SumSung SumSung SumSung
Matooke Republic
Tuesday, September 16, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Government proposes law to make Ugandans save money by force

Matooke Republic by Matooke Republic
January 25, 2017
in Featured Stories, News
Reading Time: 1 min read
Share on FacebookShare on Twitter
Hon Dr Elly Karuhanga,

Yes, it is your money and the government wants to regulate how you use it! If you were planning to celebrate the end of “Jan-worry” in style, wait a minute. The government is contemplating on the proposal by the Private Sector Foundation of Uganda (PSFU) to come up with a law that forces all Ugandan workers to save their income.



According to the chairman Uganda Chamber of Mines and Petroleum, Elly Karuhanga, the general forced income-saving law will increase domestic savings in the country.

While speaking to the Minister of Finance Hon Matia Kasaija, Karuhanga said there’s need for legislation requiring the saving’s law because it will increase domestic savings from which the country can borrow to pay debts cheaply instead of borrowing expensively from the World Bank. 

We wait to see how this goes and how it could save us from ourselves!

RELATED POSTS

Youth Minister Balaam demands arrest of Ugandan man accused of running degrading s3x-trade in Dubai

20 aspirants out of over 200 who picked presidential nomination forms have so far submitted signatures to the Electoral Commission

Source: Capital FM Uganda.



Related

Tags: Hon Elly KaruhangaHon. Matia Kasaija
ShareTweetSend
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Finance minister Kasaija snubs COSASE, summoned

by Matooke Republic
3 years ago

...

NRM MPs want Finance Minister Kasaija censured over signing controversial coffee deal

by Matooke Republic
3 years ago

...

Minister Kasaija: The creation of new cities was political and the Treasury lacks funds to develop them

by Trevor Taremwa
4 years ago

...

Who is Dr. Kimbowa, the newly appointed Chairman of NSSF Board of Directors

by Matooke Republic
4 years ago

...

Minister Kasaija to private school owners: Sell your property and pay bank loans

by William Kasoba
4 years ago

...

Next Post

David Lutalo Onsaanuula concert receives Africell cash boost

Kizza Besigye does a "Donald Trump" in court, defiance goes online

RECOMMENDED

Charles “Abbey” Mwesigwa.

Youth Minister Balaam demands arrest of Ugandan man accused of running degrading s3x-trade in Dubai

September 16, 2025
John Katumba.

20 aspirants out of over 200 who picked presidential nomination forms have so far submitted signatures to the Electoral Commission

September 16, 2025
  • 642 Followers
  • 23.9k Followers

MOST VIEWED

  • Uganda vs Senegal: CAF reduces online ticket purchases per person ahead of quarter-final clash this Saturday

    577 shares
    Share 231 Tweet 144
  • How to buy tickets for CHAN 2024 matches in Uganda

    556 shares
    Share 222 Tweet 139
  • FULL LIST: Winners and Losers in the NRM CEC Elections

    147 shares
    Share 59 Tweet 37
  • Jose Chameleone’s wife Daniella Atim files for divorce over desertion and emotional neglect; Seeks custody of five children and ownership of Sseguku matrimonial home

    86 shares
    Share 34 Tweet 22
  • UPDF Assistant Chief of Defence Intelligence found dead

    71 shares
    Share 28 Tweet 18
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.