By Julius Businge Bank of Uganda today (Dec. 3) announced a marginal fall in the central bank rate (CBR) by 50 basis points from 12% in November, 2013 to 11.5% in December. While announcing the new rate before the media, Central Bank Deputy Governor, Louis Kasekende said the reduction was …

By Julius Businge Bank of Uganda has officially announced the commencement of the East African Cross Border Payment System (EAPS) that links the real time gross settlement systems (RTGS) of the EAC member countries. Joyce Okello, the director payments and settlement at the Bank said the platform went live on …

By The Independent Team The leaders of five East African countries on Saturday afternoon signed a monetary union protocol kicking off plans to have a common currency for the block within 10 years. The move is expected to boost regional trade with in the EAC block which is expected to …

By Stephen Kafeero Impasse as Judiciary, Museveni tangle over Kampala City Lord Mayor “Effectively, he is still the Lord Mayor but I doubt that he will be able to succeed in forcing himself on the Council.” Constitutional lawyer Ladislaus Rwakafuzi’s words could prove ominous for Minister for Kampala, Frank Tumwebaze, …

By Andrew M. Mwenda Why Parliament and government should be kept out of business to allow private investors to deliver electricity Two weeks ago, an ad hoc committee of parliament recommended government cancels its contract with Umeme for the distribution of electricity in the country. The committee raises many complaints …

By The Independent Team In the Hague, the International Criminal Court (ICC) has reversed a ruling that allowed Kenyan President Uhuru Kenyatta to attend only parts of his trial in The Hague. Kenyatta’s trial begins in February and his lawyers argued that attending the trial would prevent him from governing …

By Independent Team The former chairman of the Kenya –Students Council Uganda Silas Maka Otuke has threatened to mobilize former Kenyan students in Uganda to burn education transcripts attained from Ugandan institutions if relevant authorities fail to handle well a case in which Kampala University is involved. Otuke says KU’s …

By The Independent Team The Kampala City Mayor Erias Lukwago has this morning been voted out of office. In a special council meeting that was hurriedly held at City Hall on Monday morning chaired by Frank Tumwebaze the minister of the Presidency and the Kampala Capital City Authority (KCCA), 29 …

By Haggai Matsiko Shs700 billion lies idle under new finance system Bank of Uganda’s latest figures for October show a buoyant economy with the 2012/13 growth figures revised upwards from 4.3% to 5.8%. However, the same figures show contractions from August in the agricultural and manufacturing indices. Anecdotal evidence from …

By Andrew M. Mwenda The mayor has consistently opposed and obstructed every effort to reform the city and thereby rendered himself irrelevant Finally, the NRM has found a way to get rid of Kampala Mayor Erias Lukwago, a man who has been a thorn in their feet. A commission of …