Lancet report says `hidden pandemic’ kept infection figures low | ANDRE VAN WYK | The global response to the Covid-19 epidemic has been nothing short of a massive failure, according to a study by The Lancet; the world’s highest-impact general medical journal. The peer-reviewed journal explains that millions of deaths …
Read More »Grid Expansion and Reinforcement Project to light up West Nile region
The project is funded by the World Bank at a cost of US$100million Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Northern and West Nile regions have had unreliable electricity supplies limiting industrialization and energy-dependent economic activities for decades but this will soon come to an end once the construction work …
Read More »Uganda Re to provide cover for the East African Crude Oil Pipeline
Global reinsurance firms have publicly declared that they would not provide insurance cover for the East African Crude Oil Pipeline. But Uganda Re has assured the country that it is ready to provide the much-needed services for the project. The company’s CEO Ronald Musoke shares the growth in business and …
Read More »NIC Life Assurance faces substantial losses in premiums over suspension
The insurer recorded Shs 1.36billion in gross written premiums in 2020, representing a 35.9 percent drop compared to the previous year | THE INDEPENDENT | NIC Life Assurance, a subsidiary of NIC Holdings could face substantial losses in premiums following the decision by the regulator to suspend its operations. The …
Read More »Collective investment scheme assets grow 13.7% to Shs1.3trillion
The growth is attributed to increased awareness about the benefits of investing through CIS vehicles among local investors | THE INDEPENDENT | The level of savings and investment in Uganda’s capital market has grown significantly, notwithstanding the reduction of disposable incomes as a result of the prevailing inflationary pressures, the …
Read More »MTN, Airtel money companies pay-out Shs9.1bn to customers
The quarterly payments will encourage savings among users, executives say | THE INDEPENDENT | Uganda’s biggest telecoms – MTN and Airtel – have paid a combined interest to customers with outstanding balances of Shs1 and above for the second quarter of this year Shs 9.1bn. MTN Uganda paid Shs5.7billion to …
Read More »Caught off-guard by floods
What keeps Ugandans unprepared for the next disaster? Kampala, Uganda | RONALD MUSOKE | The eastern mountainous sub-region of Bugisu-Sebei is used to receiving more rainfall than most parts of Uganda. And the people there are used to seeing their homes, roads and gardens ruined as the rains batter the …
Read More »Museveni again skips UN General Assembly
Political pressure keeps President away from annual gathering since 2017 Kampala, Uganda | IAN KATUSIIME | On the week beginning Sept. 19, world leaders will descend on the United Nations headquarters in New York, U.S. for the 77th General Assembly. But President Yoweri Museveni will not be part of them. …
Read More »Journalists and security forces
The question of professionalism when the two parties meet in the field Kampala, Uganda | JULIUS BUSINGE | November 2022 is a month that Henry Sekanjako and Timothy Murungi, all journalists with New Vision are waiting for to receive justice for their case reported to court in February last year. The …
Read More »Inside Museveni’s private favours
How the president’s approach of allocating favours to individual firms has undermined the development of a robust private sector THE LAST WORD | ANDREW M. MWENDA | On August 15th, President Yoweri Museveni wrote the prime minister an instruction titled “Support of Local Companies in the Construction Sector”. He said …
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