Nigeria’s President Bola Tinubu set the tone for the country’s energy future by signing the electricity bill into law shortly after taking office. His actions could signal a new path for Nigeria. SPECIAL FEATURE | BIRD AGENCY | Nigeria’s new energy bill, which updates the Electric Power Sector Reform Act …
Read More »Equity Bank launches Eazzy Stock financing
Kampala, Uganda | THE INDEPENDENT | Equity bank has launched its latest credit product- Eazzy Stock financing. Eazzy Stock is a digital credit product designed to empower businesses by providing them with the opportunity to unlock the value of their goods and access much-needed capital for growth and …
Read More »Kiplimo second after photo-finish in Oslo
Oslo, Norway | THE INDEPENDENT | Ugandan long-distance runner Jacob Kiplimo came second at the Oslo Diamond League on Thursday. The 2023 World Cross Country reigning Champion finished the race in a time of 12:41.73 microseconds. Kiplimo was narrowly outpaced by Ethiopia’s Yomiv Kajelcha, who crossed the finishing line in …
Read More »Museveni COVID-19 infection raises several questions
Kampala, Uganda | THE INDEPENDENT | President, Yoweri Kaguta Museveni yesterday attended the budget reading ceremony virtually, a week after declaring that he had contracted COVID-19, which triggered mixed reactions from the public. While all indicators show that the president will soon be out of isolation since health experts advise …
Read More »UGANDA BUDGET: President takes over final approval of loans to limit debt
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …
Read More »Kasaija to limit domestic borrowing as Uganda’s public debt soars
Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars …
Read More »Reverend acquitted of defilement charges after five years
Kampala, Uganda | THE INDEPENDENT | Reverend Canon Kezekiah Kalule, the former Archdeacon of Luteete Archdeaconry in Luwero Diocese, has been acquitted of defilement charges after a lengthy five-year trial. In 2018, Rev. Canon Kalule was arrested on charges of defiling a sixteen-year-old girl who was under his custody. He …
Read More »IAEA chief starts delayed visit to Zaporizhzhia nuclear plant
Kiev, Ukraine | Xinhua | International Atomic Energy Agency (IAEA) Director-General Rafael Grossi arrived at the Zaporizhzhia nuclear power plant (ZNPP) on Thursday, Ukraine’s state-run nuclear energy operator Energoatom said in a Telegram post. Grossi’s visit, initially scheduled to begin on Wednesday, was delayed for security reasons, according to Ukraine’s …
Read More »Kasese paralyzed as freed Rwenzururu Royal Guards return home
Kasese, Uganda | THE INDEPENDENT | Business came to a standstill in Kasese town for the better part of Thursday as thousands of people thronged Booma Grounds in Kasese Municipality to welcome the freed Rwenzururu royal guards. The two UPDF buses transporting the royal guards led by Capt. Derrick Mwesige Ayebale …
Read More »Subaru driver who attempted to knock Traffic Police Officer remanded
Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded Isaac Mukwaya to Luzira prison on charges of careless driving. Mukwaya, a psychologist and resident of Mutungo in Nakawa Division was on Thursday arraigned before the Court presided over by the Chief Magistrate Ronald Kayizzi and …
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