Tag Archives: Julius Businge

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 …

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 …

The lender will now focus on technology usage, human resource capabilities and credit earnings from agriculture, manufacturing sectors to drive growth Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda Limited, a subsidiary of Bank of Baroda, India is focusing on investing in technology to offer efficient and timely …

Majority of the respondents do not anticipate demand for their products to increase until after 2021 Kampala, Uganda | JULIUS BUSINGE | Several businesses are cancelling planned investments as a measure to survive the negative economic impact caused by COVID-19 pandemic, according to a new report published by the Institute …

URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …

The bank is targeting businesses that are hit hard by COVID-19 Kampala, Uganda | JULIUS BUSINGE | With the easing of the lockdown and slow recovery of the economy impacted by the Covid-19 pandemic, financial institutions are now looking at how to reboot businesses and put them back to their …

Kampala, Uganda | JULIUS BUSINGE | Dr. Jane Ruth Aceng, Uganda’s minister of health has given the green light to scientists from Makerere University and their partners to proceed with clinical trials for treating COVID-19 patients using convalescent plasma. Aceng was speaking as chief guest at the launch of the Uganda …

British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …

Government urged to offer rebates on taxation, wages, savings, and electricity Kampala, Uganda | JULIUS BUSINGE | Manufacturers under their umbrella body, Uganda Manufacturers Association are in the early stages of engaging the government on a possible extension of the COVID-19 support that they were given for six months starting …

Industry regulator says the future is bright amidst current COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s retirement benefits sector recorded a 13.8% increase in assets to Shs13.2trillion for the year ended Dec. 2019, according to the Uganda Retirements Benefits Regulatory Authority’s performance latest report presented on Sept.02 in …