DFCU DEAL: Taxpayer stands to lose Shs300bn Kampala, Uganda | HAGGAI MATSIKO | When Juma Kisaame; the Managing Director of DFCU Bank, looks at its latest financial results, he might have reason to smile and to worry. The bank’s latest financial results have excited shareholders but are also …
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Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …
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Four years later, Youth Livelihood Programmeimplementers assess its impact Kampala, Uganda | HAGGAI MATSIKO | A business venture by a group of eleven youth in Katebe Village, Kamwenge district is thriving after they got a Shs 7.7 million interest free loan in 2015 from the Youth Livelihood Programme (YLP); a …
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Documents leak in Bagyenda, Mutebile fight Kampala, Uganda |HAGGAI MATSIKO | An unprecedented revolt which happened recently at Bank of Uganda against the Governor Tumusiime Mutebile, has led to a spilling of the central bank’s darkest secrets and could potentially damage its reputation and hurt the economy. At its centre …
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TUMUKUNDE SACKING: How Museveni played `inner circle’ politics Kampala, Uganda | HAGGAI MATSIKO | By the time he fired the former Minister for Security; Lt. Gen. Henry Tumukunde, President Yoweri Museveni had been resisting pressure from within his inner circle to act. Tumukunde’s sacking was not an easy decision because he …
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Museveni appoints Gen.Tumwine, Magyenyi to bring ‘infiltrated’ police under Military’s thumb Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni on Sunday March 04 moved to clean up the shabby image of the country’s security agencies when he fired Police Chief Gen. Kale Kayihura and Security Minister Lt.Gen. Henry Tumukunde. Although …
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Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …
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Telecoms protest State House move to monitor business Kampala, Uganda | HAGGAI MATSIKO | A fight is raging between telecom operators on one side, and the Uganda Communications Commissions (UCC), the Uganda Police Force, and State House on the other, over moves to monitor the Shs44 trillion mobile money business. At …
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The politics behind calls to censure Kasaija, fire Muhakanizi Kampala, Uganda | HAGGAI MATSIKO | Recently, according to State House sources, President Yoweri Museveni was on phone with Secretary to the Treasury, Keith Muhakanizi. He sounded to be in no mood for pleasantries. “I am tired of this,” the president …
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Museveni is the problem, insiders say Kampala, Uganda | HAGGAI MATSIKO | Efforts by an undercover team to study areas of wastage in government departments with a view to make public service delivery leaner, less costly, and more effective fear running into trouble from an unlikely source; President Yoweri Museveni. This …
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The Independent Uganda: You get the Truth we Pay the Price