New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …
Read More »‘Uganda ready to act against local or foreign threats’
Rwanda, Uganda in diplomatic war of words over rebel ‘support’ Kigali, Rwanda | AFP | Rwanda accused its much larger neighbour Uganda on Tuesday of supporting rebels opposed to the government in Kigali, a claim firmly rebutted by Kampala. Rwandan Foreign Minister Richard Sezibera told journalists that Kigali had information …
Read More »Kutesa issues statement on Rwanda-Uganda
Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Foreign Affairs Sam Kutesa has said Uganda has no reason to host elements hostile to Kigali or arrest and torture their citizens as alleged. In the first official statement since last week’s close the border at Katuna to trucks, Kutesa dismissed as …
Read More »Kenya’s pension firm enters Uganda’s market
Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …
Read More »Second case ever of ‘HIV cure’
‘London patient’: second case ever of HIV remission Paris, France | AFP | A second person is in sustained remission from HIV-1, the virus that causes AIDS, after ceasing treatment and is likely cured, researchers were set to announce at a medical conference Tuesday. Ten years after the first confirmed …
Read More »How undemocratic practices breed corruption
Transparency International’s CPI 2018 tracks link between corruption and lack of citizen engagement Kampala, Uganda | RONALD MUSOKE | When Transparency International released its 2018 global corruption perceptions index on Jan.29, it found one damning indictment: corruption is flourishing more in countries where democratic foundations are weak. While releasing the …
Read More »UEGCL rushes CDAP plan ahead of Isimba launch
It remains unclear on how much consumers will pay for the electricity generated even as UEGCL plans to sell electricity to the national grid at US4 cents per unit Kampala, Uganda | ISAAC KHISA | The multi-billion dollar Community Development Action Plan at Isimba Hydropower Project has started, clearing the …
Read More »UK envoy moots urgent Uganda, Rwanda talks
Kampala, Uganda | THE INDEPENDENT | Britain’s envoy in Uganda Peter West has told URN in an interview that Rwanda and Uganda need to amicably resolve the matters that could have triggered growing animosity between the two neighbouring countries. “I think the best thing is a dialogue between the two countries. …
Read More »Why Katuntu COSASE wrote ‘weak’ report
Can Kasekende, Mutebile, Ssekabira, Bagyenda escape? Kampala, Uganda | HAGGAI MATSIKO | Fire. Prosecute. Jail. These appear to be some of the recommendations many expected to be in the report that Abdul Katuntu, the Bugweri County legislator and chairman of the Parliamentary Committee on Commissions, Statutory Authorities, and State Enterprises …
Read More »BATU records Shs13.7bn net profit
Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …
Read More »
The Independent Uganda: You get the Truth we Pay the Price