Kampala, Uganda | THE INDEPENDENT | It is a constitutional right for every Ugandan to have access to information but this provision of the Constitution has been breached by the prolonged ban on internet use and poor network coverage, MPs have noted. Members of Parliament are concerned that at the time when …
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Bumpy business terrain hurts multinationals
Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …
Read More »Universities to get high speed internet
World Bank and Knowledge Consulting Ltd hatch $52bn plan | THE INDEPENDENT | Ugandan universities and other post-secondary education institutions could get hooked on the high-speed internet while some students and teachers get free laptops under a proposed plan by the World Bank and Knowledge Consulting Ltd. The ambitious Africa …
Read More »SME body speaks out on government’s budget plan, COVID-19 and economy
Kampala, Uganda | THE INDEPENDENT | John Walugembe, the executive director of Federation of Small and Medium Sized Enterprises Uganda has urged the government to practically implement its proposed economic recovery programme in a bid to improve peoples’ livelihoods. Walugembe speaks for the umbrella/business association that brings together over 112,000 micro, small …
Read More »Govt looks to ‘Emyooga’ to tame adverse effects of COVID-19
Kampala, Uganda | THE INDEPENDENT | The government is still banking on the wealth creation program dubbed Emyooga to tame the adverse effects of the COVID-19 pandemic on the economy this financial year. According to the Ministry’s economic performance for July, the COVID-19 pandemic continues to have a significant bearing …
Read More »Mutebile keeps central bank rate at 6.5%
Says private sector credit growth remains subdued driven largely by low demand Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s decision to keep the central bank rate unchanged at 6.5% in the next three months has sent a signal to the market that Covid-19 containment measures are still a …
Read More »Opposition moots amendments to media laws
Kampala, Uganda | THE INDEPENDENT | The Opposition in Parliament is mooting for an amendment of the Uganda Communications Commission (UCC) Act and other media laws in the country in order to safeguard the freedom of the fourth estate. The UCC Act regulates the communications sector which includes telecommunications, broadcasting, radio …
Read More »Financial markets, exchange rates likely to remain stable
Stanbic Bank has just held its annual financial market event that brings together its clients and investors to share views on trends and outlook on financial markets, foreign exchange and interest rates. The media had an interaction with the Head of Trading at Stanbic Bank Ronald Muyanja and he shares …
Read More »Deputy IGP appoints new ICT Commanders
Kampala, Uganda | THE INDEPENDENT | The Deputy Inspector-General of Police, Maj Gen Paul Lokech, has overhauled commanders in the directorate of Information Communication and Technology-ICT. This is in a bid to improve timely response to crime incidents captured by Closed Circuit Television –CCTV security cameras, The latest reshuffles of …
Read More »Gov’t yet to disburse UGX 1.4Bn relief cash
Kampala, Uganda | THE INDEPENDENT | 1.4 Billion Shillings is yet to be disbursed to vulnerable people as Covid-19 relief cash. This was revealed by Julius Kakeeto, the Post Bank Chief Executive Officer and the Executive Director Andrew Kabeera on Friday while appearing before the joint parliamentary team, comprising the Public and …
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