Tag Archives: Uganda

Kampala, Uganda | THE INDEPENDENT | In recognition of an uncertain economic environment, Absa Bank Uganda has announced special financing packages intended to help customers kick start the new year on a stronger footing. The enhanced financing offering targeting salaried individuals includes a 2-month repayment holiday upfront, 0% arrangement fees …

Hoima, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Project in Hoima will be one of the big oil and gas infrastructure projects to look out for in 2023 in Uganda and Africa. The 60,000 barrels per day refinery is one of the 70 new oil and gas projects that …

Madrid, Spain | THE INDEPENDENT | Ugandan long-distance ace Joshua Cheptegei on Saturday won the San Silvestre 10km road race in Madrid Spain. The double 5,000m and 10,000m world athletics record holder won the 10km race in 29:09.11. Mohamed Katir El Haouzi from Eritrea came second as he crossed the …

Kampala, Uganda | THE INDEPENDENT | The year 2022 has been that of ups and downs for Uganda’s electricity sector. From the flooding at Isimba leading to a national blackout to the return of load shedding and the enactment of the Electricity (Amendment) Act, of 2022. The Electricity (Amendment) Act, 2022 …

COMMENT | Sarah M. Chelangat |  For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means a …

SPECIAL FEATURE | THE INDEPENDENT | For over 20 years, Jennifer Nsita, mother of six and resident of Dwoli village in Hoima district, has been receiving medical treatment from Dwoli Health Center III. The 38-year-old says that at this facility, they are treated for illnesses such as malaria, cough, headaches …

The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Public debt is set to increase from the current 48.4 percent to 53.1 percent in the financial year 2023, according to the estimated budget for the financial year 2023/24 released by the Ministry of Finance. For a debt to be sustainable, particularly for developing …

Makerere University Convocation To Elect New Leaders Kampala, Uganda | THE INDEPENDENT & URN | Makerere University Convocation is set to elect a new executive Committee on December 30, 2022. However, the new leadership will not take office until April 2023. This was confirmed to URN by Dr. Tanga Odoi, the current Chairperson of …

Kampala, Uganda | THE INDEPENDENT | In a bid to start commercial silk production, Uganda under the Tropical Institute of Development Innovations (TRIDI) sent its first samples of silk yarn for testing in the European market branded “Usilk”. In a press statement dated Friday, December 16, 2022, TRIDI Director monitoring and …