They want government to create centralized data system on debt | THE INDEPENDENT | Uganda government should enhance transparency during the acquisition of loans so as to improve accountability for the acquired loans according to civil society organizations. Jane Nalunga, the executive director SEATINI Uganda, Patrick Tumwebaze, the executive director, …
Read More »Stanbic Holdings half-year net profit up 4.7% to Shs162bn
The first six months of 2022 presented a complex combination of ‘head’ and ‘tail’ winds that affected the economy | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has recorded a 4.7% growth in profit-after-tax for the first six months to June.30 to Shs162billion. This comes amidst an unpredictable operating …
Read More »Uganda and Tanzania renew commitment to secure EACOP
The two countries are harmonizing relevant laws and approval processes to hasten pipeline construction Kamapala, Uganda | RONALD MUSOKE | Senior officials from Uganda’s petroleum authority (PAU) and Tanzania’s energy and water utilities regulatory authority (EWURA)—the agencies that have regulatory powers over the oil industry in the two countries—have renewed …
Read More »No dividends for Umeme shareholders
The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …
Read More »Lighting up the Great Lakes
River Nile countries push for an interconnected power grid SPECIAL FEATURE | ESPOIR IRADUKUNDA & RONALD MUSOKE | It is 9am in downtown Bujumbura— Burundi’s commercial city, and the alleys are already crowded with buyers and sellers haggling noisily over prices of merchandise. They must shout to be heard because …
Read More »Idi Amin’s ‘economic war’
Uganda’s Africans were victimized as much as the Asians | DEREK R. PETERSON | Fifty years ago – in early August 1972 – President Idi Amin summarily decreed the expulsion of Uganda’s “Asian” (that is, Indian and Pakistani) community. Over 50,000 people were given a scant three months to tie …
Read More »Gen. Elly Tumwine, NRA historical and ex-minister of security, dies at 68
Kampala, Uganda | IAN KATUSIIME | RO/00023 Gen. Elly Tumwine who succumbed to cancer on Aug. 25 served the country in many capacities. Tumwine was taken ill in Nairobi weeks ago after his condition deteriorated. A loyal cadre to the National Resistance Army (NRA) and even more loyal to the …
Read More »Raila’s third petition
A comparison of Uganda and Kenya’s presidential election maneuvers Kampala, Uganda | IAN KATUSIIME | After a dramatic last day filing of his presidential election petition at the Supreme Court of Kenya challenging the outcome of the Aug.9 election, Raila Odinga was caught in the middle of a range of …
Read More »Stories from past African leaders
How prejudice has blinded us from seeing the reality of the politics right in front of our eyes THE LAST WORD | ANDREW M. MWENDA | Recently, a friend sent me a video of former Ghanian president, Jerry Rawlings, telling his experience as a former president to an Italian journalist. …
Read More »Uganda Airlines pay sparks equality demand
How government created an ‘eating’ bonanza COVER STORY | MUBATSI ASINJA HABATI | The Chief Executive Officer (CEO) of Uganda Airlines earns Shs87 million, the Director Maintenance Shs80 million per month, Chief Financial Officer Shs73 million, and Manager Finance shs58 million. Others are Human Resource Manager and manager Quality Assurance …
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