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The Independent

MPs demand audit into sh478bn injected into Crane Bank

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed the Auditor General to carry out an audit into the sh478 billion injected into Crane Bank Limited by the Central Bank. The money was injected into the defunct Bank by the Central Bank …

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France boosts pay for police in wake of ‘yellow vest’ protests

Paris, France | AFP | The French government will give police officers a long-sought raise after a strike called in the wake of the “yellow vest” anti-government protests, which have strained security forces already on high alert after years of jihadist terror attacks. The accord was announced just before midnight …

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N. Korea says denuclearisation depends on removal of US threat

Seoul, South Korea | AFP | North Korea said Thursday its commitment to denuclearisation of the Korean peninsula was bound up with a “complete removal of US nuclear threats”. Following a rapid diplomatic rapprochement this year, the North’s leader Kim Jong Un and President Donald Trump signed a vaguely-worded statement …

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Tullow selling shares to Total, CNOOC again

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is in the final stages of farming down its stakes in the Lake Albert Graben to its joint venture partners Total and China National Offshore Oil Company (CNOOC). Tullow, Total and CNOOC hold equal stakes of 33.3 percent in the Lake Albert Basin …

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Putin says wants to push Russia into top five economies

Moscow, Russia | AFP | Russian President Vladimir Putin said Thursday that he wants to see his country’s economy in the world’s top five. “The main thing is that we need to get into a new league economically,” Putin told his annual press conference, adding: “We could very well take …

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Gov’t revises Oil volumes to six billion barrels

Kampala, Uganda | THE INDEPENDENT | The amount of crude oil so far discovered is six billion barrels, down from 6.5 billion barrels, the Uganda government has announced. Of the six billion barrels, the amount recoverable has also been put at 1.4 billion barrels, down from the initial range of between …

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Trump stuns allies by ordering US troops home from Syria

Washington, United States | AFP | US allies were stunned Thursday after President Donald Trump declared victory over the Islamic State group in Syria and abruptly ordered the withdrawal of US ground troops from the country. The decision runs counter to long-established US policy for Syria and the region. It …

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