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The National Social Security Fund (NSSF) is projecting robust performance at the close of the Financial Year 2024/25, with income expected to reach UGX 3 trillion and assets under management forecasted to grow to UGX 25 trillion—marking a continued upward trajectory for Uganda’s largest retirement benefits scheme. This projection represents significant year-on-year growth, building on the UGX 2.53 trillion in income and UGX 22.13 trillion in assets that the Fund recorded at the close of the Financial Year ended June 30, 2024. In light of the strong financial performance, NSSF is expected to declare a competitive interest rate to members…
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The Bank of Uganda (BoU) has opted to hold its Central Bank Rate (CBR) steady at 9.75% in its May 2025 Monetary Policy statement, citing a resilient domestic economy and broadly contained inflation, but warning of heightened global uncertainties and a shifting balance of risks that could push inflation upwards in the near term. The Monetary Policy Committee (MPC), chaired by Governor Michael Atingi-Ego, emphasized that while inflation remains below target and growth remains firm, there is increasing concern over the potential for inflationary pressures to build up if economic activity accelerates beyond current supply capacities or if global disruptions…
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The Uganda Wildlife Authority (UWA) has ushered in a new era of leadership with the formal handover of office from outgoing Executive Director Mr. Sam Mwandha to Dr. James Musinguzi….
The 2024/2025 financial year is here and the Government’s fiscal strategy aims at attaining inclusive economic growth, while maintaining a stable macroeconomic environment and preserving debt sustainability; it will require sh72 trillion. As an infrastructure financing enthusiast, I am happy with the Government’s goal of achieving fiscal strategy through continued investment in public infrastructure for inclusive growth — that is the right way to go. Public infrastructure is wide, but the most important aspects would cover transportation (bridges, roads, airports, rail transport), water (water supply, water resource management, sewage and drainage systems) and energy—power generation and distribution. Given the revenue…
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MTN Uganda successfully concluded its 2024 Supplier Forum, held yesterday, at the MTN Head Offices in Kampala. The event, themed, “Building Tomorrow’s Supply Chain Today,” brought together over 300 MTN Uganda vendors and partners, aiming to unlock innovation and growth potential through technology and partnership synergies. MTN Uganda’s Supplier Forum is a key event in the company’s calendar, designed to bring together vendors and partners to discuss the future of supply chain management in the industry, every other year. Building on the success of the inaugural forum in 2022, which hosted over 300 vendors, this year’s event focused on creating…
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dfcu Bank kicked off its customer engagement program this week with a customers’ dinner held at Hotel Triangle in Mbarara City. The initiative seeks to foster and cement meaningful connections with its clientele through a series of dynamic meaningful engagements aimed at propelling business growth. The engagements which started in Western Uganda, will be held countrywide, with emphasis on the districts where dfcu has physical presence. Speaking at the customers’ dinner, the dfcu Bank Chief Executive Officer, Charles Mudiwa noted that the engagements will incorporate a spectrum of activities designed to listen to, and gather customer feedback and to actively…
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Building a startup is an endeavour that is as challenging as it is rewarding. It is a journey that is fraught with uncertainty, risk, and the potential for failure. The default outcome for most startups is failure, with success being the exception rather than the norm. This is not to discourage potential entrepreneurs, but rather to underscore the reality of the startup landscape and the need for resilience, determination, and a willingness to learn from mistakes. A startup, by definition, is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it…
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In startups, the “growth at all costs” mindset refers to a strategy where startups prioritize rapid growth and market domination above all else, often disregarding profitability, long-term sustainability, or ethical considerations. This approach typically involves aggressive tactics such as massive user acquisition, heavy spending on marketing and advertising, and focusing on scaling operations as quickly as possible. The hope is that, after a significant number of years and investment, the startup will slow down and focus on profitability leveraging its almost monopolistic market share. This is made possible by raising large chunks of external funding from investors. The roots of…
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In an address to the Assembly Hall at the Paulskirche in Frankfurt, Germany on June 25, 1963, the then USA president, John F Kennedy said one of his famous quotes. “For time and the world do not stand still.” he said, “ Change is the law of life.” And change is upon us at SafeBoda. In a LinkedIn post, Rob Sanford announced his promotion to the CEO job at SafeBoda, one of Uganda’s biggest startups. (Read our story about the announcement here). A few days later, his predecessors, Co-CEOs Maxime Dieudone and Alastair Sussock confirmed the news in separate LinkedIn…
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