NEWS

Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …

Kampala, Uganda | THE INDEPENDENT | Mityana Municipality Member of Parliament Francis Zaake Butebi has been granted bail and later re-arrested. Zaake was intercepted last night at around Clock Tower while on his way home. The arrest conducted by plain-clothed police officers follows failure by the MP to report for a …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Higher Education, John Muyingo has said government plans to take over Busoga University. Muyingo says that a team of officials from the National Council for Higher Education and auditors have been dispatched to the university to expedite the process of …

Kampala, Uganda | THE INDEPENDENT | Three people have died when a boat they were travelling in was hit by a Hippo. The accident happened on Lake Victoria, in areas adjacent to Lulamba Island, Kalangala District. The deceased persons were travelling from a nearby Buwuvu Island when they were hit and …

Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …

Kampala, Uganda | THE INDEPENDENT | The Permanent Secretary Ministry of Gender Pius Bigirimana has sued the Uganda Land Commission over a debt arising from land purchase. According to the documents filed before the Civil Division of High Court, Bigirimana says that on July, 22nd 2015 he sold his land located …

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended that Central Bank officials involved in the sale of loan portfolios for five defunct banks be held personally liable. The banks include International Credit Bank, Greenland Bank, Cooperative Bank, Global Trust Bank …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda should take full responsibility for any likely loss resulting from the closure of Greenland Bank. This is according to a report by Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Greenland Bank was in 1999 put under liquidation by …

Kampala, Uganda | THE INDEPENDENT | FINASI International will pocket Sh8 billion annually as interest for six years for the construction of the proposed International specialized Hospital in Lubowa in Wakiso district. The Committee on the National Economy is currently scrutinising government plans to guarantee a loan of Shillings 1.3 …

Kampala, Uganda | THE INDEPENDENT | Pope Francis will not be coming to Uganda this year.  This is according to the Uganda Episcopal Conference Secretary-General Msgr John Kauta. The Roman Catholic Church, through President Museveni, had invited the Holy Father for the golden jubilee celebration of the Symposium of Episcopal …