The News Today

COVER STORY: Why the bail-out group will get money In spite of the public furor against the proposed financial bail-out to distressed companies, the companies will eventually get the financial relief because the tycoons have been courting Gen. Salim Saleh, Museveni’s younger brother, who has been influential in running government …

The Ministry of Health will spend $9m in an Indoor Residual Spraying (IRS) exercise to fight and manage a malaria epidemic in Northern Uganda. Indoor spraying will be carried out in 10 epidemic districts this September. The districts were selected based on the malaria burden, giving priority to those with …

Uganda Revenue Authority (URA) collected sh11.23 trillion, 400 billion less than targeted for the fiscal year 2015/16. Despite the shortfall on the target, the tax figures represented a growth of 15.60% (sh1.5 trillion) from the previous year’s figure of sh9.7 trillion collected in revenue.  URA has now been taxed to …

President Yoweri Kaguta Museveni has said companies that sold goods to the government of South Sudan and have not been paid will be considered for a bailout. Museveni told Uganda’s Political Leadership Retreat at the National Leadership Institute (NALI), Kyankwanzi that these companies require government intervention because they are exporting …

Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …

National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

What is driving soldiers to kill, commit suicide? Recently, on June 6, Sergeant Isaac Obua, a UPDF soldier attached to Makindye Military Barracks in the southeastern division of Kampala sent the nation in shock when he shot and killed seven people including children. He was shot and killed by his …

The death on July 16 of John Bosco Kyeyune, the renowned leader of the Mt Sion Prayer Centre Bukalango – also known as Mukajanga- could not have come at a more crisis-filled moment for the Catholic Church of Uganda. Earlier in March, Archbishop Lwanga had suspended Mukajanga over activities related …

Lagos, Nigeria | AFP | Nigeria on Sunday celebrated two years without a new case of polio, in a major stride towards Africa being declared free of the devastating disease. If no new case is reported by July 2017, Nigeria will be certified free of the virus, which mainly affects …