By Julius Businge & Agencies Reports from foreign media say Brazil’s Roberto Azevêdo has emerged as the new director-general of the World Trade Organisation after seeing off Herminio Blanco of Mexico, the favoured candidate of the US and EU, according to officials familiar with the contest. Both Latin American rivals …
Read More »Red Cross seeks sh1.8bn for emergency interventions
By Julius Odeke The Uganda Red Cross Society (URCS) is seeking for shs1.8b to provide emergency assistance to people affected by floods in Kasese District. The appeal is targeting 18, 000 people (3, 000 households) in the flood affected areas. According to URCS Secretary General Michael Richard Nataka, “The funds …
Read More »Umeme, Stanbic share price up
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 …
Read More »Impossible mission
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 …
Read More »Journalists decry Museveni’s view on minimum wage
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, …
Read More »Rwanda’s international bond debut
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 …
Read More »World Bank, IMF to release report on MDGs
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 …
Read More »“Rebel MPs” cannot be expelled from parliament: Kadaga
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 …
Read More »EAC countries improve business climate-World Bank
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 …
Read More »Tororo to host Labour day celebrations
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 …
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