Insurer’s losses more than triple to Shs 6.39bn in 2018 Kampala, Uganda | ISAAC KHISA | Cooperative Insurance Company Africa Uganda Ltd, commonly known as CIC insurance, recorded a sharp drop in profits last year but management assures its shareholders that everything is in control. The company’s financial results for …
Read More »BRAC Uganda now a commercial bank
The lender records a 21% drop in net profit to Shs 17.2bn in 2018 owed to increased expenditure Kampala, Uganda | ISAAC KHISA | BRAC, one of the largest microfinance providers in Uganda, has become middle-sized commercial bank also known as a Tier II credit institution, paving way for its …
Read More »Taxes ‘eat’ into Barclays Bank profits
5% drop to Shs68bn in net profit Kampala, Uganda | JULIUS BUSINGE | Huge taxes paid to Uganda Revenue Authority (URA) has seen Barclays Bank Uganda Limited record a 5% drop in net profit to Shs68bn for the year ended December 2018. Barclays bank financial results released on April 25 …
Read More »Behind the Good Country Index
Simon Anholt the co-founder of the Good Country Index has since 2014 been challenging governments around the world to harmonize their domestic with international responsibilities by cooperating and collaborating more without necessarily losing their competitive edge. He shared his views with The Independent’s Ronald Musoke in an email interview What …
Read More »Repression increasing across Africa
: But if freedom is weakening, so is popular demand for it | PETER PENAR AND CAROLYN LOGAN | In recent months, persistent protesters in Algeria and Sudan have faced down government repression to depose long-time political leaders. Unfortunately, these two countries are the exception rather than the norm. More …
Read More »Why solar street lights make sense
They reduce its upfront costs by 25%, electricity costs by 40%, and maintenance costs by 60% | ANDREW SUDMANT AND ANDY GOULDSON | Street-lighting is important. It allows informal vendors and traders to operate for longer hours and improves road and public safety. It also makes streets feel safer and …
Read More »Total E&P-led oil project approved
Environmental activists raise concerns on NEMA’s role Kampala, Uganda | RONALD MUSOKE | Total E&P has secured the green light for its major oil project also known as Tilenga to proceed after 10 months of evaluations by Uganda’s environmental body. Total E&P said the approval by the National Environment Management …
Read More »Behind teargas for Besigye, house arrest for Bobi Wine
Should opposition trust NRM promise to allow opposition meetings? Kampala, Uganda | IAN KATUSIIME | A meeting between leaders of government and political parties on April 25 to discuss how the Uganda Police is implementing the Public Order Management Act (POMA) went badly for the Leader of Opposition in Parliament …
Read More »The road to serfdom
How Ugandans have cultivated a mindset that is making them servants of foreigners in their own country THE LAST WORD | ANDREW M. MWENDA | My friend Henry Mayanja left Uganda as a teenager and lived in the UK for 20 years. He worked for the UK government earning a …
Read More »Lessons to Bobi Wine from Besigye
It’s defiance or death Kampala, Uganda | HAGGAI MATSIKO | An eventful five days from Easter Monday April 22 to Friday April appears to have made something snap in Kyadondo East MP, Kyagulanyi Sentamu aka Bobi Wine’s head. It appears that the police’s restriction of his political and musical activities …
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