Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor Dr. …
Read More »MV Pamba back in operation
Kampala, Uganda | THE INDEPENDENT | The MV Pamba ferry that has been grounded for the last 16 years has resumed operations on Lake Victoria. MV Pamba has been grounded at Port bell since 2005. The vessel was instituted in 1959 together with MV Kabaleega and MV Kaawa to boost business across East …
Read More »SEACOM acquires Africell Uganda assets, expands East African footprint
Kampala, Uganda | THE INDEPENDENT | SEACOM, the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament to the company’s commitment to providing, competitive end-to-end connectivity and ICT solutions across the …
Read More »TotalEnergies, CNOOC sign off $10bn Uganda oil project
First oil expected in 2025 Kampala, Uganda | RONALD MUSOKE | Finally, the international oil companies, TotalEnergies SE and the China National Offshore Oil Corporation (CNOOC) announced they are ready to produce oil in Uganda in a US$10 billion project. Reaching this point had taken a whopping 15 years of …
Read More »Parliament stays debate on cash transfer to teachers over PAC report
Kampala, Uganda | THE INDEPENDENT | Parliament suspended the debate on COVID-19 relief cash for teachers on Tuesday until the glitches reported during the government cash transfers in July 2021 are addressed. The government through Parliament appropriated Shillings 53.5 billion targeting 500,000 vulnerable persons affected by the second lockdown. However, the …
Read More »HISTORIC: Final decision on $10bn Uganda oil project
Kampala, Uganda | THE INDEPENDENT & URN | The joint venture partners in Uganda’s Oil and Gas sector have made the Final Investment Decision (FID) today. “The milestone marks a firm commitment from the IOCs to proceed with Uganda’s oil and gas projects and launches the major construction works,” Energy …
Read More »Mukono starts drive against child labour, rounds up 40 children
Mukono, Uganda | THE INDEPENDENT | Mukono Municipality law enforcement officers have rounded up over 40 children from the streets and markets in an ongoing operation aimed at ensuring that youngstar return to school. The arrested children also include those accused of harassing people for money on streets within Goma …
Read More »Masaka unhappy with delay to gazette Parish Model guidelines
Masaka, Uganda | THE INDEPENDENT | Masaka City and Local Governments have expressed concern over the government delay to gazette guidelines for implementation of the Parish Development Model-PDM. The Parish Development Model program which was allocated Ushs200billion this financial year with each parish supposed to get Ushs19.1 million is the …
Read More »GCC Services wins camp contract for major Uganda Oil Project
Agility unit will provide upstream camp support for Total Energies’ Tilenga project Dubai, United Arab Emirates | THE INDEPENDENT | GCC Services, a leader in integrated remote site services, has been selected by international engineering and construction giant McDermott to provide camp services for the Tilenga Project Upstream Facilities in …
Read More »Who will replace Mutebile?
Kampala, Uganda | THE INDEPENDENT | There is no doubt that the fallen Bank of Uganda Governor Emmanuel Tumusiime Mutebile was an iconic figure, having spent at least 30-years as a top economic and financial technocrat of the government of Uganda. For this, his replacement is poised to raise interest and excitement …
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