Kampala, Uganda | THE INDEPENDENT | All bills passed by the 10th Parliament but have not yet been assented to by the President have automatically lapsed, Speaker of parliament Jacob Oulanyah ruled today. Speaker Oulanyah told parliament today that all the bills that have lapsed both Govt and Private have …
Read More »Sanlam unveils Income Fund
The product could be a solution for pension funds seeking to diversify their holdings Kampala, Uganda | ISAAC KHISA | Sanlam Investment East Africa has unveiled Sanlam Income Fund in a bid to raise more capital for various investments but also provide favourable returns to investors. This new product places …
Read More »New blood for NSSF board
Finance Minister Matia Kasaija wants tangible results Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has appointed Peter Kimbowa, a team leader at the CEO Summit Uganda– a private sector Think Tank and managing Partner at IFE Consultants, as the pension fund’s …
Read More »How multilaterals exaggerate Africa risk
Without reforms in decision-making at multilateral institutions, African economies will continue to be erroneously branded as poor quality investment destinations | HANNAH RYDER | Jeff Bezos, founder of Amazon and now space traveller, is famous for his observation that “your brand is what people say about you when you are not …
Read More »Airlines protest as UAE-bound passengers dodge COVID-19 tests
Entebbe, Uganda | THE INDEPENDENT | Some officials from Ethiopian Airlines, Fly Dubai and Emirates are concerned that some passengers have tested positive for COVID-19 or dodged taking tests at Entebbe International Airport amidst restrictions from United Arab Emirates-UAE. The officials say much as less than 50 people are traveling …
Read More »Family of man shot by tax enforcers demands sh15m compensation
Arua, Uganda | THE INDEPENDENT | The family of a 23-year-old man who was shot by a Uganda Revenue Authority (URA) enforcement officer in Arua district are demanding Sh15 million in compensation. Phillian Anguni, a resident of Anzuu village in Vurra sub-county Arua district was shot on the right thigh …
Read More »Naguru seeks land, National Referral hospital status
Kampala, Uganda | THE INDEPENDENT | Naguru Hospital is in the process of transforming to become a national referral hospital that will specialize in handling trauma and emergency services. But there’s no plan yet for expanding in terms of space. Even at its level as a general hospital now, the …
Read More »RDC halts allocation of space in new Tororo market
Tororo, Uganda | THE INDEPENDENT | Nixon Owole the Tororo Resident District Commissioner has ordered the municipal council authorities to halt the ongoing allocation of space to vendors in the new market. According to Owole, his office and that of the District Police Commander have received several reports and complaints from market …
Read More »Minister Ogwang camps in west to asses projects performance
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Economic monitoring Peter Ogwang has said they will carry out an audit on all Government loans to assess their performance and progress. According to Ogwang, the Audit will be conducted to assess the number of loans in the country, …
Read More »NDA raids Kampala pharmacies, impounds drugs worth sh46 million
Kampala, Uganda | THE INDEPENDENT | The National Drug Authority has impounded drugs worth sh46 million from 22 outlets within Kampala. The drugs were got during a 12-day enforcement operation after NDA were tipped off that some pharmacies and drug shops were operating without valid licenses. The operation also targeted …
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