Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …
Read More »Lydia Mugambi’s artistic legacy celebrated in solo show
The selected artworks in the exhibition Imparted Impressions depict the artist’s distinctive style of painting influenced by European modernist art making techniques but also a delicate sense of freedom in choice of material, composition and subject matter. ART | DOMINIC MUWANGUZI | To say that Lydia Mugambi is one of the …
Read More »PostBank disburses Shs6bn of GROW loans
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …
Read More »Rwanda will deploy Marburg vaccine under trial as death toll rises to 12
ANALYSIS | AGENCIES | Rwandan health authorities will begin a vaccine study against the Marburg hemorrhagic fever, officials said Sunday, as the East African country tries to stop the spread of an outbreak that has killed 12 people. Rwanda, which received 700 doses of a vaccine under trial from the U.S.-based …
Read More »UEDCL takes over electricity distribution in Western Uganda
This becomes the fifth concession acquisition in the past seven years Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited (UEDCL) has officially taken over Kilembe Investments Limited (KIL), a rural power distributor in Uganda’s Western Service territory, marking the fifth concession acquired by UEDCL. The handover ceremony, held …
Read More »New York Times: Kamala Harris – The Only Patriotic Choice for President
As a dedicated public servant who has demonstrated care, competence and an unwavering commitment to the Constitution, Ms. Harris stands alone in this race ANALYSIS | THE EDITORIAL BOARD | It is hard to imagine a candidate more unworthy to serve as president of the United States than Donald Trump. He …
Read More »The new gang of four
China, Iran, North Korea, and Russia don’t have a formal defence alliance but they’ve formed an alignment driven by a shared dislike for the US-led world order COMMENT | RICHARD HAASS | The Gang of Four was the name given to four senior Chinese officials closely associated with some of the …
Read More »How a new generation of female activists are countering digital threats
ANALYSIS | IAN KATUSIIME | Safina Virani, a Ugandan feminist and activist, recalls a pivotal moment from about a year ago when her tweet against child marriage in the Middle East went viral. “I got bullied from all sides; Christians, Muslims, Arabs—they were like, ‘Oh, you westernized people, you American,’ because …
Read More »Rusumo hydropower project transforms lives in Burundi and its neighbours
Project is located at the common border of Rwanda and Tanzania on River Kagera ANALYSIS | RONALD MUSOKE | For any surgeon, one of the worst moments in the operating room is the sudden, gut-wrenching silence that comes with a power outage in the middle of a medical operation. Dr. Franck Arnaud …
Read More »Uganda’s central bank records 400% income surge to Shs 1.2 trillion
Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has recorded a fourfold increase in income, reaching Shs 1.2 trillion for the fiscal year ending June 30, 2024. This significant growth, as detailed in the Bank of Uganda’s Annual Report for FY 2023/24, marks a substantial rise from the Shs 277.8 …
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