Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion, ahead of tourism or coffee earnings in the economy. However, this remains low according to the country’s estimated potential, and the banking industry says the value of diaspora remittances …
Read More »KCCA signs sh1 trillion road construction deal with UK’s COLAS
Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority (KCCA) has signed an agreement with British company COLAS to construct and upgrade 118 roads in Kampala. The agreement is for the implementation of the Kampala City Roads and Bridges Upgrading Project funded by the United Kingdom Export Finance. …
Read More »Makerere Endowment Fund gets sh.4Bn boost for August run
Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has announced a sh1.45 billion sponsorship package for Makerere University’s MakRun, which is scheduled for August 17. Vice Chancellor Professor Barnabas Nawangwe welcomed NCBA Bank’s “generous gift,” noting that this year’s MakRun will be “bigger, better, and more fun” than ever. …
Read More »Mobile money robbery foiled, one suspected robber shot dead in Kitintale
Kampala, Uganda | THE INDEPENDENT | One person has been shot dead and another arrested in a foiled robbery of mobile money agents in Kitintale. Kampala Metropolitan Police Spokesperson Patrick Onyango says that the armed thugs raided mobile money agents Ibrahim Ssebanenya and Rashid Kyeyune in Kitintale trading center, stealing …
Read More »FY2024: dfcu declares record dividend
dfcu FY2024 Highlights: 151% growth in profit after tax to UGX 72.1 billion 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors Kampala, Uganda | THE INDEPENDENT | In recognition of its strong financial …
Read More »UPDF dispatches team to probe military helicopter crash in Somalia
KAMPALA, UGANDA | Xinhua | Uganda’s military has dispatched a team to investigate the deadly helicopter crash that killed five peacekeepers and injured six others in the Somali capital of Mogadishu, a spokesperson said on Thursday. Felix Kulayigye, Uganda’s military spokesperson, told Xinhua by telephone that the team will investigate …
Read More »Uganda reopens border posts with eastern DRC
KAMPALA, UGANDA | Xinhua & URN | Uganda has reopened border posts with the Democratic Republic of Congo in areas under the control of the March 23 Movement (M23) rebels. Felix Kulayigye, Uganda’s military spokesperson, told Xinhua by telephone that President Yoweri Museveni on Wednesday ordered the reopening of the …
Read More »Coca-Cola Beverages and Joe Walker unite to drive road safety through community action
Kampala, Uganda | THE INDEPENDENT | Boda boda riders – one of the most vulnerable groups on Uganda’s roads – were the focus of a road safety campaign supported by Coca-Cola Beverages Uganda (CCBU), which took place on July 5. CCBU, a company in the Coca-Cola Beverages Africa Group, served …
Read More »UN Women, AU, launch African Girls Can Code Initiative in Fort Portal
Kampala, Uganda | THE INDEPENDENT | UN Women, in partnership with the Government of Uganda and the African Union Commission, has launched the third phase of the African Girls Can Code Initiative (AGCCI) at Mountains of the Moon University in the Mid- Western Region of Uganda. The week-long coding camp, …
Read More »NCBA launches inaugural parent & child golf tournament at Uganda Golf Club
Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda hosted its inaugural Parent and Child Golf Tournament at the Uganda Golf Club last weekend, bringing together parents and their aspiring young golfers for a memorable fun day filled with friendly competition, skill-sharing, and quality family bonding on the greens. The …
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