Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …
Read More »NSSF contributors to earn Shs 1.38 trillion
This is the lowest interest rate in the past 10 years citing mid-term payments and a tough economic environment Kampala, Uganda | PATRICIA AKANKWATSA | The National Social Security Fund contributors are set to earn 9.65% interest on their savings for the financial year 2021/22 translating into Shs1.38 trillion. …
Read More »Digital happiness: Uganda ranks 98th on the global index
The country’s internet is 35% worse than global average Kampala, Uganda | RONALD MUSOKE | Uganda is ranked 98th out of 117 countries when it comes to its citizens’ digital well-being, according to the 2022 digital quality of life index published on Sept.28. The study conducted by The Netherlands-based Surfshark, …
Read More »UBL holds forum to boost Buy Uganda Build Uganda policy
Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Limited hosted farmers to a forum to discuss the potential to scale up farming to supplement government efforts to see manufactures embrace full sourcing of raw materials they use in their production processes locally. The forum which run under the theme Agriculture as …
Read More »Ebola deaths climb
Researchers once again scramble to launch trials during a crisis | THE INDEPENDENT | A multipronged international effort has begun to pull out all the stops to launch trials of experimental Ebola vaccines in Uganda, which declared an outbreak of the deadly disease on 20 September. According to the most …
Read More »Ashok Leyland launches new Phoenix 3.5 tones light commercial vehicle in Uganda
Kampala, Uganda | THE INDEPENDENT | Commercial vehicle manufacturer Ashok Leyland, have launched a new light truck to offer Ugandan businesses a versatile product with higher loading span, higher payload and better driving comfort to ensure profitability. Ashok Leyland is a flagship of the Hinduja Group which boasts 74 years …
Read More »Uganda internet most expensive in world
Government aware of harm to ICT use and innovations, growth in digital financial services, e-commerce, e-government | THE INDEPENDENT | The cost of internet use in Uganda is the highest in the world, according to research by Surfshark; a cybersecurity company based in the Netherlands that deals in virtual private …
Read More »Reggae lovers to enjoy fest on the Nile next month
Jinja, Uganda | THE INDEPENDENT | After two years off because of Covid-19 induced lockdown, Reggae on the Nile Fest is back and will be held on November 4- 5. The organisers said, the break off was used to assess and re-imagine the festival and determine what direction was …
Read More »EU resolution on EACOP
‘It’s engagement with the EU, not insults that will unlockUganda Oil project’ Kampala, Uganda | RONALD MUSOKE | As the fallout from the “emergency resolution” passed on Sept.15 by the European Parliament continues to rattle sections of Ugandans, one of the local civil society organisations that track developments in Uganda’s …
Read More »Rwanda genocide trial starts in Hague
Felicien Kabuga faces three counts of genocide and two counts of crimes against humanity | THE INDEPENDENT | A UN tribunal in The Hague has opened the genocide trial of a Rwandan businessman captured two years ago after decades on the run. The suspect, Felicien Kabuga, decided to boycott the …
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