By Julius Businge Umeme’s share price has appreciated from Shs 314 a few weeks ago to Shs 345 today (May 6), according to official trading figures released by the Uganda Securities Exchange (USE) on May 6. The figures show that the power distributor company that listed on the USE in …

By Haggai Matsiko Sudan frustrates UPDF, America hunt for Kony As reports persist that Sudan is harboring Lord’s Resistance Army warlord Joseph Kony, the Minister of State for Foreign Affairs, Henry Oryem, has told The Independent that the UPDF is maintaining a strong force at the border with DRC to …

By Julius Odeke As the World commemorates the World Press Day Uganda’s practicing journalists have registered their dissatisfaction with President Yoweri Museveni’s comments that ‘minimum wage is not a priority for Ugandans’. They say, president Museveni is not mindful about the living conditions that journalists in Uganda are facing saying, …

By Andrew M. Mwenda Why African countries should follow the example of Rwanda, Ghana and Zambia by moving from foreign aid to bond markets Last week, the government of Rwanda issued an international 10-year bond to raise $400 million for infrastructure development. Within two days, the bond had been oversubscribed …

By Julius Businge The World Bank in partnership with the Economic Policy Research Centre (EPRC) will on May 3 give an update on the world’s progress towards achieving the Millennium Development Goals (MDGs). The event will be held at Makerere University. The report, titled Global Monitoring Report (GMR) is jointly …

By The Independent Team The Speaker of Parliament has this afternoon made a ruling on the case of the former National Resistance Movement (NRM) Members of Parliament “rebel MPs”. Speaker Rebecca Kadaga ruled that there was no legal and constitutional provision to expel the MPs from Parliament. The MPs who …

By Julius Businge A new IFC and World Bank report shows that in 2011/12 all five economies of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—implemented at least one institutional or business regulatory reform improving the business climate for local entrepreneurs. Released on May 2, Doing Business in …

By The Independent Team Celebrations to mark this year’s International Labour Day will be held in Tororo District at St Peter’s College Tororo. The Chief Guest for the function is expected to be President Yoweri Museveni. The theme for this year’s celebrations is “Skilling Ugandans for increased Labour Productivity: A …

By Julius Odeke The Japanese Government on Tuesday April 30 announced it was providing a total of US Dollars 21.2 million to four UN agencies to support their collective response to the refugee situation in South-west Uganda, as well as the critical climate-related health, nutrition, water and sanitation challenges affecting …

By Joan Akello `We will punish you’ Energy officials accused of eating bribes In the March issue of the international business magazine, Forbes, the billionaire Sudhir Ruparelia is asked in an interview what he thinks is the biggest weakness of the Uganda economy. Sudhir answers:  “The left doesn’t know what …