Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed an appeal in which YO! Uganda Limited, a Financial Technology company was seeking a temporary injunction restraining Uganda Revenue Authority from accessing, reviewing or disclosing information contained in the electronic and manual records seized from the company premises …
Read More »BOU: Uganda financial sector robust, to survive World Bank blacklist
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …
Read More »What next for cryptocurrency bill after government declines to give it a green light
Kampala, Uganda | THE INDEPENDENT | Nathan Igeme Nabeta, the Jinja East Municipality Member of Parliament has asked the Speaker of Parliament to apply the rules of the House allowing debate of the Capital Markets Authority Amendment Bill without a certificate of financial implications. The government, through the Ministry of …
Read More »PayPal announces new CEO
San Francisco, US | Xinhua | U.S. payments giant PayPal announced Monday that its senior Intuit executive Alex Chriss will become the new president and CEO, replacing current CEO Dan Schulman. The members of PayPal’s board shared the appointment, effective on Sept. 27, 2023, in a press release. Chriss joined …
Read More »ICT Ministry considers mandatory ICT certification for civil servants
Kampala, Uganda | THE INDEPENDENT | The Ministry of ICT and National Guidance is exploring the possibility of compelling all civil servants to acquire a certificate in ICT and computer usage. Amina Zawedde, the Permanent Secretary of the ministry, says that this initiative aims to promote the widespread adoption of …
Read More »Russia launches first lunar station in nearly 50 years
Vladivostok, Russia | Xinhua | Russia successfully launched the Luna-25 lunar station early Friday, embarking on a historic mission to explore the south pole of the Moon. The station, which does not have a return capsule, was launched by a Soyuz-2.1b rocket with a Fregat upper stage from the Vostochny …
Read More »Biden signs order restricting tech investment in China despite ‘no-decoupling’ pledge
Washington, US | Xinhua | U.S. President Joe Biden signed an executive order Wednesday that would block U.S. high-tech investments in China despite Washington repeatedly stating it has no interest in “decoupling” from China. Designating China as a “country of concern,” the order aims to limit U.S. investments in three …
Read More »School stuck with computer donation over lack of electricity
Bukomansimbi, Uganda | THE INDEPENDENT | Kiryasaaka Muslim Secondary in Kibinge, Bukomansimbi district is struggling to conduct computer-based studies over the lack of electricity. The government supplied 40 computer sets to the school in 2021, to support the implementation of the new secondary school curriculum which made computer studies compulsory …
Read More »Govt defends cost of digital number plates, going ahead with project in October
Kampala, Uganda | THE INDEPENDENT | The cost of the new number plates that are expected to be rolled out later in the year were a result of a financial model used for their pricing. The Minister for Security Jim Muhwezi stated this while appearing before the Committee on Physical …
Read More »Airtel Uganda unveils 5G Network with a promise to transform productivity in Uganda
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda’s First 5G Network has demonstrated 5G’s potential to foster digital inclusion and connectivity in Uganda. This was during a 5G showcase event held at Kampala Serena Hotel Monday night. Airtel Uganda unveiled one of its industry firsts, the 5G network, ushering in …
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