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 …

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 …

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. …

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 …

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 …

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 …

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 …

By Onghwens Kisangala Next month, the minister of Finance will engage in the annual ritual of reading the Budget to Parliament. The question, however, is whether this time round we will get our national priorities right. The Independents Onghwens Kisangala talked to Prof. Edward Kakonge, the Board Chairperson of Uganda …

By John Njoroge Opposition Forum for Democratic Change (FDC) party’s decision to sue members of the Joint Anti-Terrorism Taskforce (JATT) and security minister John Patrick Amama Mbabazi for the torture and inhuman treatment of among others, Francis Atugonza; its secretary for industry and trade and mayor of Hoima town, has …

By Patrick Kagenda A 73% decline in the value of off-shore investments has forced Bank of Uganda to rethink its policies. BoU Deputy Director of Research, Charles A. Abuka, told a workshop organized for forex bureau operators that the bank was reviewing its fiscal policy programs to fit in with …