Community in Bunyoro lives under terror of primates. But who is to blame? Kampala, Uganda | JIMMY SIYA| Kasooha central forest reserve in Kasongoire Parish in Masindi District, in the Bunyoro region of western Uganda is chimpanzee country. The large apes are terrorising residents. They eat their crops, attack children …
Read More »COMMENT: Africa’s path to development
Economists are confident that Africa’s development model will be different from that of East Asia COMMENT | BRAHIMA COULIBALY | Recent projections indicate that several Sub-Saharan African countries will experience robust economic growth over the next five years. By 2023, around one-third of the region’s economies will have grown at an …
Read More »Banks remain the major channel for money laundering-FIA’s Asubo
Kampala, Uganda | AGNES E NANTABA | Sydney Asubo is the Executive Director of Financial Intelligence Authority (FIA). He spoke to the Independent’s Agnes E Nantaba about the status of money laundering in Uganda and efforts to combat it. What encompasses your management style? My philosophy has essentially remained the same …
Read More »COMMENT: Meaning of banking sector results
Mobile money to the rescue as banking sector remains too shallow to leverage financial inclusion COMMENT | ENOCK NYOREKWA TWINOBURYO | In line with statutory requirements, all banks are supposed to publish their financial statements by the end of April of each year. The published banks’ results for 2017 are …
Read More »Uganda Clays steady profit growth
Competition from other clay products makers threatens its further increase in sales Kampala, Uganda | ISAAC KHISA | Clay products maker, Uganda Clays Limited (UCL), has recorded a steady profit growth for the second year running citing increased marketing and the decision by the majority shareholder, National Social Security Fund, …
Read More »Rethinking ban on importing used cars
Gov’t could lose nearly Shs200bn annually; thousands of jobs at risk Kampala, Uganda | JULIUS BUSINGE | Supporters of a ban on import of cars older than eight years would be much happier if the current law, The Traffic and Road Safety Act, 1998, is amended. But opponents, however, say it …
Read More »Why would anyone buy this signing machine for Shs1.3bn?
Kampala, Uganda | THE INDEPENDENT | Swiss watchmaker Jaquet Droz recently unveiled a name signing machine, which replicates your signature to perfection. It costs US$365,000 (Approx. Shs1.3 billion). The target market includes celebrities or other famous people who spend a lot of time signing documents, and busy business people who do …
Read More »New HIV drug a game changer?
TLD to be available in July but experts warn of sustainability of supply and lack of sensitization Kampala, Uganda | FLAVIA NASSAKA | Starting in July, HIV/AIDs patients picking their Anti-Retroviral (ARV) drug refills might notice a difference; they might be given prescriptions of one pill a day instead of …
Read More »Nigeria, China in currency swap
Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …
Read More »Isimba dam contractor refurbishing school
Kampala, Uganda | THE INDEPENDENT | China International Water and Electrical Corporation (CWE), the contractor of the 183MW Isimba Hydro power project is refurbishing old structures of Mbulamuti Primary School found in Kamuli district a few kilometers away from the site where dam construction is taking place. Speaking at the …
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