With the right balance of audacity and pragmatism, regional integration could yield larger dividends COMMENT | Célestin Monga | When Kwame Nkrumah, under whose leadership Ghana became the first African country to claim independence in 1957, was overthrown by a military coup in 1966, few of his fellow citizens shed …
Read More »Sheraton welcomes Marriott Bonvoy Loyalty Program
Kampala, Uganda | THE INDEPENDENT | Guests at Sheraton Kampala will from today have the opportunity to earn loyalty program points that allows them to stay in any Marriott affiliated hotel in the World. Marriott International today unveiled “Marriott Bonvoy”, the new brand name of its loyalty travel program that will replace the …
Read More »Delay in SGR Project good for Uganda, says economist
Kampala, Uganda | THE INDEPENDENT | Stanbic’s East African economist Jibran Qureishi has said the delays as Uganda bids to borrow from China to finance the Standard Gauge Railway (SGR) could be a blessing in disguise. Uganda needs about sh8 trillion to construct the SGR from Malaba to Kampala. The …
Read More »Commercial banks embrace agency banking for financial inclusion
Kampala, Uganda | THE INDEPENDENT | The banking sector has had a rapid expansion in Agency Banking hardly a year since Bank of Uganda issued Agency banking regulations. The sector according to Uganda Banker’s Association now has over two thousand agency banking agency compared to the existing three hundred bank …
Read More »Insurer’s minimum capital requirement goes up
The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …
Read More »2018/19 budget proposal
Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …
Read More »Bezos case exposes billionaires’ vulnerability to hackers
New York, United States | AFP | The stunning revelation that a tabloid obtained below-the-belt selfies of Amazon founder Jeff Bezos — the world’s richest man — suggests that even billionaires are not out of the reach of hackers. Bezos came out fighting this week, accusing the National Enquirer of blackmailing …
Read More »Total Uganda announces StartUpper challenge finalists
The 15 finalists who participated in the second edition of the StartUpper of the year challenge by Total Uganda (2018-2019) have been announced. Kampala, Uganda | The Independent | The aim of the challenge is to turn young people’s innovations and passions into sustainable businesses. Initiated by the Total Group …
Read More »NSSF seeks to recover Shs160bn from ‘defaulting’ employers
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) is seeking to recover over Shs160 billion following the announcement of a grace period of three months for all employers that have not remitted employees’ social security contributions to agree a payment plan. In exchange, the Fund will …
Read More »ICPAU moves to advance accountancy
The state of accounting in Uganda is set to improve following initiatives that are being pushed by the Institute of Certified Public Accountants of Uganda (ICPAU) – all targeting practitioners. Kampala, Uganda | The Independent | Speaking at the 9th Practioners Forum held in Kampala at the end of last …
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