Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …
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National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …
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One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …
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Is Uganda on course? For the second time in 16 years, the International AIDS conference was held on the African continent. From July 18 to 22, the conference brought together over 18,000 HIV/AIDS researchers, policy makers, members of the civil society and people living with the disease in the South …
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NBS: Former Forum for Democratic Change presidential candidate, Rtd Col. Dr. Kizza Besigye was re-arrested Monday morning and detained at Jinja road police station. Besigye was arrested while on his way from Makindye Magistrate’s court, where a case of disobeying lawful orders against him and Kampala Lord Mayor Erias Lukwago …
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NBS: Cabinet ministers and Permanent Secretaries left for a one week retreat at the National Leadership Institute Kyankwanzi that will address issues of service delivery in the country. Others called to attend the retreat are members of the ruling NRM’s Central Executive Committee who will orient the new Cabinet in …
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Albert Chemutai finished 7th in the final event involving Ugandans at the World U-20 Championships in Bygdgoszcz, Poland today. The 3000m steeplechase was won by Amos Kirui of Kenya in 8:20.43 with Chemutai clocking 8:37.76 The result means Uganda returns home with one medal, a bronze won by Jacob Kiplimo in …
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What is driving soldiers to kill, commit suicide? Recently, on June 6, Sergeant Isaac Obua, a UPDF soldier attached to Makindye Military Barracks in the southeastern division of Kampala sent the nation in shock when he shot and killed seven people including children. He was shot and killed by his …
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The death on July 16 of John Bosco Kyeyune, the renowned leader of the Mt Sion Prayer Centre Bukalango – also known as Mukajanga- could not have come at a more crisis-filled moment for the Catholic Church of Uganda. Earlier in March, Archbishop Lwanga had suspended Mukajanga over activities related …
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How corruption has disabled mechanisms through which the business community can fight for better tax laws THE LAST WORD: By Andrew M. Mwenda Uganda’s ratio of taxes to Gross Domestic Product (GDP) has remained almost stagnant for 19 years. In 1997, it was 11%. Since then it has risen to …
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The Independent Uganda: You get the Truth we Pay the Price