The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings. The first supplementary is to finance a classified budget …
Read More »Kyambogo hostel owners oppose university accommodation fees guidelines
Kampala, Uganda | THE INDEPENDENT | Hostel Owners around Kyambogo University have opposed the University demand of carrying forward hostel fees of Semester two to cater for the remaining period on re-opening this week. According to Elli Katunguka the Vice Chancellor Kyambogo University, the management negotiated with some hostel owners …
Read More »Come to the stock market for capital
Uganda Securities Exchange tells manufacturers recovering from COVID-19 pandemic stress Kampala, Uganda | JULIUS BUSINGE | As manufacturers weather the tough times caused by COVID-19 lockdown and related restrictions, executives at the Uganda Securities Exchange say, doors are open for raising capital to reboot business activities. Speaking on behalf of …
Read More »Can MTN’s new CEO fix current troubles?
The South African telecom firm plans to refocus on Africa and mobile money | THE INDEPENDENT | MTN Group’s new CEO Ralph Mupita is expected to manage by capitalising on technological growth and demographic dividends within Africa to cement its position as the continent’s largest telecom services provider. He comes …
Read More »Passengers miss flights over invalid COVID-19 test certificates
Entebbe, Uganda | THE INDEPENDENT | More than 50 passengers have so far missed their flights for showing up at Entebbe International Airport with invalid COVID19 negative test certificates. All travellers going through the airport are required to present a negative PCR COVID-19 test certificate issued within 120 hours before …
Read More »Jubilee insurance sells majority stake to Germany’s Allianz Group
Currently, the regional insurers commands the largest market share in Uganda’s general insurance business Kampala, Uganda | ISAAC KHISA | Regional insurer, Jubilee Holdings Ltd, is selling between 51% and 66% stake of its operating subsidiaries engaged in short term general insurance business across the region to the Munich-based Allianz …
Read More »Ntoroko flood victims call for resettlement
Ntoroko, Uganda | THE INDEPENDENT | More than 7,000 people displaced by floods resulting from the rising Lake Albert water levels in Ntoroko district want the government to resettle them to safer places. Flooding in the district is a perennial problem. However, it escalated at the start of this year …
Read More »How to ensure transparency in Uganda’s oil and gas sector
COMMENT | Hillary Turyatunga | Uganda’s efforts to join the Extractives Industries Transparency Initiative (EITI) that were first expressed in the 2008 National Oil and gas policy recently saw Uganda joining the initiative, making it the 54th country in the world and 26th in Africa to subscribe. EITI is a …
Read More »Kenya’s exports to EAC surpass pre-COVID-19 period
Nairobi, Kenya | Xinhua | Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on …
Read More »MUSEVENI: Uganda’s economic outlook is positive
Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has said despite the effects of the COVID-19 pandemic, Uganda’s economy has transformed to a level where the country will be self-sufficient and achieve sustainable economic growth and job creation. He was speaking during the 58th Independence Day celebrations held at State …
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