Tag Archives: finance

Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) was on Nov. 14 declared the overall winner of the 2018 financial reporting awards organised by the Institute of Certified Public Accountants of Uganda (ICPA-U) at Serena Hotel, beating several other participants. The organisers said the Fund won because …

Kampala, Uganda | JULIUS BUSINGE | Rashmi Pillai is the programs director at Financial Sector Deepening Uganda (FSDU). She spoke to The Independent’s Julius Businge about the recently held Financial Inclusion Week and related sector issues. What was the financial inclusion week about? The Financial Inclusion Week begun as a concept …

Kampala, Uganda | THE INDEPENDENT | Former finance minister Prof Ezra Suruma has said that Uganda’s financial sector is defective and should be reformed to serve all Ugandans. Suruma said that three decades after liberalization, the banking sector has not reached the ordinary grassroots Ugandan even though the World Bank and …

London, United Kingdom | AFP | October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written …

Kampala, Uganda | THE INDEPENDENT | The government should work towards scrapping the 1% mobile money and Shs200 social media taxes in a bid to promote financial inclusion. This is the view of the Principle of Makerere University Business School, Prof. Waswa Balunywa. Balunywa, who was on Oct.08 speaking at a …

Kampala, Uganda  | THE INDEPENDENT | The Minister of State for Planning David Bahati has confirmed several radical tax proposals and amendments to the Income tax Bills, including increase excise duty on diesel and petrol by Sh100 for a litre  to generate Sh196.4 billion. Another key new tax proposal is …

THIS WEEK: Shs530billion set aside for salary enhancements, Kasaija Kampala, Uganda | THE INDEPENDENT | While tabling the Shs30 trillion budget for FY2018/19 last week, Finance Minister Matia Kasaija revealed that Shs530billion has been set aside to cater for salary enhancements for some public servants including medical workers, university lecturers, low …

London, United Kingdom | AFP | There had never been much doubt that in London’s testosterone-fuelled financial sector female workers’ salaries lagged far behind those of their mostly male colleagues. Now this has been confirmed in black and white after the British government forced UK-based banks to publish their own so-called …

To increase emerging markets’ share of infrastructure investment, the world needs more `patient capital’ COMMENT | JUSTIN YIFU, HAVARD HALLAND & YAN WANG | Lawmakers in the United States have introduced legislation that, if enacted, would create a new development finance institution (DFI) to replace the Overseas Private Investment Corporation. Unlike …

Critics say shelving the proposed pension liberalization bill exposes the Shs 9 trillion fund to political and corporate governance risks Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund finally won the battle to retain its status as a mandatory scheme for all employees in informal and formal …