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In The Magazine

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Dfcu gets US$30m for SME

Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …

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Fall of the legends  

From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …

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THIS WEEK: Musisi bids farewell

THIS WEEK: Musisi bids farewell Kampala, Uganda | THE INDEPENDENT | Outgoing Executive Director Kampala City Council Authority (KCCA), Jennifer Musisi handed over office on Friday a day before Dec.15 a day she had set as her last day in that position when she tendered in her resignation in October. Minister …

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THIS WEEK: 80% fail LDC final exam

THIS WEEK: 80% fail LDC final exam Kampala, Uganda | THE INDEPENDENT | Results of lawyers graduating from the Law Development Center (LDC) were released on Dec.12 showing 20% of the over 800 that sat for the final exams to have passed.  According to  the Center’s Director Frank Nigel Othembi while …

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THIS WEEK: Lusanja evictions illegal, Court

THIS WEEK: Lusanja evictions illegal, court Kampala, Uganda | THE INDEPENDENT | On Dec.14, court ruled that an eviction of hundreds of people from a 75-acre piece of land in Lusanja village in Mpererwe on the outskirts of Kampala was illegal.  In his judgment, High Court Judge John Eudes Keitirima ruled …

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COMMENT: The G20’s Africa problem

Rather than include Africa in discussions about trade, the G20 addresses narrower development issue COMMENT | COBUS VAN STADEN | This has not been an easy year for the G20. The 2018 summit of the leaders of the world’s largest economies was held in Buenos Aires, a city still reeling from …

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COMMENT: Assault on news media

These five mundane dangers confronting the profession could be more dangerous than the physical attacks COMMENT | ALEXANDRA BORCHARDT | The brutal torture and murder of the US-based Saudi journalist Jamal Khashoggi has focused attention on Saudi Crown Prince Mohammed bin Salman, who is widely believed to have ordered the killing. …

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MOTORING: 2019 Honda CR-V

Check out its new standard safety technology Kampala, Uganda | AGENCIES | HONDA has dramatically increased the level of standard safety technology for the 2019 Honda CR-V VTi-S all-wheel drive model (AWD), which will be available in dealerships from January 1, 2019. Previously the suite of tech dubbed HondaSensing incorporating forward …

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