Kampala, Uganda | THE INDEPENDENT | Amidst global calls on governments to increase funding for climate activities, Uganda is torn between allocating more of her resources to the cause and keeping the national debt levels in check. According to Uganda’s Nationally Determined Contributions as updated, in fulfilment of Article 4 of …
Read More »BOU: Currency change policy to determine fate of 1000 shilling note
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has clarified that the proposed replacement of the 1000 Shilling currency note with a coin will not affect its operation or legality when the coin is introduced. Rather, the two will continue being legal tender after the printing of the …
Read More »Commandant warns Police dog handlers against charging victims
Kampala, Uganda | THE INDEPENDENT | The commandant of the police canine unit, Commissioner of Police –CP Dr Martin Mugume has warned police officers against charging people to deploy sniffer dogs to crime scenes. Mugume in an interview with URN said nobody should be charged money even if it is …
Read More »Sniffer dogs aid arrest of 6,000 suspects in 6 months
Mukono, Uganda | THE INDEPENDENT | According to the latest criminal investigation statistics, 6,843 suspects have been arrested in the last six months with the assistance of police sniffer dogs. This is attributed to the robust breeding and training canine center in Nagalama, Mukono district. Dr. Martin Mugume, who heads …
Read More »Uganda Police needs 500 sniffer dogs to handle crime
Kampala, Uganda | THE INDEPENDENT | The Canine Police Unit has a deficit of more than 300 sniffer dogs, the commandant Dr. Martin Mugume has revealed in an interview with Uganda Radio Network. According to Dr. Mugume, Uganda needs over 500 sniffer dogs but only 200 are available currently. He …
Read More »BOU to give credit relief extension on a case by case basis
Kampala, Uganda | THE INDEPENDENT | Borrowers in sectors that are still experiencing heavy effects of COVID-19 and containment measures against the pandemic, will have credit relief measures extended by another 12-months, according to the Bank of Uganda. At the onset of the pandemic in Uganda last year, the local …
Read More »Economy at crossroads
Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …
Read More »COVID-19 cuts into Uganda’s ‘Kyeyo’ Money
Cost of sending money to Uganda remains high at 8.7%, double the (SDG) target Kampala, Uganda | RONALD MUSOKE | The COVID-19 pandemic that has ravaged the world over the last 18 months has cut by 26% the amount of money Ugandan migrant workers sent back home over the same …
Read More »Mob raids funeral, burns body and coffin of suspected kidnapper
Fort Portal, Uganda | THE INDEPENDENT | Angry residents in Mugura Cell, Rubingo Ward in North Division, Fort Portal Tourism City on Sunday set ablaze the body of Amos Mugume, a suspected kidnapper. As the burial arrangements were ongoing on Sunday, the mob stormed the house where the body was …
Read More »High interest rates explained
Government executives fail to provide viable options to lower interest rates as experts propose initiatives Kampala, Uganda | JULIUS BUSINGE | Uganda government’s over-reliance on borrowing from the local market is the main reason behind the high interest rates. This was the general assessment that stakeholders during a seminar held …
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