Nairobi, Kenya | THE INDEPENDENT | The Democratic Republic of Congo-DRC was Friday officially admitted into the East African Community as the region looked to starting a new era in trade in mineral resources. The accession of DRC to the Treaty for the Establishment of the EAC is a declaration …
Read More »Jacob Oulanyah laid to rest
Omoro, Uganda | THE INDEPENDENT | Former Speaker of Parliament Jacob L’Okori Oulanyah has finally been laid to rest. Oulanyah’s body was lowered into the grave at 5:34 Pm at his home in Ayom Lony village in Lalogi Sub-county, Omoro District. He was accorded a 17-gun salute. There was a somber …
Read More »IN THE INDEPENDENT: Winners in the Ukraine war
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER Winners in the war in Ukraine: What Uganda is missing THE LAST WORD A frank memo to our wannabes: Why Oulanyah’s evacuation to Seattle was not a waste of taxpayers’ money COMMENT The implosion …
Read More »Uganda responsible for Africa’s coffee export decline in February: Report
Kampala, Uganda | THE INDEPENDENT | Uganda is responsible for the continent’s decline in coffee exports in February 2022, a new report by the International Coffee Organization (ICO) indicates. The March 2022 Coffee Market report shows that exports from Africa fell from 1.11 million bags in February 2021 to 975,000 bags …
Read More »Uganda, Kenya sign defense, security cooperation agreement
Kampala, Uganda | THE INDEPENDENT | Uganda and neighboring Kenya have signed a defense and security agreement that will facilitate joint cooperation in addressing threats like terrorism, a ministry of defense statement said on Thursday. The agreement was signed on Wednesday by Uganda’s Minister of Defense and Veteran Affairs Vincent Ssempijja …
Read More »Commercial development of our oil presents tremendous opportunities for Ugandan firms
COMMENT | TOM JOSEPH MUKASA | Following the full opening of our economy, one can now say, ‘the year started on a good note.’ But even better is the blessing of the Final Investment Decision (FID) by crucial players TotalEnergies, CNOOC, UNOC and TPDC in our oil and gas …
Read More »LOP Mpuuga hosts EU human rights chief
Kampala, Uganda | THE INDEPENDENT | The Leader of the Opposition in Parliament (LOP), Mathias Mpuuga has held talks with the European Union (EU) Special Representative on Human Rights, Eamon Gilmore over the human rights situation in Uganda. Gilmore flew in from Brussels for a three-day working visit during which he …
Read More »Stanbic goes for SACCOs, young clients
The lender recorded 11% growth in net profits to Shs269bn in 2021 Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd, a mother company for Stanbic Bank – one of the country’s oldest banks, which for nearly two decades served corporate clients, is now trying to remodel. The country’s …
Read More »Uganda unveils mortality table for life insurers
Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …
Read More »Umeme net profits up
The company’s net profit more than tripled to Shs139bn in 2021 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity distribution firm, Umeme, has seen 2021 net profit more than triple to Shs139bn owed to increase in customer base and electricity sales. This is the similar profit earned in 2019 during …
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