So why are Ugandans the most angry? COVER STORY | THE INDEPENDENT | When Ugandans are asked to evaluate their life based on quality of life, happiness, and fulfillment on a ladder with steps numbered from 0 (the worst possible life) to 10 (the best possible life), the average rank …
Read More »Assistant DPP found dead at home
Kampala, Uganda | THE INDEPENDENT | Police in Kasangati Division are investigating the sudden death of Fatumah Bbuye Nabiwemba, an Assistant Director of Public Prosecutions. Nabiwemba was found dead in her home in Wampeewo, Kasangati Town Council, Wakiso District. According to Kampala Metropolitan Police Deputy Spokesperson Luke Owoyesigyire, the incident …
Read More »Bankers seek options to overcome high transfer costs of remittances
Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion, ahead of tourism or coffee earnings in the economy. However, this remains low according to the country’s estimated potential, and the banking industry says the value of diaspora remittances …
Read More »KCCA signs sh1 trillion road construction deal with UK’s COLAS
Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority (KCCA) has signed an agreement with British company COLAS to construct and upgrade 118 roads in Kampala. The agreement is for the implementation of the Kampala City Roads and Bridges Upgrading Project funded by the United Kingdom Export Finance. …
Read More »Makerere Endowment Fund gets sh.4Bn boost for August run
Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has announced a sh1.45 billion sponsorship package for Makerere University’s MakRun, which is scheduled for August 17. Vice Chancellor Professor Barnabas Nawangwe welcomed NCBA Bank’s “generous gift,” noting that this year’s MakRun will be “bigger, better, and more fun” than ever. …
Read More »Mobile money robbery foiled, one suspected robber shot dead in Kitintale
Kampala, Uganda | THE INDEPENDENT | One person has been shot dead and another arrested in a foiled robbery of mobile money agents in Kitintale. Kampala Metropolitan Police Spokesperson Patrick Onyango says that the armed thugs raided mobile money agents Ibrahim Ssebanenya and Rashid Kyeyune in Kitintale trading center, stealing …
Read More »Zelensky seeks stronger sanctions, Marshall Plan-style aid for Ukraine in Rome
ROME | Xinhua | Visiting Ukrainian President Volodymyr Zelensky on Thursday called on the international community to impose tougher sanctions on Russia and increase support for Ukraine’s post-conflict reconstruction. Speaking at the Ukraine Recovery Conference in Rome, Zelensky emphasized the need for enhanced air defense capabilities to counter Russia’s attacks. …
Read More »FY2024: dfcu declares record dividend
dfcu FY2024 Highlights: 151% growth in profit after tax to UGX 72.1 billion 9% growth in Total Assets, reflecting strong performance and strategic growth initiatives Improved asset quality and capital adequacy, ensuring continued support for Uganda’s key economic sectors Kampala, Uganda | THE INDEPENDENT | In recognition of its strong financial …
Read More »SUGAR MAFIA: Taste or test for corporate regulation in Africa
SPECIAL FEATURE | THE INDEPENDENT & AGENCIES | When Tongaat Hulett began its journey in Southern Africa, the global sugar industry was shedding off its reliance on slavery, especially in the West Indies and America after its civil war. Government control, for a product that was as important as oil and critical …
Read More »Glitz and music as Absa Business Club relaunched
Kampala, Uganda | THE INDEPENDENT | Lively social interactions and laughter, accompanied by cocktails and entertainment from the Sheraton’s Xavieliee Band capped a day that saw Absa Bank Uganda relaunch the Absa Business Club. “This club is more than banking. It’s a growth engine and a community designed to …
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