New hi-tech Katosi plant cheaper, cleaner Kampala, Uganda | RONALD MUSOKE | Sprawled on 25 acres near the shores of Lake Victoria in a quiet village in Mukono district and about 50km east of Kampala, the new Katosi water treatment plant is designed to produce 240 million litres per day. …
Read More »To whom it may concern
A frank memo to those demanding that we purchase credibility at the price of mutilating of our beliefs THE LAST WORD | ANDREW M. MWENDA | A section of the Ugandan talking heads have made a fetish of “credibility”, particularly the sort of “credibility” purchased by denouncing President Yoweri …
Read More »On Mwenda’s self-destructive impulses
Why not exploit opportunities for public private partnership instead of focusing on loans from local banks? COMMENT | RUGABA AGABA | Andrew Mwenda’s “Uganda’s self-destructive impulses” in the Independent Magazine of August 9, 2021 raises interesting perspectives on Uganda’s banking industry and local capital development for social economic transformation. Whereas …
Read More »Taking on Francis Bacon
Between Bacon and Mwesiga there’s often a striking connection in studio deftness and philosophy Kampala, Uganda | DOMINIC MUWANGUZI | Francis Bacon was an Irish-born artist whose obsession with raw and unsettling imagery earned him global recognition as one of the most sought after artists of his generation. His abstract human figure portraits were expressive of his inner persona and daily engagement with …
Read More »IN THE INDEPENDENT: Kampala water supply doubles
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. THE LAST WORD To whom it may concern: A frank memo to those demanding that we purchase credibility at the price of mutilating of our beliefs COMMENT The environment and Uganda’s oil activities: It is …
Read More »Gen Paul Lokech; Lion of Mogadishu dies at 55
OBITUARY | IAN KATUSIIME | Maj. Gen. Paul Lokech has since his death been described as daring and brave. That is how he earned the ‘Lion of Mogadishu’ moniker during his first tour of duty in Somalia as the contingent commander of Ugandan troops from 2011 to 2012. He died …
Read More »Stanbic Bank to extend $100m to critical sectors at special interest rates
Sam Mwogeza is the head, Consumer and High Net Customers at Stanbic Bank Uganda. He spoke to The Independent about the lender’s plan to finance the country’s economic comeback from the pandemic. You have had a successful first half of the year, judging by your Shs 154.9bn net profit. Does …
Read More »Umeme concession talks limits capital mobilization efforts
The utility company saw its net profit more than double to Shs48.2bn Kampala, Uganda | ISAAC KHISA | Lack of clarity on renewal of Umeme’s operating licence in 2025 is limiting its ability to raise more capital and make capital investments in the electricity distribution network. The utility company, which …
Read More »dfcu profit after tax up 33%
Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …
Read More »New capital requirements for banks
Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …
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