Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …
Read More »PROPERTY: Judge advises Ugandan cohabiting couples to sign contracts
Kampala, Uganda | THE INDEPENDENT | The head of the Civil Division of the High Court Judge Musa Ssekaana has advised unmarried couples staying together to sign agreements that will streamline the ownership of property so that when the relationship breaks down, they have some legal cover. Ssekaana was ruling …
Read More »Bishop Baharagate was a great shepherd of the flock
Baharagate Bows Out after 53 Years of Episcopal Journey Hoima, Uganda | THE INDEPENDENT | The Catholic community in Uganda is mourning the death of Dr. Albert Edward Baharagate Akiiki, an eminent figure who served as Bishop of Hoima Diocese from 1969 to 1991. The bishop, who was 93 years old, …
Read More »Leveraging the International Chamber of Commerce
How Ugandan MSME can benefit from its focus on strengthening the institutional capacity of Chambers of Commerce & Industry COMMENT | David Bikhado Ofungi | The past decade has been associated with a revaluation of what corporate citizenry means. For a long time, companies were happy to park the Corporate Social Responsibility …
Read More »EACOP: Negotiator determined to die for land
Buliisa, Uganda | THE INDEPENDENT | Fred Balikenda, of Kirama Village, Kigwera Sub-county in Buliisa District is determined to die for his land unless the government and TotalEnergies pay him Sh200 million for his house and his pigs that reportedly starved to death. Balikenda is one of the nine Project …
Read More »New bail guidelines still being tested
Kampala, Uganda | THE INDEPENDENT | The Judiciary has said that the new bail guidelines launched about a year ago to supplement the existing laws are yet to be fully implemented. In June last year, Chief Justice Alfonse Owiny-Dollo issued the Constitution (Bail Guidelines for Courts of Judicature) Practice Directions …
Read More »QUARTER 1: Shilling should buoy in 3650-3850 trading range in short term
SPECIAL FEATURE | THE INDEPENDENT | Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open 2023? The currency opened the year trading at the 3715/3725 levels at the beginning of January 2023. QN: What were …
Read More »America, Uganda partnership should mature into Trade – US Officials
Kampala, Uganda | THE INDEPENDENT | The United States Mission has underscored a need for it’s partnership with Uganda to mature into one that is based on trade and shared policy priorities. This comes at a time when the U.S. Agency for International Development (USAID) marks its 60 years of partnership …
Read More »Uganda’s tourism sector on a path to recovery
International visitor arrivals increase by 59% during the year Kampala, Uganda | JULIUS BUSINGE | Uganda recorded a 59% increase in international visitor arrivals to 814,508 in 2022 signalling a recovering tourism sector from the effects of the coronavirus pandemic. The report released by the Ministry of Tourism Wildlife and Antiquities …
Read More »Uganda to open new passport centre in Beijing
Kampala, Uganda | THE INDEPENDENT | The Ministry of Internal Affairs announced that it will open a new passport centre in Beijing, China in May as one of the ways to ease the issuance and renewal of passports for Ugandans in that part of the world. The ministry spokesperson, Simon Mundeyi …
Read More »