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The Independent

New Vision alerts shareholders of another loss making year

Kampala, Uganda | THE INDEPENDENT | There will little to cheer for the second year running for investors in The New Vision Printing and Publishing Company Limited, as the company prepares to announce a loss for the half-year ended July 2024. This comes as the revenues of Uganda’s largest media company …

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Kyambogo considers hike in tuition to pay part-time lecturers

Kampala, Uganda | THE INDEPENDENT | Kyambogo University is facing a staffing crisis that has forced its management to resort to part-time lecturers. It is considering a tuition increase to address budgetary shortfalls. Prof Eli Katunguka, the Vice-Chancellor, notes that the university has  404 full-time teaching staff members out of an …

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Govt asked to rescue Ugandan students stranded in Iran

Kampala, Uganda | THE INDEPENDENT | Igara West MP, Gaffa Mbwatekamwa, has called on government to account for and rescue Ugandan students stranded in Iran following an alleged fake scholarship scheme coordinated through the Office of the National Chairman of NRM Party in Kyambogo. Mbwatekamwa said that the 100 students were …

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BoU cuts interest rate to boost economic activity

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has reduced is base interest rate for the first time since April this year, from 10.25 to 10 percent as inflation seems tamed. BoU’s policy targets an inflation rate of not more than 5 percent in the medium term, and in …

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Musk says ready to interview Harris

NEW YORK, the United States | TASS | US billionaire and celebrity entrepreneur Elon Musk said that he is ready to interview not only Republican presidential nominee Donald Trump, but also his Democrat rival, Kamala Harris. “I’m open to it,” he wrote on his X page, commenting on a suggestion …

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Export credit agencies roar back in Africa

Sub-Saharan Africa is experiencing a renewed focus, with infrastructure projects receiving a significant boost ANALYSIS | FELIX THOMPSON | There was a rebound in export credit agency activity in Sub-Saharan Africa last year, as agencies struck big-ticket deals across infrastructure and renewable energy sectors, fresh data shows. In its annual State …

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Seven Ugandan schools closed in Ntoroko as floods set in

KAMPALA, Uganda | Xinhua | Ugandan authorities said at least seven primary and secondary schools have been closed in the western district of Ntoroko due to floods caused by heavy rainfall. Edward Bashungura, the resident district commissioner for Ntoroko, told Xinhua Wednesday over the phone that the heavy rains had …

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