Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »Why BoU sells banks cheaply
Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
Read More »MUSEVENI: Peace key to sports success
Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has celebrated Uganda’s success at the just concluded Commonwealth Games, saying, sportsmen have been able to flourish because of long time peace in the country. “For those who are saying that we (Government) are harvesting where we didn’t sow, …
Read More »Mutebile’s economy optimism
Governor projects 6.5% economic growth in three years but private sector concerns remain Kampala, Uganda | JULIUS BUSINGE | On April 09, the Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, arrivedat the Bank’s conference room on the 7th Floor to announce the Monetary Policy Statement for Aprilpast the usual time, 12:00pm. The …
Read More »Crime preventers and the pretenders
Museveni struggles to find space for his `election machine’ Kampala, Uganda | IAN KATUSIIME | “We undertake to protect the President and help him keep this country safe. A crime preventer can give his life for the President. We can kill for the President.” Those were the loaded words of …
Read More »Behind the scenes in Uganda’s oil refinery deal
Kampala, Uganda | THE INDEPENDENT | The signing of the Project Framework Agreement between government and the Albertine Graben Refinery Consortium (AGRC) for USD4 billion oil refinery was a great relief to the Energy Ministry as it races towards first Oil by 2020. Sources at the Energy Ministry have indicated …
Read More »Kampala as best city
The little things that matter Kampala, Uganda | RONALD MUSOKE | A woman walks alone along the street at night. The weather is great and the fruits and vegetables fresh. People discuss the latest political issue without fear, the entertainment scene is vibrant, and the sweet smell of food is everywhere. …
Read More »Mutebile survives coup at central bank
Fly on the wall at lunch between Mutebile and Kasekende Heated top executive meeting Kampala, Uganda | HAGGAI MATSIKO | It is 1:30 PM April 04. Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors’ …
Read More »Uganda ready to accept 500 African migrants from Israel
Kampala, Uganda | THE INDEPENDENT & AFP | Uganda is ready to take in up to 500 African migrants from Israel, State minister of disaster preparedness and refugees Musa Ecweru has revealed. “The State of Israel working with other refugees’ managing organisations has requested Uganda to allow about 500 Eritreans …
Read More »New viruses found
Researchers warn Uganda not ready to handle next health emergency Kampala, Uganda | FLAVIA NASSAKA | The government response to the 2017 Marburg virus outbreak in Kween District, eastern Uganda cost Shs5.2billion. Most of that money came from donors. That was one of the revelations made by the Permanent Secretary …
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