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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Six tech breakthroughs for motoring in 2017
Kampala, Uganda | THE INDEPENDENT | 2017 has been a year of automotive technology breakthroughs. Here are six we think will have the most impact in future. Leave it to beaver Humans are said to cause 90 per cent of traffic accidents, so what better way to reduce that than with …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Testing and treating HIV
Experts warn of terrible drug resistance as drug stock-outs shake nation Kampala, Uganda | FLAVIA NASSAKA | July 11, 2012 is memorable for Joseph Lukwago. It is the day the 47-year old started taking Antiretroviral (ARV) drugs. He had tested HIV positive in 2010. And back, he says, thought he …
Read More »Chinese oil giant and Chad deny Africa bribery scheme after US probe
Shanghai, China | AFP | Top Chinese oil company CEFC China Energy on Tuesday denied any involvement in an alleged multi-million dollar bribery scandal that US investigators say helped the giant win business advantages in Africa. US officials announced Monday that they had arrested Hong Kong’s former home affairs secretary and …
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