Monday , February 24 2025

In The Magazine

magazine stories

Banks on course to meet capital requirements

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank hopes to strengthen the country’s financial sector by leveraging on the revised minimum capital requirements. The Bank of Uganda said in a statement on July 06 that it is confident that the attainment and maintenance of the revised minimum capital by financial …

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The ghost flood villages of Kansanga

Every rain season brings agony to residents of low income areas built in designated flood plains Kampala, Uganda | EVELYN AINEMBABAZI |  Kampala City, Uganda’s capital district on the edge of Lake Victoria, is a place of high hills, low vales, and rain storms that result in regular floods. To …

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Africa recoups US$1.9bn from tax evasion, illicit financial flows – report

African governments are stepping up efforts to boost domestic resource mobilization Kampala, Uganda | RONALDMUSOKE | Tax authorities in several African countries were able to recoup up to US$1.9 billion in tax revenues in 2022, thanks to the implementation of information exchange mechanisms, rigorous offshore investigations and voluntary disclosures, according to …

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Absa Bank tips SMEs on financial literacy

Kampala, Uganda | THE INDEPENDENT | A total of 300 SMEs in Masaka, Mbarara, and Fort Portal have received training in entrepreneurship and financial literacy from Absa Bank Uganda, in partnership with Enterprise Uganda. The training programme saw the SMEs get taken through modules such as business leadership and corporate governance, …

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UPDF contingent in DRC joins drive to fight Cholera

Kampala, Uganda | THE INDEPENDENT | The Uganda Peoples’ Defence Forces (UPDF) Contingent operating under the East African Regional Force (EACRF) to keep peace in the Democratic Republic of Congo (DRC) joined the Local Community to fight against the Cholera outbreak disease. The disease has been registered in Mabenga and …

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Prof. Nangoli named UPPC Managing Director

Kampala, Uganda | THE INDEPENDENT | Associate Professor Sudi Nangoli was appointed the Uganda Printing and Publishing Corporation (UPPC) Managing Director starting July 10. Prof. Nangoli, an academician replaces acting Managing Director Kenneth Oluka who has been tasked to caretake the publishing section where he will spearhead publishing of works including …

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Uganda Airlines to start direct flights to India

Kampala, Uganda | THE INDEPENDENT | Uganda’s national carrier, Uganda Airlines said it’s in the advanced stages of launching direct flights to India. “India coming soon… Mumbai get ready!” Uganda Airlines wrote on Twitter. Economists say the initiative will help enhance trade and tourism relations between Kampala and New Delhi. The …

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Google Bard launches in Swahili

Kampala, Uganda | THE INDEPENDENT | Google announced the expansion of Bard, its conversational AI service, to 40 new languages including Swahili- the first African language to be included and 59 new countries and territories. The expansion includes new features that allow users to better customize their experience, boost their creativity, …

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