Kamwenge, Uganda | THE INDEPENDENT | The collapse of 13 Savings and Credit Cooperative Organizations –Saccos in Kamwenge and Kitagwenda has raised fears among district authorities over the future of Saccos there. According to Kamwenge District Status report for the 2018/2019 financial year, 13 Saccos have collapsed in the last ten …
Read More »
Kampala, Uganda | THE INDEPENDENT | Edith Namugga Tusuubira has been named the substantive Executive Director of the Uganda Microfinance Regulatory Authority. The authority is a government agency mandated to regulate license and supervise tier 4 microfinance institutions and money lenders in Uganda. These include Savings and Credit Cooperatives –SACCOs, Non-deposit …
Read More »
Sam Omukoko is the group managing director for Metropol Corporation Limited, a business, information and credit management company. He spoke to The Independent’s Julius Businge about their business in Uganda and the East African region. Could you describe the role of Metropol Corporation Limited? Our role is to compile and …
Read More »
EFC Uganda Limited also known as EFC Uganda is a microfinance deposit-taking institution in Uganda and has been operating since 2012. The company’s Managing Director Shem Kakembo spoke to The Independent’s Julius Businge about their business. What is your description of EFC as a business as we speak? Our business …
Read More »
Kampala, Uganda | THE INDEPENDENT | Eighteen members of dfcu investment clubs are in the Kenyan Capital Nairobi on an all expense study tour that will build their capacity in effective and efficient management of clubs, the bank said in a Jan.28 notice. They were flagged off on Jan.27. This group …
Read More »
Kampala, Uganda | THE INDEPENDENT | Saving schemes under the Uganda Co-operative Savings and Credit Union Limited have petitioned Parliament challenging the proposed corporation tax on SACCOs. Government suggested a corporation tax on profitable SACCOs in the financial year 2018/2019. Corporation tax is a tax imposed on the net income of …
Read More »
Kampala. Uganda | THE INDEPENDENT | The government proposal to reinstate corporation tax on Savings Credit and Cooperative Societies-Saccos has met stiff opposition from members of parliament. Corporation tax is a tax imposed on the net income of a company. Government proposes to levy the corporation tax on profitable Saccos with …
Read More »
Kampala, Uganda | GODFREY SSALI | President Yoweri Museveni has cautioned members of Savings and Credit Cooperative Societies (SACCOs) on the habit of non repayment of loans saying it is the reason why many SACCOs and credit institutions have collapsed. This was contained in his speech read by the State …
Read More »
Tax experts say government needs to refocus its priorities Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …
Read More »
New digital technology to ease community health based insurance payment By Susan Babijja The Rwanda Social Security Board (RSSB) has introduced a new subscribing scheme through which community will pay their annual health insurance. The mobicash scheme is a result of partnership entered between RSSB and Mobicash; a mobile solutions …
Read More »
The Independent Uganda: You get the Truth we Pay the Price