Business

A total of 42 percent of Uganda’s population aged 16 and above save money using different mechanisms, while 58 percent don’t save at all, the 2024 National Population & Housing Census report reveals. During the 2024 census, the Uganda Bureau of Statistics (UBOS) asked Ugandans the type of saving mechanisms they used in the last 12 months preceding the NPHC 2024. According to the report, saving money on mobile money was the most used mechanism for saving (20%), followed by keeping...

The government has rescued and returned home the third group of Ugandans with minor cases from jails in Saudi Arabia. A total of 20 ladies who were recently rescued arrived in Uganda on Monday night, November 4th, 2024, and were received by officials from the Ministry of Gender, Labour, and Social Development. Joshua Kyalimpa, the Ministry of Gender Spokesperson said the release stemmed from a series of mediation between the two countries. "The Ugandan government has been negotiating with the Kingdom of...

The Private Sector Foundation Uganda (PSFU) is set to hold its 9th private sector gala, where they will award individual and private companies that are positively impacting the livelihood of persons in Uganda. This was announced on Tuesday, November 5th, 2024 by the PSFU Executive Director, Stephen Asiimwe, while addressing a press conference at their offices in Kampala. Asiimwe said that they have different categories of awards, and they are meant to appreciate different people in the private sector. “The Gala is...

The leader of a little-known opposition political party in Uganda, “the National Economic Empowerment Dialogue (NEED)," Joseph Kabuleta, known for his scamming tactics, has finally joined the ongoing coffee debate. On Monday, November 4, 2024, while at the NEED headquarters in Mengo, Kabuleta, a former presidential candidate, as usual, made a trickster-like statement in which he attacked the government's decision to rationalize the Uganda Coffee Development Authority. Kabuleta’s move to join the ongoing debate is greatly motivated by the unrealistic desire...

The government has warned employers against exploiting their workers since it has led to low human capital in Uganda. This was issued by the Minister of Gender, Labour, and Social Development, Betty Amongi, while opening the 6th Annual Symposium on Businesses and Human Rights in Uganda on Monday, November 4th, 2024, at the Sheraton Hotel, Kampala. “Some employers exploit their employees in different ways. Some fire their workers without prior warnings, get uncalled-for demotions, change work schedules without informing the employee,...

Uganda Airlines has explained why it delayed paying the fuel supplier and attributed it to the policy of verifying fuel usage through technical logs rather than paying solely based on the supplier’s invoices. MixJet Flight Support, a private company, recently threatened to withdraw services within 48 hours over an alleged $10 million debt. In a statement released on Monday, November 4th, 2024, Uganda Airlines expressed disappointment over MixJet’s approach to publicizing the issue. “The delay in payment is derived from Uganda Airlines’...