By Onghwens Kisangala Two Non Governmental Organizations (NGOs), Anti Corruption Coalition Uganda (ACCU) and Platform for Labour Action (PLA) have teamed up to sue the NSSF over the purchase of land in Temangalo. Onghwens Kisangala caught up with the National Coordinator of ACCU Mr. Jasper Tumuhimbise. Why are you going …
Read More »NSSF enters fresh Shs 20bn land deal
By Agnes Asiimwe Workers’ Fund to finance new 20 storeys building in Nakasero This NSSF – Temangalo land purchase scandal could spoil the fortunes of some, especially those who were a heartbeat away from getting their hands on their own chunk of the workers’ fund, like the Uganda National Farmers’ …
Read More »What US financial crisis means to us
By Andrew M. Mwenda The financial meltdown in Europe and North America has continued in spite of the large sums of money governments have pumped into the financial markets to prop them up. On October 10th, both the Dow Jones Index in New York and the FTSE in London fell …
Read More »When criminals grace the pulpit
By Onghwens Kisangala Uganda is at the centre of a cultural twist; sodomy could be on the increase. With some people in society lukewarm to condemn it and others clandestinely engaged, a few men have come out openly to speak against it. Among them is Pastor Moses Solomon Male of …
Read More »Coping with global financial crisis
By Patrick Kagenda & Agencies American companies remain bullish As the American economy struggles to recover from the credit crunch and European economies jostle with rescuing their financial institutions, subsidiary of American companies operating in Uganda are maintaining an upbeat facade, claiming they are not affected by the American economic …
Read More »Global financial crisis: An interview with George Soros
By The Independent Team The following is an edited and expanded version of an interview with George Soros, Chairman, Soros Fund Management, by Judy Woodruff on Bloomberg TV. Judy Woodruff: You write in your new book, The New Paradigm for Financial Markets, that we are in the midst of a …
Read More »`Uganda banks not customer sensitive’
By Patrick Kagenda Kenya Commercial Bank Executive Director Mr Nok Bwondit speaks to The Independent’s Patrick Kagenda about how it intends to use its 110-year experience in the region’s banking sector to out-compete local players and other new entrants from West Africa and the Middle Eastern countries. Why did it …
Read More »Mbabazi takes NSSF saga to Museveni’s door
By The Independent Team When Parliament’s committee on Commissions, Statutory Bodies and State Enterprises winds up its public hearings of the Mbabazi-NSSF Temangalo land purchase scandal, it will be expected to produce a report in three weeks. This will cap nearly two months of public debate and political acrimony that …
Read More »Will Suruma survive the NSSF Scandal?
By Independent Team He appointed friends to board Temangalo money Used to pay loan The parliamentary investigation into the National Social Security Fund (NSSF) purchase of land belonging to Security Minister Amama Mbabazi continues to raise dust. Now, sources within the Parliamentary Committee on Commissions and Statutory Bodies say the …
Read More »I cannot refund NSSF money – Mbabazi
By The Independent Team The NSSF-Amama Mbabazi saga is now a mind game in which politics, business, and ethics are indecently mixed up. The Independent team talked to Amama Mbabazi to get matters back to the important issues. You appear to have a water tight case but you have people …
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