In The Magazine

The government’s decision to take over Nalubaale and Kira hydropower dams comes barely a year following a similar step on Namanve Thermal Power Plant. Kampala, Uganda | KHISA ISAAC | Ugandan government has repossessed assets of the country’s two oldest hydropower dams Nalubaale and Kira downstream of R. Nile in Jinja …

Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …

Kampala, Uganda | THE INDEPENDENT | The government finally acquired a 49 per cent share in Igongo Cultural Centre and Country Hotel located in Mbarara. The move follows the conclusion of the share acquisition deal last month. Igongo Cultural Centre located at Biharwe along the Mbarara-Masaka highway has emerged as a …

Kampala, Uganda | THE INDEPENDENT | On Tuesday, Members of the Parliament on National Economy inspected Entebbe International Airport to assess the actual progress of the ongoing construction works meant to expand the airport. The committee’s mandate to assess the performance of all loans and grants in Uganda comes after Uganda …

Kampala, Uganda | THE INDEPENDENT | Col Chris Sseruyange Ddamulira became the new military attaché for Uganda to Saudi Arabia with immediate effect. Col Sseruyange on Monday took over office from Maj Gen Michael Ondoga who has been serving in the position for three years but has since retired from active …

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank Limited has announced the appointment of Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank announced on April 6 through the media. Mudiwa brings on board over 26 years of experience in Banking, with strong business …

Kampala, Uganda | THE INDEPENDENT | Organisers announced that the East African business expo has now been pushed to May 4 to 7, 2023. The organisers also noted that the expo which was to be held at Kololo Independence grounds has been moved to KCCA Lugogo grounds. “We understand that many …

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police, John Martins Okoth Ochola made new changes and appointments affecting 69 police officers. In fresh deployments, transfers and appointments involving gazetted officers between the rank of Commissioner of Police (CP) and Assistant Superintendent of Police (ASP), CP Polly Namaye who …