Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …
Read More »Is Ham’s loan from Diamond Trust bank a syndicated loan?
Kampala, Uganda | THE INDEPENDENT | Did Hamis Kiggundu acquire a syndicated loan from Diamond Trust Bank -DTB? This will be one of the many questions that will face the Court of Appeal and the legal fraternity as a whole. Diamond Trust Bank filed a notice to appeal the ruling …
Read More »IN THE INDEPENDENT: Chinese, Ugandans fight over Karuma
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Chinese, Ugandans fight over Karuma Dam: Museveni accused of switch sides THE LAST WORD Uganda’s addiction to borrowing: Why our country continues to take more and more loans and what this means for …
Read More »‘BOU didn’t have to license DTB Kenya to lend to Ham’
Kampala, Uganda | THE INDEPENDENT | The controversy surrounding a commercial court judgement on the case between Diamond Trust Bank and businessman Hamis Kiggundu has taken a new twist after the Bank of Uganda advised that a foreign bank can appoint an agent to carry our business in Uganda, without …
Read More »Bank of Uganda issues statement on loans
Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …
Read More »Japan gives Uganda exports zero tariff and zero quota
Kameda Kazuaki, the outgoing Japanese Ambassador to Uganda spoke to The Independent’s Ronald Musoke about his four year stay in the country. You are leaving Uganda after close to four-and-half years. What are some of the memories you carry back home? Uganda is such a nice country to live;especially when …
Read More »Kampala residents lack food
More towns also affected, according to experts Kampala, Uganda | PATRICIA AKANKWATSA | People living in towns are likely not to have food in the right amounts and nutritious value in the coming months, according to experts from 15 international organisations is who monitor such issues.They include United Nations agencies like …
Read More »Bobi Wine warned
Fights in NUP threaten opposition chances Kampala, Uganda | MUBATSI ASINJA HABATI | Bobi Wine’s party, the National Unity Platform (NUP) umbrella is being heavily shaken by winds of independent candidates who want to stand against the party’s endorsed flag bearers in the 2021 elections. But, according to several veteran opposition …
Read More »Talking to Children about sex
How parents should do it | ÁINE AVENTIN | Parents and children need to be able to discuss sex – but often they avoid these conversations. As part of our sex education research, we spoke to UK teenagers about why they don’t talk to their parents about sex. Visions of …
Read More »Vatican ‘swindled’ over property deals
Reveals net worth of €4bn | THE INDEPENDENT | The Vatican says it has been “swindled” in some of its investments, including a multi-million-pound property deal in London, as it revealed for the first time that it holds total assets worth about €4 billion. The Holy See took the unusual …
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