`Systematic drug repositioning’ seeks to make drugs developed for one illness capable of treating another COMMENT | ARIS PERSIDIS & ANDREAS PERSIDIS | Producing effective medicines requires huge investments of time and money. The average drug on the market today spent a decade in the lab and in clinical trials, and cost …
Read More »Barclays profits up 30% to Shs72bn
Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …
Read More »Sitting harms brain health
And it doesn’t matter how much exercise you put in Kampala, Uganda | CATHERINE PADDOCK | Too much sitting may not be good for the brain, according to a preliminary study of adults who have reached middle age and beyond. Researchers from the University of California, Los Angeles (UCLA) discovered that …
Read More »How can Uganda boost its industrial sector?
Study shows sector is worse off today than it was eight years ago Kampala, Uganda | JULIUS BUSINGE | How has the Uganda’s Industrial Policy performed since it came into existence 10 years ago? Is it at par with the changing socio-economic issues? Will it be redesigned in such a …
Read More »Bank of Africa tips SMEs
Kampala, Uganda | THE INDEPENDENT | Bank of Africa’s Managing Director, Arthur Isiko, has tipped Small and Medium Enterprises (SMEs) on access to finance as a key aspect for business growth. Isiko was speaking at a business forum hosted by the Bank at Tick Hotel in Kawempe, a Kampala suburb on …
Read More »Crested Capital named ‘Broker of the year’
Kampala, Uganda | THE INDEPENDENT | At the Uganda Securities Exchange 20th anniversary celebrations that took place in Kampala recently, brokerage firm, Crested Capital was awarded the “Broker of the Year”. This meant it was the overall best broker in 2017 for key performance indicators of turnover, deals and volumes …
Read More »Optimism as govt, investors sign refinery deal
Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »Why BoU sells banks cheaply
Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
Read More »Thinking succession in Uganda
Why the failure of a third force has locked us in a choice between Museveni and Besigye THE LAST WORD | Andrew M. Mwenda | In debating whether President Yoweri Museveni should go or stay we are not indulging in an abstract theoretical exercise but a challenge of practical politics. …
Read More »Spy camera coming that knows what you are thinking!
Kampala, Uganda | THE INDEPENDENT | The data we share with companies online has become a hot-button issue, but new technologies could soon be scanning us as we go about our day. Our bodies give off various signals that can be scanned and analysed by advanced computer systems, revealing everything …
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