Are you an employee seeking to supplement your retirement savings or self-employed and you’re seeking to safeguard your golden years, here is why you need to consider signing up for the NSSF Voluntary Contribution Scheme. The NSSF Voluntary Contributions scheme allows individuals to save additional funds beyond the mandatory contributions. This flexible savings option benefits:…
The National Social Security Fund (NSSF) Voluntary Savings Plan has revolutionized the savings landscape in Uganda, empowering citizens to secure their financial future. Launched to supplement the mandatory NSSF scheme, this voluntary plan allows individuals to save extra funds for retirement, emergencies, or long-term goals. Key Features: 1. Flexibility: Members can contribute any amount, at…
In a pioneering effort to promote transparency and accountability, the Uganda Revenue Authority (URA) is set to host the first-ever Regional Integrity Forum in Mbarara next week. This groundbreaking event will convene stakeholders from across the region to explore the critical intersection between revenue mobilization and integrity. Themed ‘Enhancing Revenue Mobilization through Integrity’ the forum…
The Uganda Revenue Authority (URA) has unveiled new passenger baggage clearance guidelines, effective July 1, 2024, aimed at streamlining and simplifying the customs clearance process at Entebbe International Airport. The revised rules, which increase the duty-free allowance from $500 to $2000 for travelers who have been outside the country for over 24 hours, are set…
The Bank of Uganda, established in 1966, is the central bank of Uganda, responsible for promoting economic stability and growth. Over the years, the bank has had nine governors, each contributing to its development. Here is a profile of all the governors and how they have shaped the bank’s trajectory. Governors of the Bank of…
By Teddy Namayanja The Uganda Civil Aviation Authority (UCAA) has recorded remarkable achievements over the past two years, cementing its position as a growing aviation regulator in Africa. From introducing new flights to expanded airport infrastructure and digital innovations, UCAA’s progress has been impressive, thanks to the tireless efforts of its dedicated team, stakeholders,…
By Teddy Namayanja Uganda’s aviation sector has experienced significant growth in passenger and cargo traffic over the past few years, contributing substantially to the country’s economic development. The Uganda Civil Aviation Authority (UCAA) has released impressive statistics, indicating a steady increase in air travel and cargo transportation. Passenger Traffic According to UCAA’s 2022 annual…
By Teddy Namayanja The National Social Security Fund’s (NSSF) Livelihoods Support Project launched in OTUKE District, on Friday, October 4, 2024 is a game-changer for Uganda’s informal sector workers. By targeting those outside the social security coverage, NSSF aims to bring 4 million workers, especially in small-scale agriculture, into the formal savings space. This…
By Teddy Namayanja The National Social Security Fund (NSSF) made history on Thursday, September 26, 2024 when it announced an 11.5% interest rate payout, totaling a record-breaking Ugx 2 trillion, for the Financial Year 2023/24/. This milestone benefits over 2.3 million registered members with balances in their savings accounts. Minister of Finance Matia Kasaija…
By Teddy Namayanja In a significant move towards enhancing tax transparency and cooperation, the Uganda Revenue Authority (URA) Tax Investigations team met with various Ministries, Departments, and Agencies (MDAs) on October 8, 2024 to review and prepare a consolidated position for the country’s 2nd Round Peer Review Report. This report will be presented at…
