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Tag Archives: Uganda

Mathew Kanyamunyu granted bail

Judge rules that Kanyamunyu is innocent till proved guilty Kampala, Uganda | GODFREY SSALI |  High Court in Kampala has just granted bail to “Lugogo murder” key suspect Mathew Kanyamunyu. High Court judge Wilson Kwesiga Matthew granted Kanyamunyu bail on Wednesday and asked he deposits a sh10m cash bond, while …

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USE to demutualise, eyes listing

Kampala, Uganda | ISAAC KHISA | Uganda Securities Exchange has received approval from the Capital Markets Authority to demutualise within a period of one year, according to its Chief Executive Officer, Paul Bwiso. Bwiso said the new development means that the USE ceases to be a mutual entity limited by guarantees and …

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ARTS: Bark-cloth gets artistic break

Artists experiment more with media on synthetic surfaces |DOMINIC MUWANGUZI | Bark-cloth has become global as part of a trend that has seen organic fabric featuring on European fashion runaways. In international art festivals the showcase of artwork integrated with bark-cloth has prompted positive criticism for artists like Sanaa Gateja …

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New Policy to address counterfeit packaged water

Kampala, Uganda | GODFREY SSALI | Government has moved to regulate the manufacture and processing of packaged water in a bid to ensure safety and security of the public. Cabinet has approved a new policy to streamline the packaged water sector. Packaged water is one of the key industrial sub-sectors with …

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Age limit bill sent to Legal and parliamentary affairs committee

Kampala, Uganda | GODFREY SSALI | Igara West Member of Parliament Raphael Magyezi Tuesday tabled the con­tro­ver­sial Con­sti­tu­tion Amend­ment Bill 2017 for first read­ing as he seeks to remove the presidential age limit that is cur­rently capped at 75 among other things. The draft bill would pro­vide for the time within …

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Bank of Uganda cuts CBR to 9.5%

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …

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TABLED: First reading of Constitution Ammendment Bill

Kampala, Uganda | THE INDEPENDENT |  MP Raphael Magyezi (Igara West -NRM) has today tabled the Constitution (Ammendment) Bill 2017 for its first reading. Magyezi last week got leave of parlaiment to introduce a Private Member’s Bill to amend Articles 102 (b), 108(3a) and 108(4) of the constitution. It has …

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