NEWS

By Julius Businge Umeme’s share price has appreciated from Shs 314 a few weeks ago to Shs 345 today (May 6), according to official trading figures released by the Uganda Securities Exchange (USE) on May 6. The figures show that the power distributor company that listed on the USE in …

By Julius Odeke As the World commemorates the World Press Day Uganda’s practicing journalists have registered their dissatisfaction with President Yoweri Museveni’s comments that ‘minimum wage is not a priority for Ugandans’. They say, president Museveni is not mindful about the living conditions that journalists in Uganda are facing saying, …

By Julius Businge The World Bank in partnership with the Economic Policy Research Centre (EPRC) will on May 3 give an update on the world’s progress towards achieving the Millennium Development Goals (MDGs). The event will be held at Makerere University. The report, titled Global Monitoring Report (GMR) is jointly …

By The Independent Team The Speaker of Parliament has this afternoon made a ruling on the case of the former National Resistance Movement (NRM) Members of Parliament “rebel MPs”. Speaker Rebecca Kadaga ruled that there was no legal and constitutional provision to expel the MPs from Parliament. The MPs who …

By Julius Businge A new IFC and World Bank report shows that in 2011/12 all five economies of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—implemented at least one institutional or business regulatory reform improving the business climate for local entrepreneurs. Released on May 2, Doing Business in …

By The Independent Team Celebrations to mark this year’s International Labour Day will be held in Tororo District at St Peter’s College Tororo. The Chief Guest for the function is expected to be President Yoweri Museveni. The theme for this year’s celebrations is “Skilling Ugandans for increased Labour Productivity: A …

By Julius Odeke The Japanese Government on Tuesday April 30 announced it was providing a total of US Dollars 21.2 million to four UN agencies to support their collective response to the refugee situation in South-west Uganda, as well as the critical climate-related health, nutrition, water and sanitation challenges affecting …

By The Independent Team President Kenyatta along with his deputy William Ruto today unveiled the full list of their nominees to the Cabinet. However in a move that is likely to surprise many of his supporters Mr. Ruto had earlier mentioned that there would not be any other politicians in …

By Julius Businge Dfcu bank has suspended its trading for four weeks on the Uganda Securities Exchange (USE) to pave way for Commonwealth Development Corporation (CDC) to sell part of its shares in the bank, an official note released on April 22 in a local daily news paper reads. CDC …

By Julius Businge The three East African currencies of Kenaya, Uganda and Tanzania remained steady trading a narrow range throughout the week ending March 23. “It was a sideways market for most of the trading sessions of the week with no uptrend or downtrend clearly established,” said Stephen Kaboyo a …