By Joe Powell On Saturday evening at the Serena the UPC stalwarts turned out in their droves, resplendent in bright red ties, shirts and kitenges, often accessorised with Obote pin badges. Alongside the UPC supporters were prominent members of other opposition parties, including Prof. Latigo, Jack Sabiti, Ken Lukyamuzi, Akbar …
Read More »Otunnu comes with message of opposition unity
By Bob Roberts Katende Asubo Macorious, is a strong Uganda Peoples Congress supporter. He left his home area, Arua on Friday at 9:30pm destined for Kampala then to Entebbe Airport; to welcome a person, not personally know to him, but one he believes has the ability to bring the change …
Read More »MTN’s AA Fitch rating affirmed
By The Independent Team FITCH ratings have affirmed MTN Group Limited’s National Long-term ratings at AA, with Stable Outlook. The rating agency said the affirmation reflects strong subscriber growth in MTN’s markets that have relatively low mobile penetration. The Stable Outlook reflects Fitch’s view that MTN’s business profile remains well …
Read More »Stanbic Bank bond gets low subscription amid tight liquidity
By Joseph Were Stanbic Bank Uganda is learning the hard way that this is not a good time to attempt to raise funds on the equity market thanks to lingering after shocks of the global financial crisis. Its 7-year Shs 30 billion bond that was privately placed among institutions and …
Read More »Stanbic Bank Africa unit gets new boss
By Mmegi Online Stanbic Bank Botswana’s Head of Corporate Banking, Jessica Gadimang, has been appointed the new Non-Bank Financial Institutions Sector Head for Stanbic Africa concentrating on franchises outside South Africa. The appointment is effective July 1. According to a statement, the move is in line with Stanbic Bank’s active …
Read More »Kampala city’s first modern market ready
By Patrick Kagenda Construction of Ovino Market is over and the market is ready for occupancy. The Independent’s Patrick Kagenda talked to Miraj Barot the head of marketing at the Tirupati Group which is behind the Ovino dream. Now that construction of the market is complete what is next? …
Read More »Air Uganda flies high on code sharing deals
By Patrick Kagenda Passenger sharing agreements allow it to fly EU destined travellers through Entebbe Air Uganda seems determined to end the jinx that has afflicted Entebbe based national flag carriers since Uganda Airlines collapsed in 2001. Its successor, East African Airways, was launched in December 2002 but collapsed soon …
Read More »Otunnu is not automatic IPC joint presidential candidate for 2011
By Bob Roberts Katende Conservative Party president Ken Lukyamuzi is the current head of the opposition Inter-Party Cooperation. Bob Roberts Katende spoke to him about its recent retreat in Jinja. What’s your take on the appointment of Electoral Commissioners against the interparty cooperation’s call to have an input in composition …
Read More »Kagame is Rwanda’s Gramci
By The Independent Team What better way to appreciate President Kagame for his new role as Rwanda’s Antonio Gramci. Antonio coined the term organic intellectual to refer to a people who realise they have a problem and fight to overcome them. He further argued that solutions to problems lie within …
Read More »Eight hours in congo
By Molly Lister Fighting the stereotype, two wazungu experience the lesser-known side of Goma. It was around 11am on August 5 when a friend and I crossed the border into the eastern Democratic Republic of Congo city of Goma from Rwanda. It was the start of roughly eight hours that …
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