Category «Business»

NSSF wins Alcon case

The NSSF has won another round in the 40bn shillings compensation dispute with Alcon International. A panel of seven Supreme Court Justices led by the Chief Justice Benjamin Odoki have ruled in favor of the National Social Security Fund. The Chief Justice has allowed an appeal by the NSSF challenging a 40bn shillings award to …

UCC strong on fake phones

The national communications regulator is at cross roads over a decision on fake phones. The Uganda Communications Commission is set to meet with mobile phone operators to agree on the way forward regarding switching off of fake handsets. The UCC plans to deactivate fake phones and sim cards that have not been registered as stipulated …

Inflation rate drops

Inflation has further dropped from 5.3% in December last year to 4.9%in this month. This is according to the new inflation rates released this morning by the Uganda bureau of statistics. According to the director micro economics statistics Dr. Chris Mukiza the decline comes as a result of the decline in the prices of energy, …

Mobile money to be regulated

The Uganda Communications Commission is set to release guidelines on the management of mobile money services this year. This follows public outcry over lack of a regulatory framework under which mobile money services are carried out, creating a gap for fraud. According to the Executive Director of the Commission Godfrey Mutabazi, mobile money services are …

Experts warn on treasury raid

Economic experts are warning of a possible reversal of the inflation trend following news of government raiding the national treasury to refund stolen aid money. Uganda‚Äôs development partners including Norway, Sweden, the Republic of Ireland and Denmark last October took the decision to freeze aid transfers after a forensic audit by the Auditor General unearthed …