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 …
Read More »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 …
Read More »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 …
Read More »Uganda oil projects under attack, again
Human Rights Watch issues ‘biased’ report on oil pipeline Kampala, Uganda | RONALD MUSOKE | The Petroleum Authority of Uganda (PAU), the government agency that regulates the oil and gas sector, has accused Human Rights Watch of ‘bias’ following a new report the New York-based non-profit published on July 10. “The …
Read More »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, …
Read More »MTN unveils Changemakers initiative drive to transform communities
Kampala, Uganda | THE INDEPENDENT | MTN Uganda’ has unveiled a social initiative dubbed MTN Changemakers seeking to transform the lives of communities across Uganda. The initiative aims to support local individuals and organizations driven to make a profound impact on their communities. MTN Uganda CEO Sylvia Mulinge said the telecom …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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