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The Independent

Shoprite exit: Can foreign retailers survive in Uganda?

Kampala, Uganda | THE INDEPENDENT | The confirmation on Monday by the South African based retailer Shoprite, that it was quitting Uganda and Madagascar, raises more questions about the ability of Uganda’s economy to sustain a global investor. The management of the Johannesburg listed retailer, said it was refocusing its resources …

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Republic of Congo to assume OPEC rotating presidency in 2022

Brazzaville, Congo | Xinhua | The Republic of the Congo will succeed Angola as OPEC’s rotating president in 2022, said Mohammed Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) on Monday. “Congo will take over the presidency of OPEC in 2022,” he said after an exchange with Congolese …

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No dividends for shareholders as Umeme concession uncertainty persists

Kampala, Uganda | THE INDEPENDENT | Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last one year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the delayed government …

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U.S. engages with Taliban daily as Aug. 31 deadline approaches

Washington, U.S. | Xinhua | U.S. National Security Adviser Jake Sullivan said on Monday that the United States is engaging with the Taliban on a daily basis as the ongoing Afghan evacuation faces the Aug. 31 deadline. President Joe Biden on Monday left open the possibility of extending the ongoing evacuation …

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Unknown assailants kill catechist in Lwengo

Lwengo, Uganda | THE INDEPENDENT | Lwengo police are investigating the gruesome killing of a 60 year old catechist. Richard Mbaziira, a resident of Kyaboggo village, Nkoni parish, Kkingo sub-county was alone at home when unknown assailants killed him on Sunday night but his body was found lying behind his house, …

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UBTEB has Shs13.1 billion funding gap – Oyesigye

  Kampala, Uganda | THE INDEPENDENT | The Uganda Business and Technical Education Board (UBTEB), has reported a budget deficit due to government failure to fully finance their 2021/2022 Financial year budget. While briefing the Parliamentary Committee on Education and Sports about the board challenges, the UBTEB Executive Secretary Onesmus Oyesigye, …

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Rubanda deputy speaker arrested in Emyooga scandal

Rubanda, Uganda | THE INDEPENDENT | The deputy speaker of Rubanda district, Pierre Mbabazi Nyetegyereize and two others are in trouble for alleged mismanagement of funds meant for the Kabale Journalists Emyooga Sacco. Mbabazi, who doubles as the Hamurwa sub county LC V councilor was arrested on Monday for fraudulently acquiring …

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