By Patrick Kagenda BoU says it has no means of forecasting value of currency A top Bank of Uganda official last week confirmed the continuing depreciation of the shilling. Mary Katalikawe, the director for research at the central bank spoke as the world’s leading financial market analysts predicted that the …
Read More »Crane Bank launches Visa Credit Card
By Patrick Kagenda Crane Bank has launched its Visa credit card. The new card will enable holders to use a small plastic card issued by the bank to pay for goods and services based on a line of credit from the bank as a cash advance. All card holders will …
Read More »Gun killings expose Museveni weakness
By The Independent Team Top Pub killing of 9, Mbabazi shooting raise questions about the state of the PGB, military Providing security to Ugandans was once high on the list of priorities of President Yoweri Museveni’s government. In his inaugural speech in 1986, President Museveni announced: ‘The second point in …
Read More »In Uganda we have both dictatorship and inefficiency
By Margaret Wakuri Madanda Colin Barigye’s piece ‘œFreedom Vs efficiency’ that appeared in The Independent (Issue 058) made interesting reading. Barigye takes on Andrew Mwenda’s seeming inconsistencies. He cites examples that when President Kagame, for instance, punishes corrupt officers, Mwenda praises him yet when President Museveni does the same, Mwenda …
Read More »Scorecard is bitter pill for MPs to take – Pulkol
By Onghwens Kisangala Last week, David Pulkol, the Director of African Leadership Institute (AFLI), was schedulled to present AFLIs parliamentary performance scoreboard prior to the release of the report on the performance of MPs. The MPs protested. The Independent’s Onghwens Kisangala talked to Pulkol about the issues surrounding the matter. …
Read More »MTN ceding ground, Warid biggest gainer
By Independent Team & Agencies New study predicts mobile penetration hits 40% A new report from Pyramid Research indicates that mobile penetration in Uganda is expected to increase from 39 percent in 2009 to about 70 percent by 2014. This jump will be driven by the successful liberalization of the …
Read More »Chamber of Commerce in rift over Global Fund cash
By Patrick Kagenda As the Global Fund scandal nears a turning point following the conviction of Teddy Sseezi Cheeye for corruption and the list of suspects growing every other day, it has sucked in the Uganda National Chamber of Commerce and Industry over Shs 380 million received from the Global …
Read More »Mini oil refinery to go ahead“ D’Ujanga
By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …
Read More »New insurance scheme enters Uganda market
By Patrick Kagenda A new insurance company offering rare insurance services has entered the Uganda market. Africa Trade Insurance (ATI) is a multilateral political and credit risk insurer that recently opened shop in Uganda. But its major challenge is to sell itself to the local insurance firms as most of …
Read More »Dictatorships don’t serve the people; they give privileges to their cronies
By Andrew M. Mwenda Dear Colin, I read your letter regarding my views on the President of Rwanda, Paul Kagame, with interest and disappointment. Although you raise some legitimate issues, I was disappointed by its innuendoes and insinuations where you accuse me of being “journalist of fortune” and of ‘selling …
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