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    Parliament Approves Mid-Term Access to NSSF Savings but who is eligible?

    URNThe Big StoryFebruary 18, 2021February 18, 2021

    Parliament has passed the National Social Security Fund- NSSF Bill 2019, giving Ugandans aged over 45 years and those who have saved for 10 years to access 20 per cent…

    Unlimited Domestic Borrowing Creating Lazy Investors – Uganda Debt Network

    URNBanking & Financial ServicesFebruary 17, 2021February 17, 2021

    Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN.   Domestic Borrowing is done through the issuance of securities like treasury…

    SACCOs Ask Gov’t to Expedite Release of Emyooga Funds

    URNBanking & Financial ServicesFebruary 17, 2021February 17, 2021

    Savings and Credit Cooperative Organizations- SACCOs have raised concern about the delay to release funds under the Emyooga program.  More than 356 SACCOs were registered in Kampala Capital City Authority-KCCA…

    BOU Maintains Credit Relief for Borrowers as COVID-19 Effects Persist

    URNBanking & Financial ServicesFebruary 16, 2021February 16, 2021

    The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts…

    Cancel Mining Licenses for Karamoja, Minister Demands

    URNBanking & Financial ServicesFebruary 15, 2021February 15, 2021

    The minister in charge of Karamoja Affairs, John Byabagambi has asked the ministry of energy and mineral to cancel all the mining licences issued to investors proposing to mine in…

    Civil Society Tells Gov’t to Shelf Plans to Tax Cash Withdrawals

    URNBanking & Financial ServicesFebruary 15, 2021February 15, 2021

    The civil society under the umbrella, the Tax Justice Alliance has joined the fight against the proposed taxation of cash withdrawals from banks, calling for wider consultations and study of…

    Uganda Airlines Made UGX 40B From Passenger Revenue Last Year

    URNCompany NewsFebruary 12, 2021February 12, 2021

    Uganda Airlines made revenue worth UGX40 billion from the time it started operations to the end of December 2020. This is according to Cornwell Muleya, the Chief Executive Officer, Uganda…

    Bankers Oppose Planned Cash Withdrawal Tax

    URNBanking & Financial ServicesFebruary 11, 2021February 11, 2021

    The Uganda Bankers Association, UBA, is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the…

    Japan Gives Uganda UGX 135.6 Billion for Yumbe-Manibe Road Works

    URNBanking & Financial ServicesFebruary 11, 2021February 11, 2021

    The Japanese government has contributed UGX135.6billion (3.821 billion Japanese yen) for the construction of 23.6Km Yumbe-Manibe road in Yumbe District.  It’s part of the contribution by the Japanese government towards…

    Total Uganda Evaluates Residual Land In 10 Districts For Compensation

    URNBanking & Financial ServicesFebruary 11, 2021February 11, 2021

    Total-Uganda is evaluating the residual land of the people affected by the East African Oil Pipeline (EACOP) project in the ten districts within the pipeline route. According to Stella Amony,…

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