NEWS

By Julius Businge  Power distributor, Umeme Uganda Limited, in line with its dividend policy has announced an interim dividend of Shs 8 per share approved at its meeting held on Nov. 14, it said in a note released on Nov. 18. The Board of Directors of the Company resolved to …

By Julius Businge The National Social Security Fund (NSSF) has today (Nov. 13) unveiled a master plan for the construction of 2, 741 housing units in Lubowa estate, which it acquired 10 years ago. When development starts, later in 2014, it will be the first investment on the estate that …

By the independent team The signing of a peace deal between Congo and defeated M23 rebels was delayed on Monday evening after the two sides disagreed on the wording of the pact, a Ugandan minister said. “The DRC delegation has aborted the signing of agreement with M23,” said the Ugandan …

By Julius Businge This is the second straight month the Central Bank of Uganda is staying its policy interest rate, the central bank rate (CBR) unchanged at 12%, Governor Emmanuel Tumusiime Mutebile told a news conference in Kampala on Nov. 4. The policy rate stood at 11% in August before …

By Ronald Musoke Following Total E&P Uganda’s donation of an assortment of safety glasses to Owiny Primary School in Pokwero, Nebbi District on Oct.31, the pupils will be among thousands of curious Ugandans and tourists who will view the eclipse on Nov. 3. The health ministry is cautioning people who …

By Julius Businge France and the government of Uganda have signed a concessionary loan agreement totaling to about $23m to finance the construction of the Nkenda-Fort Portal-Hoima transmission line to evacuate electricity from the proposed thermal power plant at Mputa oil field in Hoima. The 220 kV line is also …

By Julius Businge On the eve of two major agriculture summits in Mauritania and Senegal, the World Bank is urging African countries and communities in the Sahel and the international development community to help protect and expand pastoralism on behalf of the more than 80 million people living in The …

By The Independent Team President Joseph Kabila announced on Wednesday that he is ready to create a unity government aimed at ending years of war in the country. Kabila made the remarks while at a public speech. “A government of national unity will be soon put in place,” he said. …

By Jimmy Siya Oluka Joseph 57 an employee of Terrain Services Ltd narrowly survived death on Friday October18 after he was hit by an over speeding Boda-boda motorcycle along Entebbe road near Mildmay Uganda which left his right leg broken. He was rushed to St. Raphael of St. Francis Hospital …

By Julius Businge President Yoweri Museveni has today commissioned the construction of the ultra modern Nakawa-Naguru satellite town with a call to the constructors to implement the project on time and expose saboteurs, according to a media release from State House dated Oct. 14. “Prove those ignoramus people and saboteurs …