NEWS

Kampala, Uganda | THE INDEPENDENT | The FY2023/24 budget presents both challenges and opportunities but through open and constructive engagements, Ugandans can navigate through these times effectively, according to Mumba Kalifungwa, the Managing Directro for Absa Bank Uganda. Kalifungwa was speaking at a budget breakfast meeting held in Kampala on …

Kampala, Uganda | THE INDEPENDENT | The Defense has closed its submissions in the trial of Maria Nagirinya and Ronald Kitayimbwa murder case. Nagirinya a former social worker and her driver Kitayimbwa were kidnapped and killed in August 2019 in Lungujja, Rubaga Division. Their bodies were later found dumped in Mukono …

Kampala, Uganda | THE INDEPENDENT | Makerere University staff have threatened to lay down their tools over salary deductions. Through their joint staff Associations; Makerere University Academic Staff Association- MUASA and Makerere University Administrative Staff Association- MASA, the staff said that they noticed an unusual cut in salaries for last month. …

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court in Kampala has remanded Danson Nahurira a Credit Officer with Post Bank Mbarara Branch for allegedly receiving an inducement of 500,000 Shillings. Nahurira was arraigned before Court presided over by Grade One Magistrate Esther Asiimwe on Friday and charged with one count …

  Kampala, Uganda | THE INDEPENDENT | Equity bank has launched its latest credit product- Eazzy Stock financing.   Eazzy Stock is a digital credit product designed to empower businesses by providing them with the opportunity to unlock the value of their goods and access much-needed capital for growth and …

Kampala, Uganda | THE INDEPENDENT | President, Yoweri Kaguta Museveni yesterday attended the budget reading ceremony virtually, a week after declaring that he had contracted COVID-19, which triggered mixed reactions from the public. While all indicators show that the president will soon be out of isolation since health experts advise …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars …

Kampala, Uganda | THE INDEPENDENT | Reverend Canon Kezekiah Kalule, the former Archdeacon of Luteete Archdeaconry in Luwero Diocese, has been acquitted of defilement charges after a lengthy five-year trial. In 2018, Rev. Canon Kalule was arrested on charges of defiling a sixteen-year-old girl who was under his custody. He …

Kasese, Uganda | THE INDEPENDENT | Business came to a standstill in Kasese town for the better part of Thursday as thousands of people thronged Booma Grounds in Kasese Municipality to welcome the freed Rwenzururu royal guards. The two UPDF buses transporting the royal guards led by Capt. Derrick Mwesige Ayebale …