Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a loan request worth 1.39 Trillion Shillings for the refurbishment of the Kampala-Malaba Meter Gauge Railway Project. The approval in a plenary sitting Chaired by Speaker Rebecca Kadaga followed the approval of a report by the National …
Read More »CONGRATULATIONS PRESIDENT YK MUSEVENI
✅ CONGRATULATORY MESSAGE ON PRESIDENT YK MUSEVENI’S SIXTH TERM AS PRESIDENT 🇺🇬 ✳ The Ministry of Education and Sports wishes to congratulate His Excellency, President Yoweri Kaguta Museveni, upon his re-election for the sixth term as the President of the Republic of Uganda. Under his stable leadership, the Education and Sports sector has …
Read More »MAY 12: Army, police on full alert in all major towns
Heavy deployment in major towns ahead of Museveni’s swearing-in ceremony Masaka, Uganda | THE INDEPENDENT | The army and police have maintained deployment in major towns of the country ahead of President Museveni’s swearing-in ceremony on Wednesday. URN reporters in Masaka, Jinja, Mbale, Hoima, Luwero and West Nile have observed unusual …
Read More »Ugandan firms eye contracts as first oil approaches
After years of delay, multinational oil development in Uganda looks set to go ahead, but will local suppliers be able to reap a fair share of the business? | LIAM TAYLOR | In the 1990s Edward Kabuchu and his brother were mining tungsten in western Uganda when they were approached …
Read More »Kenya’s I&M completes majority acquisition of Orient Bank
What it means for clients and banking sector Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …
Read More »Standard Chartered Bank 2020 net profit down 42%
But, it recorded positive growth in assets and customer deposits amidst coronavirus pandemic threat Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank has reported a dip in profit after tax by 42% from Shs124bn in 2019 to Shs72bn in 2020, according to its financial results released on Apr.29. Overall …
Read More »Fire near CPS as Police warns troublemakers ahead of May 12 swearing-in
Kampala, Uganda | THE INDEPENDENT | Hours after Uganda Police Spokesperson CP Fred Enanga warned against parallel swearing-in ceremonies, and stated his forces readiness ahead of the swearing in of President Yoweri Museveni due Wednesday, a mysterious fire incident and case of a petrol bomb being hurled, have been reported. Kampala …
Read More »NUP: Kyagulanyi swearing-in claims a hoax to steal Museveni’s money
Kampala, Uganda | THE INDEPENDENT | The National Unity Party (NUP) has dismissed claims that their leader Robert Kyagulanyi is planning to hold a parallel presidential swearing ceremony. NUP says it is a cheap trick by security operatives to ‘steal money from President Yoweri Museveni’. NUP spokesman and MP Elect for …
Read More »Ministry of Water and Environment wants its own force to conserve environment
NRM MANIFESTO WEEK | The ministry of Water and Environment is planning to have its own force to protect forests and wetlands just like Uganda Wildlife Authority recruits and manages its game rangers. Sam Cheptoris, the minister of Water and Environment says this will help protect the dwindling forests better since …
Read More »Uganda on road to science and technology transformation
NRM MANIFESTO WEEK | As soon as the Science and Technology ministry was established in June 2016, an Innovation Fund was created. Since 2016 the ministry’s Innovation Fund has so far received a budgetary allocation of Shs50 billion. Armed with this money each year, the Ministry has been …
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