January Kampala, Uganda | THE INDEPENDENT | January is known as a ‘dry month’ both literally and figuratively, therefore when news broke of a shady bonus payment to government officials, there was a sustained ire and condemnation from the public. The intense backlash set the pace for a year dominated by …
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YEAR IN REAVIEW: January, 2017 Kampala, Uganda | THE INDEPENDENT | Jan 9: President Yoweri Museveni restructured command of the army; naming Maj. Gen. David Muhoozi to the top job of Chief of Defence Forces (CDF) with Maj. Gen. Wilson Mbadi as the Deputy CDF. But the real attention was on …
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Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …
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Kampala, Uganda | THE INDEPENDENT | Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit. Fabian Kasi, the managing director of Centenary Bank said the new partnership re-affirms the lender’s commitment to …
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Kampala, Uganda | THE INDEPENDENT | On Dec.14, dfcu Bank in partnership with Price Waterhouse Coopers (PwC) and NTV Uganda rewarded Geneber Outspan Organic Farmers with Shs 25million after emerging as the overall winner of the nationwide campaign targeted at driving a savings and investment culture in Uganda. The campaign, which …
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Kampala, Uganda | ISAAC KHISA | Sanlam General Insurance Uganda has appointed two senior executives in an ongoing re-organisation of the firm’s management following the US$6.5 million acquisition of Lion Assurance Company (LAC) and rebranding last month. Ambrose Kibuuka has been appointed as General Manager, Commercial Business Division and Donato Laboke, …
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Kampala, Uganda | THE INDEPENDENT | Dubai-based carrier, Flydubai, has unveiled flights out of Kilimanjaro International Airport in Tanzania, expanding its network in Africa to 12 destinations. The carrier will offer six flights a week to Kilimanjaro, three of which are via a stop in the capital, Dar es Salaam bringing …
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The foolishness & falsehoods Kampala, Uganda | FLAVIA NASSAKA | One of the enduring sights from the Dec.18 session of parliament to debate amending Article 102 (b) will be that of Allan Ssewanyana, placing his buttocks on the table of parliament and stretching his hand across to grab a report that …
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Kampala, Uganda | THE INDEPENDENT | Kenya’s telecom firm, Safaricom, has relaunched its Internet-enabled digital TV decoders in the market a year after it suspended sales to address technical malfunctions, according to Business Daily. The telco started selling the Safaricom Digital TV and Internet Box for Kshs 9,999 (Shs350, 000) at …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme, is to invest $155 million during 2018 to among other things, refurbish old networks, build new power sub-stations and improve the network across the country. The firm’s Deputy Managing Director, Sam Zimbe, said they have submitted an investment plan for the …
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The Independent Uganda: You get the Truth we Pay the Price