Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …

Mbarara, Uganda | THE INDEPENDENT | Mbarara police are holding a Uganda Peoples Defence Force-UPDF soldier accused of killing a boda boda rider. The suspect is Private Allan Turyasima, 25, a UPDF soldier attached to the 1st Battalion Commando Brigade in Fort Portal. The suspect was arrested on Monday morning from Ntungamo …

Vanishing mineral exports dent economic recovery Kampala, Uganda | THE INDEPENDENT | Uganda’s non-formal export sector has maintained a downward trajectory year-on-year, according to the latest July 2022 figures from Bank of Uganda (BoU). The effect has been a dent on the otherwise emerging signs of recovery in exports buoyed …

COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …

Budapest, Hungary | Xinhua | The Western countries’ sanctions against Russia have turned the “local” conflict between Russia and Ukraine into a “global economic war,” Hungary’s Prime Minister Viktor Orban said on Monday. An increasing number of countries across the world are becoming “victim” of the conflict in Ukraine, Orban said …

Kampala, Uganda | THE INDEPENDENT | The investigator in the case in which 32 supporters of the National Unity Platform are accused of being in illegal possession of explosive devices has asked the General Court Martial in Makindye to deny them bail. Investigator Elly Musinguzi (Lt) of the Special Investigations Bureau of …

Kampala, Uganda | THE INDEPENDENT | About 4.8 billion shillings has so far been collected in the ongoing operations against traffic penalty defaulters. Although the traffic police headquarters at Nateete police station have not yet divulged the total collection, a senior traffic officer has revealed that by Wednesday last week, they were …

Kampala, Uganda | THE INDEPENDENT | Opposition MPs have started holding stakeholder engagements with a view of improving a draft private Members’ Bill that seeks to amend the 2006 Copyright and Neighbouring Rights Act. The Bill is sponsored by the Shadow Minister for Culture and Performing Arts, also Mawokota North MP, Hillary …

London, UK | Xinhua | The British pound fell to a record low against the U.S. dollar on Monday as the largest tax cuts announced by the United Kingdom’s (UK) government for half a century undermined international confidence. The pound tumbled more than 4 percent to trade as low as 1.035 …

Kampala, Uganda | THE INDEPENDENT | Lawyer Male Mabirizi has filed an application in the High Court seeking orders to compel the Secretary to the Judiciary, Pius Bigirimana to publicly apologize to the Supreme Court Justice Esther Kisaakye. In an application filed in the High Court in Kampala, Mabirizi who is …