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NSSF payouts insufficient for retirement-survey

Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …

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UNDP confirms Uganda’s Middle Income status

Uganda’s Middle Status: Income or Human Development? NEWS ANALYSIS | THE INDEPENDENT | Reports from a UNDP Human Development Index released last week, that Uganda had attained middle-income status, has drawn less reactions than the 2022 announcement by government that the country had attained the necessary indicators. Experts are of …

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MTN Uganda boosts female entrepreneurship

The AWE initiative has increased  representation of the  telco’s women suppliers from 7% in 2023 to an impressive 15% Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant stride in championing gender diversity within its supply chain, increasing the representation of women suppliers from 7% in 2023 to …

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Manufacturers devise new approach against financial fraud

Kampala, Uganda | THE INDEPENDENT | Uganda Manufacturers Association (UMA) is leading private sector efforts in a new effort against financial fraud in business operations in the country. Under this approach, a database is being developed to compile and profile any person who has been implicated in any form of financial fraud …

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Why nations must follow money from environmental crimes

Kampala, Uganda | THE INDEPENDENT | The Financial Action Task Force (FATF) – the global anti-money laundering watchdog— estimates that environmental crime is one of the most profitable criminal enterprises, generating around USD 110 to 281 billion in criminal gains each year; however, its latest figures suggest that less than 1 …

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Italy vows to renew economic presence in Uganda

Rome, Italy | THE INDEPENDENT | Italy is embarking on a new era in its trade and investment relations with Uganda, with officials promising new and bigger investments in different sectors, especially agriculture, health and other sectors. This comes as the Italian Agricultural Machinery Manufacturers Federation (FederUnacoma), is in the final …

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NSSF Report: Savers are spending benefits on education, land

Kampala, Uganda | THE INDEPENDENT | A recent National Social Security Fund- NSSF beneficiary survey report indicates that savers are spending their benefits on non-income-generating expenses, such as education, constructing residential homes, and acquiring land. According to the report, the expenditures come at the expense of ensuring a decent standard of …

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