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The Independent

U.S. dollar advances amid rising safe haven demand

New York, U.S. | Xinhua | The U.S. dollar gained ground in late trading on Monday amid heightened demand for safe haven. The dollar index, which measures the greenback against six major peers, grew 0.28 percent to 95.9100. “The U.S. Dollar is stronger this morning as markets tumble ahead of a …

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Economists call for budget re-prioritisation

Kampala, Uganda | THE INDEPENDENT | The Economic Policy Research Center (EPRC) says the Covid-19 pandemic caused a drop in revenues, economic shutdown and new expenditure pressures which now calls for re-prioritization of national resources. According to Paul Lakuma, the Head of the Macro-Economic Unit at EPRC, a medium plan in reallocating …

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Auditor General on spot over classified expenditure audit

Kampala, Uganda | THE INDEPENDENT | The Finance Committee has pinned the Office of the Auditor General (OAG) over unaudited accounts of classified expenditures, amounting Shs6.8 trillion. Lawmakers who were receiving the 2022/2023 budget of the OAG from the Auditor General, John Muwanga on Monday, also accused the audit body of …

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UPDF instructor, armory guard in custody over aggravated robbery

Jinja, Uganda | THE INDEPENDENT | Lance corporal John Anthony Nabinoli, a weapons instructor at the Jinja city-based Gaddafi barracks, and private Patrick Amandwa, a guard of the armory are in trouble for allegedly leading a racket of armed robberies within Kiira police region. The suspects were arrested while buying a vehicle …

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Budget Committee questions role of EAC Ministry

Kampala, Uganda | THE INDEPENDENT | Members of the Budget Committee have questioned the role of the Ministry of East African Community Affairs over its reported failure to engage the East African Community Membership on trade barriers. The East African Community Affairs Committee chaired by Noeline Kisembo Basemera was on Monday, 24 …

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Who will replace Mutebile?

Kampala, Uganda | THE INDEPENDENT | There is no doubt that the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this, his replacement is poised to raise interest and excitement …

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UN chief urges Burkinabes to exercise restraint after coup

United Nations | Xinhua | United Nations Secretary-General Antonio Guterres on Monday called on all actors in Burkina Faso to exercise restraint and opt for dialogue after the country’s army deposed the president in West Africa’s latest coup. The UN chief “strongly condemns any attempt to take over a government by …

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UPDF contingent in Somalia not paid allowances for 10 months

Kampala, Uganda | THE INDEPENDENT | Uganda Peoples Defence Forces troops serving under the African Union Mission in Somalia have not received allowances for the last 10 months. The matter came up during a meeting between a team from the Defence Committee of Parliament and the Ministry of Defence and Veteran …

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