Fossil fuel lobby want bank to serve as catalyst for Africa-directed investments Kampala, Uganda | RONALD MUSOKE | On May 16, the African Export-Import Bank (Afreximbank) signed a memorandum of understanding with the African Petroleum Producers Organization (APPO) in a move that seeks to create a multi-billion dollar energy bank …
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Kampala, Uganda | THE INDEPENDENT | Uganda acted prudently by going slow on the Standard Gauge Railway (SGR) project which meant delays in borrowing at least USD 2.3 billion or more than Shillings 8trillion, according to experts. This is the estimated cost for only the Malaba-Kampala stretch, but the whole project connecting …
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Uganda private sector to hold first business summit in Democratic Republic of Congo | THE INDEPENDENT | Private Sector Foundation Uganda representing private sector business associations in partnership with Government of Uganda will hold the first ever Uganda- DR Congo Business Summit between May 31 and June 8 in Kinshasa …
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This is good news but finance minister Matia Kasaija wants more Ugandans to save | THE INDEPENDENT | There is good news from the Capital Markets Authority (CMA) of a big milestone amounting to slightly over Shs1.1trillion attained as Assets Under Management by licensed Collective Investment Scheme (CIS) managers, representing …
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Court throws all costs on lawyer Fred Muwema for misleading client Kampala, Uganda | THE INDEPENDENT | The Commercial Division of the High Court in Kampala has dismissed an application by Ugandan businessman Patrick Bitature and Simba properties Co. Ltd, Simba telecom, Linda properties and Elgon Terrace seeking a temporary injunction against Vantage …
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Masindi, Uganda | THE INDEPENDENT | Absa Bank Uganda has committed to donate IT equipment worth sh131 million to the Uganda Police Training School at Kabalye, Masindi. The donation will include 10 laptops, 60 desktops, a projector and internet connection for the school’s resource center The announcement was made by …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said Uganda cannot take the risk of cutting subsidies and removing taxes from imported products. “That would be definite suicide. It will deplete both family savings and National Reserves, leading to the inability to pay for imports,” he said in …
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Hoima, Uganda | THE INDEPENDENT | Kabaale International Airport in Hoima, Uganda’s second international airport now under construction is due for completion nine months from now, according to the contractors. The immediate objective of the airport, 200 kilometers by air from Entebbe International Airport and 33 kilometers by road from …
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Masaka, Uganda | THE INDEPENDENT | A prominent businessman in Masaka City, Atanansi Bazzeketta is dead. Bazzeketta, the proprietor of Maria Flo Hotel, one of the traditional hotels Masaka town and the sub region was found dead in one of his hotels. Bazzeketta’s body was discovered on Saturday morning in …
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Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards-UNBS has cautioned the public against deceptive traders who are taking advantage of the unstable commodity prices to fleece them. UNBS is concerned that many consumers are already falling victims to unscrupulous traders who are taking advantage of rising …
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The Independent Uganda: You get the Truth we Pay the Price