Running a business while working a full-time 9-to-5 job is not easy, but it is possible with the right mindset and strategies. Many aspiring entrepreneurs start their journey while still employed, using their stable job income to build something bigger on the side. However, to succeed, you must learn how to delegate smartly without losing…
The National Social Security Fund (NSSF) Uganda has launched a groundbreaking voluntary savings product, NSSF Smartlife Savings Plan, to increase social security coverage and empower Ugandans to secure their financial future. This innovative plan targets existing NSSF members, non-members in the formal and informal sectors, and the diaspora. A Response to Members’ Needs The NSSF…
Remember when the Uganda Revenue Authority (URA) unveiled the Electronic Fiscal Receipting and Invoicing System (EFRIS)? Many business owners and traders were perplexed. Rumors swirled, and misconceptions spread like wildfire. ‘Is it another tax?‘ they wondered. Asking whether it was a new burden on their already strained businesses? But little did they know, EFRIS was…
As the curtains draw on 2024, Entebbe International Airport and the Civil Aviation Authority (CAA) proudly look back on a year of remarkable achievements. Significant growth, innovation, and infrastructure development have positioned Uganda’s premier airport as a beacon of excellence in African aviation. Here are some of the key milestones you need to know; Passenger…
As 2024 wraps up, we take stock of Uganda Revenue Authority’s (URA) performance, highlighting its progress, successes, challenges and lessons learned throughout the year. Revenue Collection: Exceeding Targets URA surpassed its revenue collection target by 5%, collecting UGX 22.4 trillion (approximately USD 6 billion) between January and December 2024. This feat demonstrates the authority’s commitment…
Ugandans received some fantastic news this week from the Bank of Uganda – the shilling had strengthened against the US dollar. According to the Bank of Uganda’s monetary policy report for October 2024, the shilling appreciated by 1.9% in the three months to September 2024, indicating stability in Uganda’s domestic financial market. This appreciation not…
We have stood a week of political noise over the sucessful motion in Parliament to return the Uganda Coffee Development Authority to the mother Ministry of Agricluture ,Animal Industry and Fisheries (MAAIF). The much hyped motion backed by Mengo and Legislators from the National Unity Platform sought to ‘Save’ the coffee industry by maintaining UCDA…
Losing a job or business can be devastating, especially when unexpected. The financial implications can be overwhelming, leading to panic and poor decision-making. However, with a clear head and strategic planning, you can navigate this challenging period. Immediate Steps Take a deep breath and assess your finances. File for unemployment benefits (if eligible). Notify your…
Starting tomorrow, November 1, 2024, Entebbe International Airport (EBB) will take effect new parking rates. The Uganda Civil Aviation Authority (UCAA) announced the changes recently, aiming to enhance airport services and facilities. The current rates have been in place since October 1, 2009. New Parking Rates: Category A: Saloon Cars & Station Wagons First hour:…
Uganda made its mark at the 16th ICAO Air Services Negotiation Event (ICAN2024) in Kuala Lumpur, Malaysia, from October 21 to 25, 2024. Led by UCAA’s Deputy Director General, Mrs. Olive Birungi Lumonya, the Ugandan delegation successfully negotiated and concluded several bilateral air services agreements (BASAs). The team held talks with Latvia, the United Kingdom,…
