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The Independent

Government acquires 49% stake in Igongo Cultural Centre

Kampala, Uganda | THE INDEPENDENT | The government finally acquired a 49 per cent share in Igongo Cultural Centre and Country Hotel located in Mbarara. The move follows the conclusion of the share acquisition deal last month. Igongo Cultural Centre located at Biharwe along the Mbarara-Masaka highway has emerged as a …

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MPs tour Entebbe Airport expansion construction works

Kampala, Uganda | THE INDEPENDENT | On Tuesday, Members of the Parliament on National Economy inspected Entebbe International Airport to assess the actual progress of the ongoing construction works meant to expand the airport. The committee’s mandate to assess the performance of all loans and grants in Uganda comes after Uganda …

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PostBank records Shs15.1bn profit after tax

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

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dfcu appoints Charles Mudiwa as new CEO

Kampala, Uganda | THE INDEPENDENT | dfcu Bank Limited has announced the appointment of Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank announced on April 6 through the media. Mudiwa brings on board over 26 years of experience in Banking, with strong business …

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East African business expo pushed to May

Kampala, Uganda | THE INDEPENDENT | Organisers announced that the East African business expo has now been pushed to May 4 to 7, 2023. The organisers also noted that the expo which was to be held at Kololo Independence grounds has been moved to KCCA Lugogo grounds. “We understand that many …

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UDB launches shs50bn climate finance facility

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …

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IGP Ochola reshuffles 69 officers in latest changes in police

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police, John Martins Okoth Ochola made new changes and appointments affecting 69 police officers. In fresh deployments, transfers and appointments involving gazetted officers between the rank of Commissioner of Police (CP) and Assistant Superintendent of Police (ASP), CP Polly Namaye who …

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