Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …
Read More »Over 200 set for CEO Summit 2021
Kampala, Uganda | THE INDEPENDENT | The 12th edition of the CEO Summit will be held virtually on September 17th, 2021. The CEO Summit, the largest gathering of Uganda’s leaders and private sector decision-makers, will bring together 200 corporate sector leaders from the private sector, the civil society, and the public …
Read More »RUGUNDA: I will not run for presidency in 2026
Kampala, Uganda | THE INDEPENDENT | Former Prime Minister Dr Ruhakana Rugunda,73, has dismissed reports indicating he will be a candidate for Presidential elections in 2026. “I have read social media postings and suggestions that I should run for President in 2026. I would like to make it known that …
Read More »New capital requirements for banks
Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …
Read More »Uganda Airlines close to Interline Partnership with Air Tanzania, Precision Air
Dar es Salaam, Tanzania | AIRSPACE AFRICA | Uganda Airlines is finalizing negotiations with Air Tanzania and Precision Air to seal interline partnerships and enhance collaboration within the region According to aviation website Airspace Africa , the news was revealed by the Ugandan national carrier’s country manager for Tanzania, Lucy Ismail while …
Read More »Afghans in Uganda
Why Museveni accepted them, and the risks Kampala, Uganda | RONALD MUSOKE | On Aug. 17, Ugandans woke up to the news that the government had agreed to temporarily host about 2,000 Afghan refugees following a request from the U.S government. Until then, many Ugandans had known about the …
Read More »Gen. Lokech’s death and Museveni’s Police problem
The fallen Deputy Police chief was one of the President’s most trusted lieutenants but he had an improbable task Kampala, Uganda | IAN KATUSIIME | When Maj. Gen. Paul Lokech was appointed Deputy Inspector General of Police, he sought advice from someone close to State House on how to approach …
Read More »Kampala Traders protest new textile taxes, rent arrears
Kampala, Uganda | THE INDEPENDENT | Kampala City Traders Associations say this will protest against the new tax policy on imported textile fabrics and garments. The traders say they are considering several actions to show displeasure over the textile tax, and also the failure by landlords to waive rent arrears …
Read More »Lokech; the passing of a giant
The life and work of the former Deputy Inspector General of Police who made a lasting contribution to Uganda THE LAST WORD | ANDREW M. MWENDA | On the morning of Saturday August 21, I was driving to Fort Portal but got a puncture 20km before Mityana. While trying to …
Read More »Terrorist threats on the rise
UN report points at ADF, ISIL, al Qaeda Kampala, Uganda | THE INDEPENDENT | Aug. 26: A suspected suicide bomber identified as Katumba Abdul aka Ben was arrested by military intelligence personnel in Pader Town Council with an assortment of home bomb making materials. These included already assembled bombs, …
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