Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, or …
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Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …
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PostBank Uganda has officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. Kampala, Uganda | THE INDEPENDENT | The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial institution that …
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Mityana, Uganda | THE INDEPENDENT | The police have so far arrested 29 people suspected to be members of a new rebel group “Uganda Coalition Forces of Change –UCFC. Last month, Police dispatched teams from the Crime Intelligence and the flying squad under the command of Edward Ochom, the Director of …
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Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions-DPP Jane Frances Abodo has instituted a team of prosecutors to try businessman Hassan Basajjabalaba and his brother on charges related to forgery of a court order and evading tax worth sh20 billion. The case had stalled for seven years …
Read More »Arua, Uganda | THE INDEPENDENT The Uganda Premier League game between Onduparaka FC and KCCA FC was on Monday abandoned after Onduparaka supporters invaded the pitch. The fans were protesting a decision by the referee to award KCCA a penalty. Before the game at the Green Light Stadium in Arua …
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YEAR ENDER: Remembering 2021 January 2nd President Museveni directs Ministry of Finance to halt activates of DGF, a huge donor facility, with a Shs500 billion fund over its operations in the country without Cabinet approval. 14th Uganda holds presidential and parliamentary elections. President Museveni contests against several candidates with main …
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Nearly 60 villages in Kayunga district are set to be connected to the national electricity grid to boost the socio-economic status of the population, according to Eng. Harrison Mutikanaga, the managing director at the Uganda Electricity Generation Company Limited. Kampala, Uganda | THE INDEPENDENT | Mutikanga, who was accompanied by …
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Gulu, Uganda | THE INDEPENDENT | Wildfires have destroyed more than 1,400 acres of sugarcane in Ayuu Alali parish in Palabek Kal Sub County in Lamwo district. The Chairperson Ayuu Alali Sugarcane Outgrowers Cooperatives Society, Francis Ojwiya, says that the fire broke out from sugar plantations that had already been …
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Kampala, Uganda | THE INDEPENDENT | Makerere University has re-advertised over forty undergraduate courses after failing to get the targeted number of applicants. This comes a week after the university published admission lists for the 2021/2022 academic year. The university with the capacity for over 4000 students, has specific targets …
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