It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …
Read More »Uganda’s manufacturing sector slows growth
Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …
Read More »Rwanda can’t be shaken
Kagame targets those working against nation in Kwibuka speech President Kagame has said that those struggling with understanding their responsibility and creating problems for Rwandans will not stop the country from progressing. Speaking on April 07 during events to mark the beginning of the mourning week, President Paul Kagame said …
Read More »THE LAST WORD: The problem with term limits
As Sierra Leone’s president seeks to amend the constitution and extend his presidency, it is time for Africa to pause and reflect By Andrew M. Mwenda The president of Sierra Leone, Ernest Bai Koroma, wants to amend the constitution and remove term limits on the presidency. Koroma is not the …
Read More »Search for Justice Kavuma’s replacement on
The Judicial Service Commission has kicked off the search process for the next Deputy Chief (DCJ) Justice to replace Steven Kavuma whose term ends in September this year. The commission has advertised the highly regarded position and a few justices have been tipped for the job. Article 143 (1b) of …
Read More »COVER STORY: Bad economy
Here is why Ugandans are poorer today than yesterday There is more bad news for the Uganda economy this April. According to the latest figures from the Uganda Bureau of Statistics (UBOS) and the Central Bank, the economy will not achieve the targeted 4.5% growth this financial year. It will …
Read More »ANALYSIS: Why is Catholic Church losing followers?
Figures from the 2014 National Population and Housing Census show that, in the last 10 years, the percentage of Ugandan identifying as Catholics has declined from 41.6% in 2002 to 39.3% of the general population. In the 1991 census, however, the number identifying as Catholic was estimated to be between …
Read More »Turkish President granted sweeping powers after referendum victory
Recep Tayyip Erdogan, the Turkish President consolidated his grip on the country after a narrow win in a referendum stripped powers from parliament and handed them to him in a move that left opponents pondering their next move in a fast shrinking space of civil and political liberties. The declaration …
Read More »Kamuli election loss leaves Musumba soul searching
FDC stalwart Salaamu Musumba suffered another election defeat in less than two years when she lost out to NRM’s Rehema Watongola, her arch rival for the Kamuli Municipality seat. Watongola won the seat in 2016 and Musumba petitioned citing voter bribery and election malpractice. The bye election was tightly contested …
Read More »Museveni soldiers on with drip irrigation campaign
President Museveni set up camp for days in Mayuge district in eastern Uganda to teach communities about improved farming methods as a continuation of his campaign using drip irrigation to mitigate the effects of drought. With a model farm he established in Kityerera sub country in the district, Museveni said …
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