This system allows stakeholders real-time access to critical information, enabling them to make informed decisions about transactions and creditworthiness Kampala, Uganda | JULIUS BUSINGE | Uganda’s Savings and Credit Cooperative Societies (SACCOs) are grappling with a rising default rate, currently at 10%, which surpasses the industry cap of 5%. However, this …
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Kamuli, Uganda | THE INDEPENDENT | 10 supporters of the National Unity Platform-NUP have been granted bail. They were arrested last week while preparing for the visit of NUP President Robert Kyagulanyi. Kyagulanyi was slated to preside over a consultative meeting at Kananage Primary School. However, it was blocked by police, leading …
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Nairobi, Kenya | THE INDEPEDEPENDENT | Uganda Development Bank, is named the best bank in East Africa at the 18th edition of the Annual African Banker Awards. The country’s national Development Finance Institution, was on Tuesday named the Regional Bank of the Year – East Africa at the Annual African Banker …
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BERLIN | Xinhua | Bayern Munich have named Vincent Kompany as their new head coach, the club confirmed via its official website on Wednesday. The 38-year-old former center-back has signed a three-year deal that will keep him with Bayern Munich through June 2027. “We all agree at the club that …
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Kikuube, Uganda | THE INDEPENDENT | Residents of Kikuube have protested against Daqing Oilfield Construction Group Limited, a company that was subcontracted by CNOOC Uganda to undertake the construction of the crucial feeder pipeline from the Kingfisher Oilfield to the export delivery point. The company is accused of allegedly being behind …
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Lira, Uganda | THE INDEPENDENT | Lira City Town Clerk Theophilus Tibihika succumbed to respiratory failure as a result of lung edema and congestion. Tibihika died on Monday morning when the Toyota Hilux double cabin pickup number UAM 450V he was driving veered off the road and overturned multiple times along …
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Why VAT only makes sense if there is ‘value added’ to a product or service along the value chain COMMENT | PETER NYANZI | The ongoing fight between traders and the tax authorities is a clear indicator that the administration of Value Added Tax (VAT) has glaring gaps, which must be …
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Kampala, Uganda | THE INDEPENDENT | Over 80 judges and prosecutors from Uganda and the COMESA states have been undergoing training on the adjudication of financial crimes like money laundering and financing terrorism. The training arranged by the Financial Intelligence Authority, the Judiciary in Uganda, and the Common Market for Eastern …
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ABUJA, Nigeria | Xinhua | At least 30 suspected terrorists were killed recently when the Nigerian military launched a series of airstrikes on their hideouts in the country’s northern region, the air force said Wednesday. The airstrikes targeted the hideouts of the suspected terrorists in the northern states of Borno …
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Mbarara, Uganda | THE INDEPENDENT | The Minister of Local Government Raphael Magyezi has directed fresh verification of all Mbarara central market vendors. According to Magyezi, the President asked him to investigate and re-verify the vendors. Magyezi said that the markets constructed under The Markets and Agricultural Trade Improvement Project (MATIP) …
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The Independent Uganda: You get the Truth we Pay the Price
