Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …

Kampala, Uganda | THE INDEPENDENT | The government has appointed a new board of directors for the Uganda Air Cargo Corporation. The State Minister of ICT and National Guidance, Godfrey Kabbyanga, said the cabinet had approved Capt Gad Gasatura as the new board chairperson. Others are Lt Gen Charles Okidi, the …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among, granted legislators a two-week recess to conduct oversight into the operation of the Parish Development Model. In a letter addressed to the MPs, the Speaker said that in May 2022, Parliament appropriated Shs1.49 trillion to the Parish Development Model …

Kampala, Uganda | THE INDEPENDENT | A total of 10,000 youth in 10 higher education institutions will be enrolled in a digital coaching and mentorship programme called Boundless Minds in partnership with Coca-Cola Beverages Uganda (CCBU). The project will intensively mentor 100 students from different institutions who will be recruited as …

Kampala, Uganda | THE INDEPENDENT | Staff of Uganda Development Bank graduated in transformative leadership from the National Leadership Institute (NALI) – Kyankwanzi on Jan.31, the lender said in a media release. The two weeks leadership training was aimed at facilitating and developing quality leaders who would stimulate Uganda’s socio-economic transformation …

Kampala, Uganda | THE INDEPENDENT | Experts said it is appalling that Ugandans have ignored the power of using mobile phones to be able to make money online. Speaking during a workshop by players in the creative sector including artists, poets, writers, filmmakers, photographers and fashion designers among others, Aidah Agwang, …

Kampala, Uganda | THE INDEPENDENT | The Minister for ICT, Dr Chris Baryomunsi said Uganda will hope to tap into Japan’s aged population in a bid to create jobs for her youthful population. “Japan and other developed countries have an ageing population and yet they have factories and other jobs that …

Kampala, Uganda | THE INDEPENDENT | State Minister for Lands, Persis Namuganza ran to the Civil Division of the High Court in Kampala to challenge her recent censure by Parliament. In the suit, Namuganza, who is also the Bukono County legislator listed the Attorney General as the respondent and accused parliament …

Used as cannon fodder by Russia Wagner mercenaries COVER STORY | AGENCIES | Hundreds wailed as the body of a 33-year-old Tanzanian man, Nemes Tarimo, who was killed fighting in Ukraine as part of Russian President Vladimir Putin’s `Shadow Army’; the Wagner Group mercenaries, was on Jan. 24 returned home for …

The tax authority collected Shs11.6tn in the six months, recording a Shs95bn shortfall   Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority collected Shs11.6trillion against the target of Shs11.7tn for the first six months of the financial year 2022/23 – representing 46.4% of the annual target. URA’s Commissioner General John Rujoki …