By Independent Reporter The long awaited Credit Reference Bureau (CRB) and Financial Card System were on December 3 officially launched by Uganda’s Central Bank Governor Tumusime Mutebile and the Germany Ambassador to Uganda, Buchholz Reinhard. The new financial card will carry borrowers biodata and once swiped though a card reader …
Read More »EAC bourse integrate minus Tanzania
By The Independent Team Despite Tanzania’s resistance to cross-border investment, a position that contradicts the East African Community Customs Management Act, plans are going ahead to integrate the three major bourses within the region, namely the Dar es Salaam stock exchange, the Nairobi stock exchange and the Uganda securities exchange, …
Read More »Government is failing Makerere Prof. Lubobi
By Onghwens Kisangala Makerere University, Uganda’s oldest and most prestigious institution of higher learning has been in the news over fees hikes and student strikes, declining standards and dilapidated infrastructure. Inadequate staffing, poor remuneration, accommodation and congestion, high or low fees (depending on whom you talk to; student/parent or administrator) …
Read More »Museveni’s hand in CMI land scares investors
By Obed K. Katureebe When President Yoweri Museveni donated the 12 acre Plot 1 Kitante Road in Kampala to Kenya to build a high commission, he effectively kicked city tycoon Sudhir Ruparelia off a prime plot for the second time. The Independents Obed K. Katureebe reports how Museveni’s decision is …
Read More »Kony wants peace talks without signing deal, Museveni agrees
By Melina Platas Call it a broken record, a vicious circle, a merry-go-round but whatever you call it, the peace process between the Lords Resistance Army and the government is dead in the water; or rather, in the jungle. The most recent attempt to sign the Final Peace Agreement (FPA) …
Read More »Kagonyera most bruised in surprise NSSF sacking
By Onghwens Kisangala Finance Minister Ezra Nsuruma on December 4 suspended the National Social Security Fund (NSSF) Managing Director David Chandi Jamwa and his deputy Prof. Mondo Kagonyera. No official reason was given. The woes of NSSF leadership started when The Independent magazine broke the story about a deal between …
Read More »Uganda has a second chance to industrialise
By Juma A. Okuku In this fifth and second last part of our Insight series on late industrialisation, Juma A. Okuku looks at what role Uganda Investment Authority and Uganda National Council for Science and Technology can play in bringing about industrial transformation. The first part was published in Issue …
Read More »My husband? I don’t know him!
By Simwogerere Kyazze Affairs, reveal that corrupt employees have been finagling identity numbers of unsuspecting wenches from the national data bank, and passing them on to foreigners from all walks of life'”but mostly Bangladeshi, Egyptians, Pakistanis, Chinese and Nigerians (no surprise there). Once in possession of the ID details, the …
Read More »Agriculture: No budget, no food – Minister Onek
By Onghwens Kisangala The Independents Onghwens Kisangala talked to tAgriculture Minister Hillary Onek on the performance of the sector and how Uganda is dealing with food insecurity, high food prices and produce marketing. Agriculture is one of the most crucial sectors in the livelihoods of Ugandans but also is persistently …
Read More »Finance experts debate impact of global crisis
By Patrick Kagenda On November 28 the National Planning Authority organized a one day National public dialogue on the impact of the global financial crisis on Uganda. Dr. Abebe Aemro Selassie the IMF senior resident representative to Uganda was the presenter and Dr Emmanuel Tumusime Mutebile Uganda’s Central Bank governor …
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