By Ivan Rugambwa & Julius Businge Second largest commercial bank shakes up loan market with 13 percent cut in interest rate If, as is often said, timing is money; then Standard Chartered Bank could be minting quite a bit of it if its recent sharp interest cut pays off. …
Read More »Planning in the dark
By Ronald Musoke Why does Uganda government fear to count its people? The National Planning Authority offices on Plot 15B, Clement Hill Road, in Kampala is a bee-hive of activity. The elderly executive director of the authority, Dr Wilberforce Kisamba-Mugerwa, darts in and out of a meeting on the ground …
Read More »How Museveni nearly quit NRM
By Haggai Matsiko Election case haunts President’s party On Friday October 22, 2010, President Yoweri Museveni held a heated meeting at State House, Entebbe, with a little-known former aide of his, Capt. Daudi Ruhinda Maguru. Present at the meeting was Adolf Mwesige, who was then-minister in the Prime Minister’s office …
Read More »Kiwanuka’s budget strategy
By Haggai Matsiko & Ronald Musoke Good news: Why the minority private sector is praising it Bad News: Why the majority poor are cursing A day after Finance Minister Miria Kiwanuka presented 2013/14 FY budget, a meeting of the Private Sector Foundation of Uganda (PSFU) on June 14 praised her …
Read More »Nile water war threats
By Independent Team & Agencies Was President Museveni right to join the heated exchanges with Egypt? If a single drop of the Nile is lost, our blood will be the alternative,” Egyptian President Mohammed Morsi warned on June 10, “We are not warmongers, but we will never allow anyone to …
Read More »Don’t underestimate Muhoozi, Museveni tells top commanders
By Haggai Matsiko It was in the last part of his speech to the UPDF High Command, but President Yoweri Museveni’s comments about his son, Brig. Muhoozi Kainerugaba, have become the talking point among the officers that The Independent has spoken to since. On May 22, just a day before …
Read More »Museveni’s `stress’ of the nation
By Peter Nyanzi President’s frustration, lamentations at poor service delivery fail to lift population from hopelessness Of course it will be built, the question is when?” was a mechanic’s terse response to President Yoweri Museveni’s assertion during the State of the Nation Address on June 7 that the 600 MW …
Read More »Lake Victoria losing its fish
By Ronald Musoke Why tasty Nile Perch is giving way to tiny Mukene Mathias Wafula is a worried man. As deputy executive secretary of the Lake Victoria Fisheries Organisation’s (LVFO), he is constantly analysing the fish stock of the world’s second largest fresh water body. That mainly involves analyzing the …
Read More »Tinyefuza’s new war against Museveni
By The Independent’s Investigative Team General’s fight linked to ICC In mid-April, the International Criminal Court (ICC) at The Hague in the Netherlands received a dossier on alleged human rights violations by the Uganda government generally, and President Yoweri Museveni and the Inspector General of Police, Gen. Kale Kayihura, specifically. …
Read More »2013/14 budget
By Ivan Rugambwa New taxes to make Ugandans poorer, increase cost of doing business When the Finance Minister, Maria Kiwanuka reads the budget, she will announce a tax increment on fuel that experts fear will hike transport fees and prices for commodities. The increment was first announced on April 10, …
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