Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Uganda emerged as a standout performer at the Insurance Regulatory Authority awards, winning multiple accolades for its trailblazing client-centered solutions. The ceremony, held at Kampala Serena Hotel on Friday, March 15, 2024, celebrated the ingenuity of insurers across Uganda, highlighting …
Read More »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 …
Read More »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 …
Read More »27 Ugandans win Tony Elumelu funding support for 2024
Kampala, Uganda | THE INDEPENDENT | A total of 27 Ugandans have won funding support amounting to US$5, 000 (approx.Shs20million at current exchange rate) for the 2024 10th cohort, lower than over 209 winners for 2022, the Foundation’s chairman announced on March 22. Hoziana Niyonsaba Ssemanda, the head of marketing and …
Read More »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 …
Read More »Nabilatuk turns detention facility into youth center for boosting digital literacy
Nabilatuk, Uganda | THE INDEPENDENT | Authorities in Nabilatuk district have repurposed a former detention facility for suspected cattle rustlers into a youth center aimed at promoting digital literacy and education. Situated within Nabilatuk Town Council, the facility previously served as a detention center during cordon and search operations between 2022 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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