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The News Today

Court dismisses BOU case against Sudhir

  Kampala, Uganda | THE INDEPENDENT | The High Court Commercial Division has dismissed the  Crane Bank (in Receivership) suit against Sudhir Ruparelia and Meera Investments, with Justice David Wangutusi ruling that they have no legal basis to sue. The judge dismissed the suit on Monday over lack of legal basis …

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Targeting NSSF money

The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …

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DRC: Tshisekedi finally forms coalition government

DR Congo announces new govt seven months after president inaugurated Kinshasa, DR Congo | AFP |  The Democratic Republic of Congo announced a coalition government Monday, seven months after the inauguration of new president Felix Tshisekedi. “The government is finally here. The president has signed the decree and we will …

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Museveni signs Uganda-Rwanda pact

Cross border activities to resume as Uganda, Rwanda sign pact Luanda, Angola | THE INDEPENDENT | President Yoweri Museveni has thanked his Angolan counterpart, Joao Manuel Lourenco, for overseeing a reinforcement process that has culminated into Uganda and Rwanda signing a pact to improve their political and economic relations. The …

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Private sector lending up

But who is benefiting? Kampala, Uganda | JULIUS BUSINGE | Latest statistics from Bank of Uganda shows that private sector lending has gone up. But, a section of the private sector mainly traders, manufacturers, economic experts are saying that they are yet to benefit. Issa Sekitto, for instance, an importer …

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Museveni’s electoral reforms

Why opposition shouldn’t expect President to drop winning strategy Kampala, Uganda | AGATHER ATUHAIRE | Since Attorney General William Byaruhanga tabled before parliament the government proposed electoral reforms on July 26, attention has been on how opposition parties will react to them. Presentation of the proposed reforms is, on paper, a …

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ANALYSIS: MPs salaries

Unlocking the facts, myth, secrets after Supreme Court ruling Kampala, Uganda | JULIAN SABIITI | If for once Uganda were considered a corporation where performance is measured on the basis of return on investment, the next meeting of shareholders would be the stormiest in this corporation’s history. The Chief Executive …

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