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The independent

New planes: Oulanyah questions competence of gov’t officials

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah has today questioned the competence of several government officials following the manner in which they handled the registration process of Uganda National Airlines Company. This was during the debate by Members of Parliament on a supplementary budget …

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MPs recommend transfer of Uganda Airlines to UDC

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …

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Kampala minister Kamya commissions garbage trucks

Kampala, Uganda | THE INDEPENDENT | Three garbage trucks have been commissioned by the Minister for Kampala and Metropolitan Affairs, Beti Kamya. Donated by the World Bank funded Lake Victoria Environment Management Project (LVEMP), the trucks were commissioned on Friday morning. The project which supports all countries that boarder Lake …

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MP jailed for failing to pay ugx 21m poll petition cost

Kampala, Uganda | THE INDEPENDENT | The Member of Parliament Upper Madi County Isaac Etuka Joakino has been jailed. Etuka was on Thursday evening sent to Luzira Prison by Court of Appeal Registrar Agnes Nkonge for failing to pay 21 Million Shillings to Arumadri John Drazu, the former MP for …

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MPs question donor funding of gov’t institutions

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Office of the Auditor General-OAG about funds from donors provided to government agencies. Led by the Auditor General John Muwanga, officials from the Office of the Auditor General on Thursday appeared before …

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BOU governor warns banks against high interest rates

Kampala, Uganda | THE INDEPENDENT | The Governor Bank of Uganda – BoU Professor Emmanuel Tumusiime-Mutebile has warned commercial banks against charging high-interest rates to loan applicants. Professor Mutebile made the remarks on Thursday during a meeting with residents of the Rwenzori region at Kalya Courts in Fort Portal. A …

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Police blocks Kaliro FDC meeting

Kampala, Uganda | THE INDEPENDENT | Police deployed heavily in Kaliro district on Thursday to block a scheduled consultative meeting by the Forum for Democratic Change-FDC party at Nawampiti landing site. Police used tear gas and live bullets to disperse the FDC supporters who had declined to vacate the landing …

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Modern monetary realism

MMT is essentially a description of how money is created and destroyed by governments and by banks Project Syndicate, 2019 | JAMES K. GALBRAITH | Is Modern Monetary Theory (MMT) a potential boon to economic policymakers, or, as Harvard’s Kenneth Rogoff recently argued, a threat to “the entire global financial system” …

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