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BOU urges bank customers ‘to make noise when you lose money’

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has backed customers who have recently taken to the public to voice their concerns after finding money missing from their bank accounts. This, the regulator says, compels the responsible financial institution to act swiftly to address the matter. BOU head of …

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Life in prison for Nagirinya murderers

Kampala, Uganda | THE INDEPENDENT |  The key suspect in the Maria Nagirinya and Ronald Kitayimbwa murder, Compoliyamu Kasolo was on Thursday sentenced to life in prison. The High Court, Isaac Muwata found Compoliyamu Kasolo guilty of committing six offenses. Comporiyamu Kasolo who opted to defend himself when asked to …

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Savers want NSSF to invest in Western region

Kampala, Uganda | THE INDEPENDENT |  Savers in the National Social Security Fund (NSSF) from the western region want the Fund to start making investments in their part of the country. During a regional employer meeting at Hotel Triangle in Mbarara City on Tuesday, savers said that the fund has …

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Famous Malaba fish market near DRC border reopens

Maracha, Uganda | THE INDEPENDENT |  Malaba Fish and Livestock border market in Maracha district has reopened more than two years after it was abandoned by vendors. In March 2021, vendors abandoned the market and fled to the neighboring open market across the border on the DRC side after they …

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CID concerned over increased murders in homes

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) has raised concern over the rampant killings resulting from domestic violence. CID has indicated that there have been a spate in incidents where children are killing their parents, and spouses killing each other. CID cases indicate that the most …

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Nine linked to ADF, committed to High Court for trial over terrorism

Kampala, Uganda | THE INDEPENDENT |  The Buganda Road Chief Magistrates Court has committed nine suspects to the High Court to face trial on terrorism charges. The suspects are Moses Katende, Abdul Latif, Adam Goloba, Pyzo Musana, Aida Nakamatte, Rahma Namuganza, Rahuma Namara, Hafuswa Namwase, and one  Kabwiso. They reportedly …

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UBA: No more fines for repaying a bank loan early

Kampala, Uganda | THE INDEPENDENT | Commercial bank customers can now opt to pay their outstanding loan balances earlier than scheduled, without fear of being charged for the early clearance. This follows the decision made by the Regulated Financial Institutions under the Uganda Bankers Association (UBA) last month and communicated …

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