By Julius Businge Bank of Uganda today (Dec. 3) announced a marginal fall in the central bank rate (CBR) by 50 basis points from 12% in November, 2013 to 11.5% in December. While announcing the new rate before the media, Central Bank Deputy Governor, Louis Kasekende said the reduction was …
Read More »EAC Central Banks unveil Cross-border Payment System
By Julius Businge Bank of Uganda has officially announced the commencement of the East African Cross Border Payment System (EAPS) that links the real time gross settlement systems (RTGS) of the EAC member countries. Joyce Okello, the director payments and settlement at the Bank said the platform went live on …
Read More »EAC leaders sign monetary union deal
By The Independent Team The leaders of five East African countries on Saturday afternoon signed a monetary union protocol kicking off plans to have a common currency for the block within 10 years. The move is expected to boost regional trade with in the EAC block which is expected to …
Read More »Lukwago war
By Stephen Kafeero Impasse as Judiciary, Museveni tangle over Kampala City Lord Mayor “Effectively, he is still the Lord Mayor but I doubt that he will be able to succeed in forcing himself on the Council.” Constitutional lawyer Ladislaus Rwakafuzi’s words could prove ominous for Minister for Kampala, Frank Tumwebaze, …
Read More »Kony surrender
By Haggai Matsiko Could he be conning the world again? Recent claims that rebel war-leader Joseph Kony is in surrender talks with his handlers in the Central African Republic (CAR) have sparked optimism, pessimism, and deja vu. The claims erupted after CAR’s interim-President, Michel Djotodia, announced that Kony, who has …
Read More »Number of adolescents with HIV jumps by one-third: UN
By Agencies WHO released its first adolescent-specific care guidelines ahead of World AIDS Day on Dec. 1 The number of adolescents infected by the HIV virus has jumped by one third over the past decade, the UN’s health agency said Monday, blaming gaps in care programmes. “More than 2 million …
Read More »Watching sport can make you fitter – study
Watching sport can make you fitter, according to research that said viewing other people exercise increases heart rate and other physiological measures as if you were working out yourself. The study, published in the international journal Frontiers in Autonomic Neuroscience, showed that when watching a first person video of someone …
Read More »Act on health, education challenges – World Bank
By Julius Businge A new survey released by the World Bank and other partners- Uganda Service Delivery Indicators (SDI) indicates that Uganda is still failing to achieve optimal performance in schools and health centres. The Independent’s Julius Businge interviewed Ritva Reinikka, the World Bank’s director for Human Resource Development for …
Read More »Between Umeme and Parliament
By Andrew M. Mwenda Why Parliament and government should be kept out of business to allow private investors to deliver electricity Two weeks ago, an ad hoc committee of parliament recommended government cancels its contract with Umeme for the distribution of electricity in the country. The committee raises many complaints …
Read More »The Game of Life
By Darius Mans How Africare, ExxonMobil and the NBA are using sports to empower African youth for success in life Growing up in Detroit, Michigan, I was fairly sure I’d never make it as a basketball star. I played for my high school team, but most of the time my …
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