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The Independent

DPF pays depositors of closed ECF Microfinance

  Kampala, Uganda | THE INDEPENDENT |  The Deposit Protection Fund (DPF) has completed the payment of individually protected depositors of the closed EFC Microfinance Uganda. Last month, the Bank of Uganda placed EFC Uganda Limited under liquidation, revoked its license, and ordered the winding up of its affairs, citing a …

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Ogwang defends Netball Normalization Committee on allowances

Kampala, Uganda | THE INDEPENDENT |  Peter Ogwang, the State Minister for Sports, has come to the defense of the Netball Normalization Committee amidst allegations of failing to provide daily allowances to She Cranes players during the International Netball Series in Wales and England. Ogwang refuted media reports claiming that …

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UPDF clear railway line in Mayuge ahead of Tarehe Sita

Jinja, Uganda | THE INDEPENDENT |  Uganda People’s Defense Forces-UPDF officers from Magamaga dedicated their entire Monday to cleaning a section of the railway line in Mayuge district as part of the Tarehe Sita (February 6) celebrations. The railway line is adjacent to a market with a capacity for 1000 …

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Local currency under pressure from rising dollar

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates …

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