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SWEDEN: Continued closure of DGF hurting Ugandans

Kampala, Uganda | THE INDEPENDENT | The Swedish Ambassador to Uganda Maria Håkansson has said that the continued closure of the Democratic Governance Facility-DGF is greatly affecting communities that were beneficiaries of its activities. DGF, the single biggest donor basket established by development partners was suspended early this year after …

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KCCA blamed by review board for supervision negligence

  Kampala, Uganda | THE INDEPENDENT | KCCA has been condemned by the National Building Review Board for failing to condemn an illegal structure that was flouting technical and legal standards until it collapsed and killed five people in the city earlier this month. The Board that has been investigating …

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New coffee act splits stakeholders

Kampala, Uganda | THE INDEPENDENT | The National Coffee Act 2021, gazetted on Monday this week, has sparked a huge debate, with many questioning several provisions in it. The new law repeals and replaces the 29-year old Uganda Coffee Development Authority Act, Cap. 325, and is meant to respond to …

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Equity Bank unveils electronic channel for forex transactions

Kampala, Uganda | THE INDEPENDENT | Equity Bank has unveiled EazzyFX, an innovative electronic channel that allows customers particularly Small and Medium Enterprises and corporates to settle forex transactions based on the day’s streaming rates. The channel will also enable customers to request for competitive quotes and prices for both the …

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BOU withdraws appeal against Sudhir

  BOU Governor Tumusiime Mutebile (left) and former Cranes Bank boss Sudhir Ruparelia (right). Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has withdrawn an appeal in their case – Crane Bank (In Receivership) against Sudhir Ruparelia and Meera Investments Limited. “Take notice that the appellant does not intend …

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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 …

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