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Tag Archives: Uganda

COMMENT: Banking on the unbanked

By ignoring poor people’s needs, financial institutions are overlooking a massive potential market COMMENT | REETA ROY | In a sea of gloomy news, one bright headline appears on the horizon. The World Bank’s latest figures on individuals’ bank accounts, to be released early next year, are expected to show that …

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Gov’t ordered to produce missing four Kaweesi suspects

Kampala, Uganda | GODFREY SSALI | Kampala High Court’s Civil Division Head, Justice Stephen Musota Wednesday ordered Government to produce four missing Kaweesi suspects who were recently arrested by security operatives, after being granted bail by Nakawa Magistrate Court. This follows an application presented to Court on Tuesday by their relatives …

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Over 90 inmates from Luzira plead guilty to capital offences

Kampala. Uganda | GODFREY SSALI | Over 90 inmates from Luzira prison facing capital offences have enrolled for the plea bargain programme in which they have confessed to having committed these offences in exchange for lenient sentences. They Wednesday appeared before Kampala High Court Judge Wilson Kwesiga and pleaded guilty to …

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Uganda dismisses Kutesa bribery allegations

Kampala, Uganda | THE INDEPENDENT | Uganda’s Ministry of Foreign Affairs (MOFA) has dismissed reports of a multimillion dollar bribery scheme at the UN allegedly involving minister Sam Kutesa, saying all engagements he had with a named China Energy Fund Committee (CEFC), were official activities. US authorities on Monday arrested Hong …

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Umeme investment in power distribution infrastructure paying off

Kampala, Uganda | THE INDEPENDENT | Umeme Limited Nov.16 held a media dialogue to highlight the utility’s investments in the power distribution infrastructure. Speaking at the event, Managing Director Selectino Babungi said Umeme had cumulatively invested over $500m in the distribution network. He revealed that the investments have led to the doubling …

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Sanlam finally announces Lion Assurance acquisition deal

Kampala, Uganda | JULIUS BUSINGE | On Nov. 21, Sanlam Emerging Markets Proprietary Limited (SEM) announced that its subsidiary, Sanlam General Insurance Uganda Limited (SGIU), had successfully concluded the acquisition of close to a 100% interest in the share capital of Lion Assurance Company Limited (LAC) in Uganda, from Trans Industries …

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Magufuli, Museveni sign big business deals

But what are the real opportunities and the rituals? Kampala, Uganda | JULIUS BUSINGE | If holding hands, beaming smiles, and signing piles of Memoranda of Understanding (MoUs) is a measure, then Tanzanian President John Pombe Magufuli’s visit to Uganda from Nov.9 – 11 was a total success. The brotherly romance …

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