Twenty years ago, communication between persons across distances and services like sending money had a heavy reliance on physical channels, such as landlines, the post office and public service vehicles.
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After showing resilience during the COVID-19 pandemic and in the face of rising geopolitical tensions, Africa’s growth is expected to accelerate further in the near term.
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NSSF managing director Richard Byarugaba said that whereas all other clauses in the NSSF bill should take immediate effect, the clause that provides for mid term access should not be implemented because there is no money to pay all members at once.
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Business sentiment in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI).
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The response has been overwhelming from the public since MTN Uganda, the largest telecom operator agreed to float 20% shares on the securities exchange.
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Outlook suggest that shilling slide will likely ease as mid month corporate taxes take center stage.
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Mutebile noted that trading in the secondary market has remained persistently low. For instance, In FY 2019/20, the turnover in the secondary market was recorded at 41% of the total outstanding stock of government securities.
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