Tag Archives: Uganda

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

Kampala, Uganda | THE INDEPENDENT | The Bishop of Namirembe Diocese Rt. Rev. Wilberforce Kityo Luwalira has warned that corruption and other vices like land grabbing remain a big challenge in the country. Luwalira was this afternoon delivering a Christmas sermon at St. Paul’s Cathedral Namirembe. Hundreds attended the Christmas Service …

Kampala, Uganda | THE INDEPENDENT | A pastor in Budaka district died on Christmas minutes after delivering his sermon to Christians. The deceased is 34-year-old Julius Mwanika 34, a Pastor at Trinity Chapel Church in Nakibule in Budaka town council. Pastor David Gonahasa, the overseer of born Again Churches in Budaka …

Kampala, Uganda | THE INDEPENDENT | Each festival season, operators of public transport hike transport to the high volume of travelers. The most affected are travelers to distant routes to the East and the western Uganda where fares more than double. Transporters take advantage of the absence of checks and balances …

Kampala, Uganda | THE INDEPENDENT | The Uganda Police bus that had earlier been announced missing with the driver was found on Christmas eve. Geoffrey Mwase, the driver is also reported arrested after the bus was intercepted at the Morgana Petrol Station in Mityana District. The bus whose number plates had …

Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …

Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …

Kampala, Uganda | THE INDEPENDENT | There is 7.5 percent increase in the number of travelers entering Uganda through Entebbe International Airport, the Public Affairs Manager Civil Aviation Authority-CAA, Vianney Luggya has revealed. Statistics from the airport show that Uganda received 1,620,000 passengers in 2017. However, Entebbe International Airport registered 130,099 …

Kampala, Uganda | THE INDEPENDENT | Artisan miners and activists have re-echoed the need for the establishment of weighbridges in Karamoja Sub Region. Tororo Cement and other companies have been transporting precious stones like limestone and Marble from the region for over a decade. However, there are no weighbridges to help …

Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …