Bank of Uganda has moved to assure customers that Crane Bank will not collapse in spite of its current challenges. BoU took over the management of Crane Bank on Oct 20 citing under-capitalization. Speaking during the Annual Bankers Dinner in Kampala, BoU Governor Emmanuel Tumusiime-Mutebile (Pictured) said that it was …
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Chengalpattu, India | AFP | A small scythe, a crowbar and a bundle of canvas bags are all that Kali and Vedan carry when they venture into the fields of southern India to catch some of the world’s deadliest snakes. Their skills, passed from generation to generation of the Irula …
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Matia Kasaija, the minister for Finance and Evelyn Anite, the minister of State for Privatisation and Investment are locked in disagreement over the appointment of the Chairperson of Uganda Electricity Generation Board (UEGCL). Kasaija appointed Frank Katusiime to the post on Nov 9 but Anite preferred Eng. Proscovia Njuki and …
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Accra, Ghana | AFP | Two old foes are stepping back into the ring to fight in Ghana’s hotly contested presidential election on December 7. This is the second time that President John Mahama of the ruling National Democratic Congress (NDC) faces off against Nana Akufo-Addo, leader of the New …
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Up to 5000 students of Makerere University Business School MUBS are set to miss out on graduation due to the indefinite closure of Makerere University. MUBS holds its graduation ceremony together with MAK and cannot hold a separate function without the Senate approval of Makerere University. Since the university is …
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President Museveni has directed Finance Minister Matia Kasaija to bail out the financially constrained state broadcaster Uganda Broadcasting Corporation (UBC) to the tune of Shs20 billion. Reports indicate that the directive from the President was issued after UBC soaring debts reached Shs28 billion. In his letter, Museveni copied in ICT …
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Washington, United States | AFP | President-elect Donald Trump sent a dismissive tweet in response to a comedy sketch that mocked his penchant for sending tweets. Trump again lambasted the show “Saturday Night Live,” on which he is played by actor Alec Baldwin. But whereas on other occasions Trump has …
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Trial to open of former child soldier turned LRA warlord The Hague, Netherlands | AFP | Dominic Ongwen, the former child soldier who became a Lord’s Resistance Army warlord, will go before war crimes judges on Tuesday in a trial which presents the International Criminal Court with its “most difficult …
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Nairobi, Kenya | AFP | Three officials of the World’s Anti-Doping Agency (WADA) are expected in Kenya on Monday to begin audit of the country’s anti-doping programme. The Anti-Doping Agency of Kenya (ADAK) was formed in January 2015, but its laws only came into force in June this year after …
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Lagos, Nigeria | AFP | Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say. Nigerian Foreign Minister Geoffrey Onyeama said in a government video posted on Twitter on Friday that the pipeline would “go along …
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The Independent Uganda: You get the Truth we Pay the Price
