Tag Archives: Uganda

Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) has approved US$483 million, equivalent to 1.7 trillion Shillings as recoverable costs by five oil companies. The companies are Tullow, Total, China National Offshore Oil Company (CNOOC), Armour Energy and Oranto. According to Ernest Rubondo, the Chief Executive of …

Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee sector has 3.7million Euros boost to help increase market access to the largest and most lucrative markets in the world. The EU accounts for 30% of the annual global coffee consumption. Finance Minister, Matia Kasaija said, “This intervention will in return help improve …

A look at incidence of hemorrhagic fevers, typhoid, HIV/AIDS, malaria Kampala, Uganda | FLAVIA NASSAKA | As 2018 ended, the Minister of Health Dr. Jane Ruth Aceng, was on Dec.05 in Goma city in the neighboring DR Congo on invitation from her counterpart; Minister Sem Llunga. Llunga must have noticed that …

Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …

From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …

Why the president’s efforts against corruption may be politically appealing but are strategically of little value THE LAST WORD | ANDREW M. MWENDA | Last week, President Yoweri Museveni launched an “anti-corruption unit” in his office. This is one in many efforts the president has tried and failed in the last …

Kampala, Uganda | THE INDEPENDENT | Inmates in Luzira Prisons have pleaded with the Speaker of Parliament Rebecca Kadaga seeking pardon for their elderly colleagues struggling to survive in Prisons. It came when Kadaga visited at Luzira prisons to deliver gifts to inmates including sugar, salt, clothing, soap, sandals, flour, basins …

Beni, DR Congo | AFP | At least five people, including four civilians, were killed in an attack by suspected Ugandan rebels in DR Congo, an AFP correspondent and witnesses said on Sunday. The attack by Uganda-based Allied Democratic Forces targeted the locality of Masiani in the Beni region of …

Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling has strengthened against the dollar and other currencies as the festive season sets in. The Shilling has been trading in the range of 3,650/90 throughout the week, a marked gain compared to previous weeks. Money market watchers attribute the strengthening of the …

Kampala, Uganda | THE INDEPENDENT | Makerere University has sacked 45 senior academic staff, according to a statement by the University Human Resources Director, Andrew Abunyang. The decision to sack the lecturers was reached in five consecutive meetings by the University Appointments Board chaired by Bruce Balaba Kabaasa held between November and …