What it means for clients and banking sector Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …
Read More »Standard Chartered Bank 2020 net profit down 42%
But, it recorded positive growth in assets and customer deposits amidst coronavirus pandemic threat Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank has reported a dip in profit after tax by 42% from Shs124bn in 2019 to Shs72bn in 2020, according to its financial results released on Apr.29. Overall …
Read More »Rwanda’s genocide commemorations
Why they are infused with political and diplomatic agendas RWANDA | ANDRÉ GUICHAOUA | Created in 2003, the National Commission for the Fight Against Genocide is responsible for Rwanda’s genocide remembrance policy. It is a programme that has, over time, influenced all aspects of politics across all sectors. Each year, …
Read More »Pregnant women cry out
 Nurses check the progress of an expectant mother’s pregnancy at a hospital in Kampala city. COURTESY PHOTO Civil Society demand vote for maternal and reproductive Health to stop more mothers dying in the labour ward Kampala, Uganda | RONALD MUSOKE | Sylivia Nalubowa was pregnant with twins when she …
Read More »The new religious crusade
How the Christian faith has influenced Western intrusions into other countries to promote democracy THE LAST WORD | ANDREW M. MWENDA | I complained in this column last week about Western efforts to force their ideals, especially democracy, on other countries and societies without any consideration of time, context and …
Read More »Dominic Ongwen’s victims wanted tougher sentence
But why were Ongwen’s victims mourning alone? Kampala, Uganda | RONALD MUSOKE | It should have been marked by wild chants of “justice at last” or even criticism, but the oddest bit about the May 06 International Criminal Court (ICC) sentencing of former Lord’s Resistance Army (LRA) commander, Dominic Ongwen, …
Read More »THE INDEPENDENT: Ongwen victims wanted tougher sentence
Kampala, Uganda | THE INDEPENDENT |Â These are the top stories in this week’s THE INDEPENDENT. COVER STORY Dominic Ongwen’s victims wanted tougher extension:Â But why were they mourning alone? THE LAST WORD The new religious crusade: How the Christian faith has influenced Western intrusions into other countries to promote democracy ANALYSIS …
Read More »Somalia’s death knell of democracy
How a toxic political and security order backed by the AU is destroying the glorious past of Africa’s first democrats COMMENT | ABDI ISAMIL SAMATAR | By the mid-1990s, it was clear to the world that Somalia had become Africa’s first failed post-colonial state. But this vast country of just …
Read More »dfcu Bank ready to fund companies in oil and gas
CNOOC, dfcu points at post Final Investment Decision prospects Kampala, Uganda | JULIUS BUSINGE | dfcu Bank held a half day engagement for its clients and stakeholders in the oil and gas sector on Apr.28 following the government’s bold step to sign key agreements that will see the country get …
Read More »Solar power dealers face fines under new law
Players question UNBS’ ability to enforce standards | THE INDEPENDENT | Dealers in solar home systems that do not meet the newly completed standards face prosecution and fines under the amended law. The Uganda National Bureau of Standards recently released the new standards – US IEC TS 62257-9-8 and IEC …
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