The new move will see the lender venture into non-banking business Kampala, Uganda | ISAAC KHISA | Uganda’s largest lender, Stanbic Bank Uganda, is finalising plans to become a Bank Holding Company (BHC), a step that would enable it access funding more easily but also tighten capital requirements and regulatory oversight. …
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Kampala, Uganda | THE INDEPENDENT | Government has shelved plans to liberalize the pension sector and will instead amend the National Social Security Fund (NSSF) Act Cap 222. According to the proposals in the National Social Security Fund Amendment Bill, 2018 to be tabled soon in parliament, NSSF will retain its …
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USD9.4m Trade infrastructure at Mpondwe border to boost Uganda’s exports to DR Congo Kampala, Uganda | GODFREY SSALI | The Democratic Republic of Congo is one of Uganda’s export destinations ranking number three within the COMESA region. Uganda’s exports to DR Congo are valued at USD177m and these are mainly …
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Kampala, Uganda | ISAAC KHISA | The European Investment Bank (EIB) has extended US$29.6million (€24million) loan to two local banks for financing small and medium sized firms in Rwanda. The bank signed the US$19million loan with the Development Bank of Rwanda and another one with I&M Bank of Rwanda at US$10milllion. …
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Kampala,Uganda | GODFREY SSALI | The High Court in Kampala Monday heard that several suspects confessed that Austrian based cardiologist Dr. Aggrey Kiyingi was supporting rebel activities of the Allied Democratic Force, under the leadership of captured Jamil Mukulu. This during the hearing of the treason case against 19 people including Dr. Kiyingi’s …
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Kampala, Uganda | ISAAC KHISA | Joram Nyanzi is the managing director of Kenlloyd Logistics Uganda Ltd. He spoke to Isaac Khisa about the performance and prospects of the region’s logistics industry. What is your management style as the managing director? I am a strong believer in human resource in an …
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NMS innovates as critics call for improved forecasting drug needs Kampala, Uganda | FLAVIA NASSAKA | A Feb.12 Ministry of Health announcement that expired drugs to the tune of 1500 tons in stores at 6619 health facilities across the country would be incinerated has incensed many. Critics wonder how such a …
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Kampala, Uganda | THE INDEPENDENT | The FIFA World Cup trophy is in Uganda, as it continues its world tour ahead of Russia 2018. The tour, sponsored by Coca-Cola, one of the World’s largest beverage companies, serves as one avenue of cementing their relationship with their customers and the soccer fans. President …
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Kampala, Uganda | GODFREY SSALI | The attempted murder case filed against city socialite Brian Kirumira aka Bryan White is headed for an out-of-court settlement, court heard on Monday. The development was communicated by prosecution’s Happiness Ainebyona to Makindye Court Chief Magistrate Elias Kakooza. Ayinebyona told court that the investigating officer in …
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Kampala, Uganda | THE INDEPENDENT | Uganda will join the rest of the world in celebrating the International Women’s Day on March 8, with the focus this year being on empowering rural women and girls as they are seen as the country’s engine to spur overall socio-economic and inclusive development. …
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The Independent Uganda: You get the Truth we Pay the Price