What next as Museveni’s cadre judges win? Kampala, Uganda | AGATHER ATUHAIRE | On Aug 18 President Yoweri Museveni appointed a new Deputy Chief Justice to replace DCJ Steven Kavuma who retires this month and elevated two other justices from Court Of Appeal to Supreme Court. The DCJ designate pending …

Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …

But it does not mean workers strike goes ahead in November. Here’s why Kampala, Uganda | JULIUS BUSINGE | Another stalemate looms over the Pension Reform Bill, which was first tabled in parliament six years ago, as National Organisation of Trade Unions (NOTU) warns of a strike and the Minister …

Analysts say the new initiative has to be all-inclusive to succeed Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority(URA) is designing a Medium Term Revenue Mobilisation Strategy (MTRS) seeking to meet the ever growing annual revenue collection targets. The MTRS’ core objective is to ensure that revenue collection matches …

Political attacks worry Museveni’s cabinet: Observers say government is to blame over the growing political intolerance Kampala, Uganda | AGATHER ATUHAIRE | Simeo Nsubuga, the Kasanda South Legislator is a short, small man with a gift of speech. This gift most likely earned him the parliamentary seat. But it appears …

Why are big guns supporting Muntu against Besigye’s Amuriat? Kampala, Uganda | AGATHER ATUHAIRE | In the race to lead Uganda’s biggest opposition party, FDC, members are seeing a side of the incumbent, Gen. Mugisha Muntu, which they have not known before.  At his nomination on Aug.14 at the party …

The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE  | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …

The company plans to introduce new products in the region Kampala, Uganda |JULIUS BUSINGE| Japan’s paint manufacturer, Kansai Plascon, has entered into the East African market through the acquisition of Sadolin Paints. Wim Bramer, the managing director of Kansai Plascon East Africa told The Independent in an interview that the …

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

 Tax experts say government needs to refocus its priorities Kampala, Uganda |  JULIUS BUSINGE  | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …