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Tag Archives: Uganda

dfcu profit after tax up 33%

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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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