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In The Magazine

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PostBank records Shs15.1bn profit after tax

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

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dfcu appoints Charles Mudiwa as new CEO

Kampala, Uganda | THE INDEPENDENT | dfcu Bank Limited has announced the appointment of Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank announced on April 6 through the media. Mudiwa brings on board over 26 years of experience in Banking, with strong business …

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East African business expo pushed to May

Kampala, Uganda | THE INDEPENDENT | Organisers announced that the East African business expo has now been pushed to May 4 to 7, 2023. The organisers also noted that the expo which was to be held at Kololo Independence grounds has been moved to KCCA Lugogo grounds. “We understand that many …

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UDB launches shs50bn climate finance facility

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …

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IGP Ochola reshuffles 69 officers in latest changes in police

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police, John Martins Okoth Ochola made new changes and appointments affecting 69 police officers. In fresh deployments, transfers and appointments involving gazetted officers between the rank of Commissioner of Police (CP) and Assistant Superintendent of Police (ASP), CP Polly Namaye who …

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Ssegirinya, Ssewanyana return to parliament after a 2-year absence

Kampala, Uganda | THE INDEPENDENT | Legislators Allan Ssewanyana (Makindye East) and Muhammad Ssegirinya (Kawempe South) returned to parliament to continue with legislative business on Tuesday afternoon, following two years in incarceration. The two legislators on entering parliament premises knelt at the entrance of the chambers and prayed silently before the …

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UBTEB Nov/Dec 2022 results out

Kampala, Uganda | THE INDEPENDENT | The Uganda Business and Technical Examinations Board – UBTEB on 5th April 2023 released the Nov/Dec 2022 end-of-programme and modular examinations results. The event was officiated by the Minister of Education and Sports Hon. Janet Kataaha Museveni. UBTEB Executive Secretary, Onsesmus Oyesigye noted that …

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FDC asks for justification for Ugandan troops in DR Congo

Kampala, Uganda | THE INDEPENDENT | The Forum for Democratic Change (FDC) tasked President Museveni and Parliament to explain how Uganda will benefit from the deployment of the Uganda People’s Defence Forces (UPDF) in the Democratic Republic of Congo (DRC). Last week UPDF soldiers led by Col Michael Walaka Hyeroba were …

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