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 …
Read More »Europe bias against EACOP
Don’t dismiss it. Disprove it Kampala, Uganda | JOSEPH WERE | Days after the European Union passed a resolution condemning ongoing investment in fossil fuels in Uganda, the basis for the censure remains unclear. The Lake Albert Development Project consists of several partners, with the French multinational oil company TotalEnergies (Total) …
Read More »IN THE INDEPENDENT: European bias against EACOP
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY European bias against EACOP: Don’t dismiss it. Disprove it THE LAST WORD Inside Museveni’s private favours: How the president’s approach of allocating favours to individual firms has undermined the development of a robust …
Read More »China approves inhalable Covid-19 vaccine
Convidecia Air utilises a nebuliser to change liquid into an aerosol for inhaling through the mouth | THE INDEPENDENT | The National Medical Products Administration of China (NMPA) has approved CanSino Biologics’ (CanSinoBIO) recombinant Covid-19 vaccine (Adenovirus Type 5 Vector) for inhalation, Convidecia Air, as a booster. This vaccine leverages …
Read More »New survey shows higher growth, job cuts
The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. | THE INDEPENDENT | The headline PMI rose to 50.5 in August, up …
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