Kampala, Uganda | THE INDEPENDENT | While addressing the nation on December 30, 2021, President Yoweri Museveni lifted the two-year lockdown and fully opened all the sector of the economy. With most of the business returning to normal operations this month, start-ups within the education, creative and transport sectors received …
Read More »Five arrested in Lamwo for smuggling fuel from South Sudan
Lamwo, Uganda | THE INDEPENDENT | The police in Lamwo district has arrested five people for allegedly smuggling petroleum products from South Sudan into Uganda. The suspects were arrested on Wednesday in a joint operation conducted by the security personnel and enforcement officers of the Uganda Revenue Authority-URA. Lamwo Resident District Commissioner …
Read More »COVID-19 pandemic pushes 3 insurers out of business
But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …
Read More »Why Uganda cannot afford prolonged fuel shortage
Fuel shortage first sign of poor planning and uncoordinated troop movements COMMENT | Samson Tinka | Since last week, there has been scarcity of fuel across the country. Pump prices are up and many stations ran out of fuel. The situation became worse upcountry as some districts like Hoima had a …
Read More »Businesses reap as schools re-open
Privately owned schools and teachers owe financial institutions more than Shs1.5trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting …
Read More »Uganda’s 2022 economic outlook
Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …
Read More »Bobi Wine and NUP 2022 agenda
Stalled legislative agenda, rifts, and post-election campaigns beg for action Kampala, Uganda | IAN KATUSIIME | On Jan. 11, Bobi Wine, leader of the National Unity Platform (NUP), presided over a meeting of his party caucus at Busabala Beach outside the city to draw a roadmap for 2022. Top on …
Read More »Ambassador Ayebare in Kigali with special message
Kigali, Rwanda | THE INDEPENDENT | Uganda’s Permanent Representative of Uganda to the United Nations Amb. Adonia Ayebare has made another trip to Kigali, as efforts to mend relations with Rwanda continued today. Nearly two years ago, the presidents of Rwanda Paul Kagame and Uganda Yoweri Museveni signed an agreement in Angola …
Read More »Behind Uganda’s failing industries
Experts blame ‘weak’ govt, disjointed policies Kampala, Uganda | THE INDEPENDENT | In a new paper titled ‘The political economy of reviving industrial policy in Uganda,’ Pritish Behuria; a Professor in Politics, Governance and Development at The University of Manchester, attempts to explain why Buy Uganda Build Uganda (BUBU), a …
Read More »Oil investments to hit US $15bn
Beehive of activity expected says PAU boss Rubondo Kampala, Uganda | RONALD MUSOKE | The level of investments in Uganda’s oil and gas project is exciting, says Ernest Rubondo, the executive director of the Petroleum Authority of Uganda (PAU). And in 2022, Rubondo says, the government expects close to Shs11 …
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