COVER STORY: Chinese angry with Museveni An investigation by The Independent shows that sparks are flying between President Yoweri Museveni and his Chinese lenders, Exim Bank, on one hand and between Ministry of Energy officials and of the Uganda Electricity Generation Company Ltd (UEGCL) on the other. Trouble is over …
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New York, United States | AFP | Thomson Reuters announced a new “streamlining” plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits. “Our core subscription businesses are moving in the right direction, our cost controls …
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VIDEO: The country’s public broadcaster Uganda Broadcasting Corporation is said to be on the verge of collapse after it indicated to parliament that it’s failing to realize revenue to run its daily activities. Officials of UBC, that is currently at the heart of a land bonaza by different players, appeared before …
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Washington, United States | AFP | White House hopeful Hillary Clinton said the proposed mega-merger of AT&T and Time Warner “raises questions and concerns” and merits further study. AT&T and Time Warner, home of CNN and HBO, have said the proposed $108.7 billion deal will benefit consumers as they gird …
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VIDEO: Legendary Ugandan sports commentator and sports TV host, the late Andrew Patrick Luwandagga has been laid to rest. Luwandagga was buried Monday afternoon in Kawempe, Wamala. Before the burial, a requiem service was held at Namirembe Cathedral, where family, relatives and friends gathered to pay their last respects. Share …
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New York, United States | AFP | AT&T on Saturday unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes. The stock-and-cash deal is valued at $108.7 billion including debt, and gives a value of $84.5 …
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New York, United States | AFP | Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expected before Monday’s trading …
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COVER STORY: President Yoweri Museveni and his technocrats are struggling to find a serious investor for the refinery project that only two years ago, major Russian, Chinese and South Korean banks and companies worth billions of dollars were fearlessly fighting for. THE LAST WORD: Andrew Mwenda wades into the war …
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London, United Kingdom | AFP | Britain’s Independent newspaper said Thursday it had returned to profit for the first time in more than 20 years, after ditching its print edition and going exclusively online. The left-leaning paper published its final print edition in March, the latest shake-up for the British …
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VIDEO: After conforming to the regulations and standards of the Uganda Media Council, NBS television has been certified as an authentic media house and a number of staff accredited fully to practice journalism in Uganda, as required by the Press and Journalists’ Act of 1995. The Media Council will renew this …
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The Independent Uganda: You get the Truth we Pay the Price