Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has announced a new range of lock-down measures to control the rapid spread of COVID-19 in the country. Private and public transport has been suspended for 42 days, except when carrying patients. All places of worship and sports events are also suspended. …
Read More »DRC is Uganda’s top trade surplus partner – BoU
Kampala, Uganda | THE INDEPENDENT | The Democratic Republic of Congo (DRC) was Uganda’s number one source of trade surplus in 2020 according to Bank of Uganda trade statistics, and road projects launched yesterday by President Museveni and his DR Congo counterpart Felix Antoine Tshisekedi will likely further boost Uganda’s trade …
Read More »Strong political parties are necessary evil
Often blamed for causing violence and instability, they can bring stability and development if well harnessed COMMENT | MUKALAZI DEUS MUBIRU | President Museveni’s dislike for political parties is not a secret. He banned political parties once he captured power in 1986 and only allowed to have them back on …
Read More »Mixed performance for private sector activities
Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …
Read More »World Bank: Uganda can achieve inclusive growth by investing in climate-smart agriculture
The report says macroeconomic recovery and stimulus packages must be combined with measures that will spur a green, resilient, and inclusive growth Kampala, Uganda | THE INDEPENDENT | In Central Uganda, school children in Kisubi are learning about fish farming and integrated aquaculture, which help to reduce pressure on dwindling …
Read More »Kayunga District LCV Chairperson Sserubugo dead, suicide suspected
Mukono, Uganda | THE INDEPENDENT | The newly elected LCV Chairperson Kayunga District Ffefeka Sserubugo is dead. Sserubugo is alleged to have committed suicide on Tuesday night. According to Hellen Kyomuhendo, the acting District Police Commander Mukono, Sserubugo’s body was found by relatives hanging on a tree this morning. Police …
Read More »Banks post third profit decline in 10 years
Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …
Read More »Insurance sector records slow growth in premiums
IRA hopes that 2021 will be a better year compared with last year amidst the new wave of coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Enhanced distribution and sustainable growth in the uptake of medical and life insurance policies helped Uganda’s insurance industry to record a 9% growth in …
Read More »Inside Uganda’s Shs44.7trillion spending plan
Human capital, security and governance take lion’s share of the 2021 national budget | THE INDEPENDENT | Uganda’s newly appointed State Minister for Planning Amos Lugolobi on June.10 unveiled the contents of the 2021/22 national budget to the public. Setting out the government’s tax and spending plans for the year …
Read More »EDUCATION: Why the sector is ripe for digital disruption
ANALYSIS | THE INDEPENDENT | On June 6, 2021, President Museveni delivered his much-anticipated speech in his second address to the nation since the newest wave of the COVID-19 pandemic hit the country. With scores of students infected according to recent media reports, the president only confirmed a lockdown many …
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