Tag Archives: Uganda

Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …

  COMMENT | AHMED KATEREGGA MUSAAZI | The mass promotion of over 2,000 officers recently, is still the talk of the country. The promotions ranged from the most junior ranks all through to Colonels, Brigadiers, Major Generals, Lieutenant Generals to Generals. Outstanding veteran Uganda Peoples Defence Forces (UPDF) officers were promoted …

Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …

Kampala, Uganda | THE INDEPENDENT | The Archbishop of Kampala Archdiocese Dr Cyprian Kizito Lwanga has dismissed reports that he requested for sh9 billion from the government to prepare for the second visit of Pope Francis in Uganda. He said any statement linking him to such a request is defamatory. …

National Coordinator Kamugisha accused of embezzling funds to acquire property Kampala, Uganda | IAN KATUSIIME | Blaise Kamugisha, the National Coordinator of Crime Preventers has in a short time reportedly bought himself four cars, a house, a farm, a shop in Kikuubo; the business hub of Kampala, and prime plots …

THE LAST WORD: How institutional independence allowed the central bank to indulge in gross mismanagement and incompetence THE LAST WORD | ANDREW M. MWENDA | Last week was the most shameful for Bank of Uganda. During hearings before the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) it …

Under the spotlight: the law and big money Kampala, Uganda | HAGGAI MATSIKO | After ending its public hearings into Bank of Uganda’s closure of seven commercial banks, attention is shifting to the recommendations the Parliamentary Committee on Commissions, Statutory Authorities, and State Enterprises (COSASE), is set to make. It …

Kampala, Uganda | THE INDEPENDENT | The Archbishop of the Church of Uganda, His Grace Stanley Ntagali has commended Bishop Emeritus Cyprian Bamwoze for laying a firm foundation for the development of Busoga Diocese. Bamwoze is credited for lobbying for water projects and free family planning services for the people …

Kadaga wants Executive to respect Parliament’s independence | Kampala, Uganda | The Independent | At a meeting in Geneva Switzerland, Speaker Rebecca Kadaga has stressed the need for the Executive to respect the independence of Parliament, saying it is an inevitable balance required in strengthening democratic governance. Kadaga said issues …

South Sudanese refugees return home | Kampala, Uganda | The Independent | On Feb. 06, Joel Boutroue, representative of United Nations High Commission for Refugees (UNHCR) in Uganda said that over 20,000 refugees from South Sudan have returned home as efforts to restore peace in the war tone country continues. …