By Onghwens Kisangala The opposition in Uganda has been blamed for not making the right preparations for the Presidential and Parliamentary general elections in 2011, resulting in public disillusionment about both the opposition and government. FDC Vice President for eastern Uganda, Salaam Musumba, explained to The Independents Onghwens Kisangala why …
Read More »Rwanda budget offers stimulus package
By Magnus Mazimpaka Rwanda increased its spending by 24%, the raise mainly acting as a stimulus package to protect the economy against the current global financial crisis. Expenditure increased to Frw838 billion this financial year 2009/10 from Frw674 billion last year. There was a slight increase of Frw26 billion from …
Read More »Who qualifies to be hero in Uganda?
By John Njoroge & Ogwens Kisangala In 2001 parliament passed the National Honours and Awards Act. This led to the formation of a nine-member Presidential Awards Committee responsible for vetting and approving Ugandans proposed to be crowned heroes. Since 1987, Uganda has had 22 Heroes Day celebrations. It is not …
Read More »2009/10 budget good but will it deliver?
By Andrew M. Mwenda The 2009/10 budget in Uganda once again presents the puzzle to many analysts of our nation. In spite of a world-wide recession (advanced economies declined by 7.5% in the last quarter of 2008), Uganda’s economy grew by 7%, an impressive performance by any standard. Indeed, growth …
Read More »Mobile money reshapes Uganda’s financial sector
By Patrick Kagenda As Zain (U) last week launched its Zap Mobile Commerce, a mobile phone based money transfer servicein Uganda in partnership with Standard Chartered Bank, in neighbouring Kenya Safaricom was launchinga similar service, Hello Money in partnership with Barclays Bank (K) Ltd. In Uganda, Standard Chartered Bank becomes …
Read More »Turmoil in oil sector
By Joseph Were Libyan companies pressure Shell, Total This month, the Kenya Petroleum Refinery Ltd in Mombasa is set to close for routine maintenance. As a result, Uganda could suffer disruptions in supply. The Mombasa refinery shutdown also comes at a time of significant developments in the fuel sector. Top …
Read More »Tamoil is only for the oil pipeline
By Patrick Kagenda The along awaited oil pipeline could be complete by the end of the year if everything goes according to plan. The Independents Patrick Kagenda talked to the State minister for Energy, Simon D`ujanga on the progress made. There are many types of Tamoil i.e. Tamoil Libya, Tamoil …
Read More »Heritage suspends trading on LSE
By Agencies It appears that Heritage Oil Ltd. is the subject of a takeover once again. According to a recent release issued by the company it is in preliminary discussions with a third party regarding a possible merger which would be treated as a reverse takeover under the Listing Rules …
Read More »Museveni’s State of the Nation address was hollow
By Bob Roberts Katende Last week President Yoweri Museveni delivered the state of the nation address to the country. In his address, he provided impressive figures on how the country had improved in various sectors of the economy. The president reminded the country of how the economy has stayed insulated …
Read More »Northern resettlement needs more support – Archbishop Odama
By Onghwens Kisangala For the first time in two decades, the Acholi sub-region has experienced about two years of relative peace. With people leaving the camps to resettle in their ancestral homesteads, the challenges of this process is yet another hurdle as John Baptist Odama, the Archbishop of Gulu Archdiocese …
Read More »