENT |  Busoga kingdom’s prime minister, Joseph Muvawala who doubles as the national planning authority executive director has been summoned to appear before the committee on commissions statutory authorities and state enterprises-COSASE over the questionable manner in which he acquired the property on plot 38-40 located along  …

Kampala, Uganda |  THE INDEPENDENT |  Government has said that the covid-19 pandemic has greatly affected its progress in poverty alleviation. The pandemic has also affected progress in eliminating hunger, providing education, clean water and sanitation, and provision of affordable clean energy. The minister for general duties in the office of …

Kitgum, Uganda |  THE INDEPENDENT |  Two market vendors in Kitgum Municipality have been evicted from their stalls after they allegedly voted for a candidate the market chairperson and vendors opposed. Alice Lacwec and Kevin Alimocan all vendors at Tuma Atoo market in Central Division were reportedly shown the exits after …

  COMMENT | Michael Jjingo | Certainly, the best innovations are created in response to specific, urgent, and significant problems, with a long-term focus. In some ways, the Covid-19 crisis has made our most urgent problems and their potential solutions more obvious. For example, health care providers needed masks; some …

Airlines in all regions are expected to record negative operating income in 2020 Kampala, Uganda | JULIUS BUSINGE | Coronavirus pandemic nearly brought the aviation industry on its knees, with thousands of flights banned in many countries around the world, but it is picking up again. Several airlines including, Uganda …

Kalangala, Uganda |  THE INDEPENDENT |  A cross section of travelers have decried the prolonged absence of the MV Kalangala ferry. The ferry stopped operating the Entebbe-Kalangala route in February when it was taken for regular maintainance. Seven months later,the ferry has not yet resumed operations. Now, travelers including Nalongo Agnes …

Kampala, Uganda |  THE INDEPENDENT |  Savers with the National Social Security Fund will get an additional 10.75 percent of the value of their total savings held as at July 2020 in form of annual interest. This follows the surprise declaration of the interest rate for the year by the Minister …

Jinja, Uganda |  THE INDEPENDENT |  The fire which gutted vitafoam mattress factory in Njeru Municipality Buikwe district on Monday morning ruined the main mattress production departments at the plant. Although police and the factory management have not yet ascertained the cost of damages caused by the fire, a store with …

Amuru, Uganda |  THE INDEPENDENT | The National Agricultural Advisory services- NAADs has embarked on a two-weeks verification of the Atiak Sugar Project beneficiaries’ exercise. The exercise targeting about 2,500 farmers from Amuru, Lamwo, Gulu and Adjumani districts under Gem Pacilo cooperative Society started today and is expected to end by …