Analysts welcome move but fear bloc is expanding too fast Kampala, Uganda | RONALD MUSOKE | Just eleven days after the Democratic Republic of Congo ratified the East African Community Treaty on July 11, the bloc’s leaders agreed to fast-track the verification of Somalia’s application to join the community. Sitting …
Read More »Public debt: CSOs urges on transparency, accountability
They want government to create centralized data system on debt | THE INDEPENDENT | Uganda government should enhance transparency during the acquisition of loans so as to improve accountability for the acquired loans according to civil society organizations. Jane Nalunga, the executive director SEATINI Uganda, Patrick Tumwebaze, the executive director, …
Read More »Stanbic Holdings half-year net profit up 4.7% to Shs162bn
The first six months of 2022 presented a complex combination of ‘head’ and ‘tail’ winds that affected the economy | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has recorded a 4.7% growth in profit-after-tax for the first six months to June.30 to Shs162billion. This comes amidst an unpredictable operating …
Read More »Uganda and Tanzania renew commitment to secure EACOP
The two countries are harmonizing relevant laws and approval processes to hasten pipeline construction Kamapala, Uganda | RONALD MUSOKE | Senior officials from Uganda’s petroleum authority (PAU) and Tanzania’s energy and water utilities regulatory authority (EWURA)—the agencies that have regulatory powers over the oil industry in the two countries—have renewed …
Read More »No dividends for Umeme shareholders
The electricity firm H1 profits increased by 33% to Shs64bn Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives …
Read More »Uganda becomes training destination for world athletes
Training camps in Kapchorwa ✳ Cheptegei Training Centre ✳ Taryet elite athletics training facility Kampala, Uganda | THE INDEPENDENT | Uganda is becoming a popular training spot for the world’s elite athletes, with Kapchorwa the favourite destination for long distance stars, and Kampala and Jinja for short and middle distance …
Read More »Kasese on high alert after ebola out-break in neighbouring DRC
Kasese, Uganda | THE INDEPENDENT | Health authorities and local leaders in Kasese district have cautioned residents, particularly those living closer to the border areas over the outbreak of Ebola in the neighboring Democratic Republic of Congo. Last week, the regional office for Africa of the World Health Organization-WHO, said …
Read More »Idi Amin’s ‘economic war’
Uganda’s Africans were victimized as much as the Asians | DEREK R. PETERSON | Fifty years ago – in early August 1972 – President Idi Amin summarily decreed the expulsion of Uganda’s “Asian” (that is, Indian and Pakistani) community. Over 50,000 people were given a scant three months to tie …
Read More »Security tight at Gen Tumwine’s home
Kazo, Uganda | THE INDEPENDENT | There is heightened security at the country home of the late former Security Minister, Gen. Elly Tumwine in Mukuru Village in Kazo district ahead of his burial on Tuesday. A top security officer told our reporter on condition of anonymity that they …
Read More »Gen. Elly Tumwine, NRA historical and ex-minister of security, dies at 68
Kampala, Uganda | IAN KATUSIIME | RO/00023 Gen. Elly Tumwine who succumbed to cancer on Aug. 25 served the country in many capacities. Tumwine was taken ill in Nairobi weeks ago after his condition deteriorated. A loyal cadre to the National Resistance Army (NRA) and even more loyal to the …
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