On March 31 2016, the total value of all loans in Uganda’s commercial banking industry was Shs21.7 trillion of which Shs528 billion were non-performing loans (or “bad loans”) i.e. 2.64% of the total. Under the effective oversight of Bank of Uganda, especially its director for supervision; Justine Bagyenda (known in …
Read More »Kayihura in trouble over brutality
Will Museveni back or sack police chief? On July 12, dozens of police officers assisted by militia goons pounced on jubilating supporters of de facto opposition leader Kizza Besigye in downtown Kampala city and clobbered them with sticks and metallic cables, and even run over one man with a police …
Read More »ART: Diving into the deep
History in Progress Uganda (HIPU), the historic photograph collecting and publishing team has published yet another archive. Once again it is from St. Mary’s College Kisubi, one of the most prestigious schools in Uganda, writes Dominic Muwanguzi. Titled ` Dive into the Deep: Ebifananyi 6’, it is a sequel to …
Read More »Mystery of the coco de mer
As an artist in the Seychelles, the seed of a palm tree called the coco de mer or `coconut of the sea’ found in this idyllic cluster of islands of 93,000 people, never ceases to fascinate me. It is huge and strangely formed of two domed parts that, depending …
Read More »Gladys Zikusooka: Uganda’s first vet doc for the wild
Visiting Dr. Gladys Kalema Zikusooka’s office in Entebbe one quickly gets a sense of what her work is about. A life-size gorilla sculpture stands by the front door under a porch lined with beautifully made stools with pictures of gorillas. Zikusooka, who is Uganda’s first Veterinary doctor to specialize in …
Read More »In The Independent: IGP Kayihura in trouble over brutality
COVER STORY: IGP Kayihura in trouble over brutality How unrelenting police brutality has increasingly put Gen. Kale Kayihura’s job as Police chief on the line with Parliament, security officers and the general public putting President Museveni’s trusted lieutenant in the line of fire. LAST WORD: Uganda’s much discussed bail-out …
Read More »Uganda pension assets up 25%
Pension sector assets topped Shs 6.5 trillion in 2015, a new report by the Uganda Retirements Benefits Regulatory Authority (URBRA) has shown. URBRA CEO David Nyakundi told journalists that the increase in the assets was attributed to the improving quality of governance in both public and private schemes in the …
Read More »NSSF’s stock market woes
2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE). Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety. Some 21% of NSSF’s total value is in equities, with 73% …
Read More »EU, EAC trade conundrum
Barely eight weeks to the October 01 deadline for the East African Community (EAC) to sign the Economic Partnership Agreement (EPA) with the European Union (EU), one would expect the regional bloc to be handling the issue with a degree of urgency. Apart from Kenya, the rest of the member …
Read More »Doctors killing pain wrongly
Pain, the unpleasant physical and sometimes emotional experience, is almost analogous to being alive. Doctors divide pain into two types; acute and chronic. Chronic pain is that which lasts longer than a month whereas acute is that which goes away when it’s cause ceases. Chronic pain, doctors say, often begins …
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