NEWS

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (Planning),  Amos Lugoloobi has said that the ministry did not play a part in pricing the Shs732,000 new digitised number plates. Lugoloobi also revealed that the ministry did not conduct due diligence on Global …

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker, Thomas Tayebwa has urged Members of Parliament to remain calm as the government continues to engage the World Bank on funding of new projects. The World Bank Group issued  a statement on 08 August 2023 suspending new public financing to Uganda …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has lowered the Central Bank Rate (CBR) to 9.5 percent, an indicator of its intention to bring down the cost of credit, for the first time since June 2021. The rate, which the Monetary Policy Committee uses to influence interest …

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed an appeal in which YO! Uganda Limited, a Financial Technology company was seeking a temporary injunction restraining Uganda Revenue Authority from accessing,  reviewing or disclosing information contained in the electronic and manual records seized from the company premises …

Kampala, Uganda | THE INDEPENDENT | Uganda is currently experiencing lots of disruptions and crisis that call on citizens to raise and contribute to the economic empowerment of our communities and hence the nation. To make such happen, is the shift in people’s mindset towards an understanding that the community problems …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …

Lamwo, Uganda | THE INDEPENDENT | Lamwo District leaders broke ground for theconstruction of a Shillings 750 million Irrigation scheme in Madi Opei Sub-County on Monday. The Project, which is under the Development Response to Displacement Impact Project-DRDIP, being implemented by Epicenter Africa Limited, will sit on a 15-acre piece of …

Kampala, Uganda | THE INDEPENDENT | Nathan Igeme Nabeta, the Jinja East Municipality Member of Parliament has asked the Speaker of Parliament to apply the rules of the House allowing debate of the Capital Markets Authority Amendment Bill without a certificate of financial implications. The government, through the Ministry of …

Kabale, Uganda | THE INDEPENDENT | The trial of a case involving the alleged killing of an Indian businessman in Kisoro district by a police officer and five other individuals has commenced in the High Court. The case was transferred from Kisoro to Kabale on August 9, 2023, due to …

Moroto, Uganda | THE INDEPENDENT | In a significant development, warriors in the Karamoja region are gradually embracing the voluntary handover of guns, thanks to dialogues conducted by top security commanders with the warriors. At least four guns have been voluntarily handed over to security forces in the last week, …