NEWS

Kampala, Uganda | THE INDEPENDENT | The Governor of Uganda’s Central Bank Emmanuel Tumusiime Mutebile has insisted that he was right to close seven commercial banks between 1993 and 2017. Mutebile made the remarks on Thursday as he gave his closing remarks on the ongoing probe by parliament’s Committee on Commission’s …

Kampala, Uganda | THE INDEPENDENT | The former Central Bank Executive Director Supervision, Justine Bagyenda has been granted access to her passports to enable her travel for Christmas Holidays. COSASE Chairperson Abdu Katuntu, however, told Bagyenda that the committee will resume work on 8th January 2019 and that she will be …

Mutukula, Tanzania | THE INDEPENDENT | The Tanzania government has agreed to give clearance to businessmen exporting agricultural produce and sugar from Uganda. The agreement was reached on Wednesday in a meeting between the Minister of Trade for Uganda Amelia Kyambadde and Joseph G. Kahinda, the Minister for Industry, Trade …

Kampala, Uganda | THE INDEPENDENT | Parliament has granted more time to the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to conclude the probe into closure and sale of seven Ugandan commercial banks. The two and half year term of the current committee led by Bugweri County MP Abdu …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed the Auditor General to carry out an audit into the sh478 billion injected into Crane Bank Limited by the Central Bank. The money was injected into the defunct Bank by the Central Bank …

Kampala, Uganda | THE INDEPENDENT | The International Crimes Division of High Court has set January 11th, 2019 to confirm the charges against Jamil Mukulu, the jailed Commander of the rebel Allied Democratic Forces. Mukulu and 37 others are currently facing several charges related to crimes against humanity, war crimes and …

Kampala, Uganda | THE INDEPENDENT | Music promoters and events managers have petitioned the Speaker of Parliament, Rebecca Kadaga to intervene in the suspended music concerts of Bobi Wine. The petitioners say they have incurred huge losses for failing to host concerts involving the Kyadondo East MP and artist, Robert Kyagulanyi …

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is in the final stages of farming down its stakes in the Lake Albert Graben to its joint venture partners Total and China National Offshore Oil Company (CNOOC). Tullow, Total and CNOOC hold equal stakes of 33.3 percent in the Lake Albert Basin …

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police Martins Okoth Ochola has transferred 12 senior police officers. In a message released on Thursday and signed by the Director Human Resource Administration Hajji Moses Balimwoyo, Moses Muluya who has been the commissioner Human Resource Management has been appointed the …

Kampala, Uganda | THE INDEPENDENT | Lorna Magara has been elected the new chairperson Makerere University Council. She becomes the first woman to hold the post, and replaces Dr Charles Wana-Etyem whose term expired on Wednesday. Magara obtained 11 votes out of 17 against former Internal Affairs Permanent Secretary, Stephen Kagoda. …