Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …
Read More »Come to the stock market for capital
Uganda Securities Exchange tells manufacturers recovering from COVID-19 pandemic stress Kampala, Uganda | JULIUS BUSINGE | As manufacturers weather the tough times caused by COVID-19 lockdown and related restrictions, executives at the Uganda Securities Exchange say, doors are open for raising capital to reboot business activities. Speaking on behalf of …
Read More »Can MTN’s new CEO fix current troubles?
The South African telecom firm plans to refocus on Africa and mobile money | THE INDEPENDENT | MTN Group’s new CEO Ralph Mupita is expected to manage by capitalising on technological growth and demographic dividends within Africa to cement its position as the continent’s largest telecom services provider. He comes …
Read More »Japan gives Uganda exports zero tariff and zero quota
Kameda Kazuaki, the outgoing Japanese Ambassador to Uganda spoke to The Independent’s Ronald Musoke about his four year stay in the country. You are leaving Uganda after close to four-and-half years. What are some of the memories you carry back home? Uganda is such a nice country to live;especially when …
Read More »Jubilee insurance sells majority stake to Germany’s Allianz Group
Currently, the regional insurers commands the largest market share in Uganda’s general insurance business Kampala, Uganda | ISAAC KHISA | Regional insurer, Jubilee Holdings Ltd, is selling between 51% and 66% stake of its operating subsidiaries engaged in short term general insurance business across the region to the Munich-based Allianz …
Read More »Fagil Mandy urges Ugandan teachers to get side hustles
Kampala, Uganda | THE INDEPENDENT | Two top renowned educationist have weighed in on the situation of teachers in the COVID-19 era, and advised the teachers in Uganda to embrace entrepreneurship at the same time as they continue imparting knowledge. Ahead of the education institutions re-opening for candidates and finalists, …
Read More »Poor in West Nile get cash relief
Sweden gives Shs 14.8bn to vulnerable pregnant mothers impacted by COVID-19 Kampala, Uganda | RONALD MUSOKE | Up to 56,000 pregnant and breastfeeding mothers and children under the age of two, including refugees living in the West Nile region are set to receive emergency money in the coming weeks, thanks to …
Read More »How to ensure transparency in Uganda’s oil and gas sector
COMMENT | Hillary Turyatunga | Uganda’s efforts to join the Extractives Industries Transparency Initiative (EITI) that were first expressed in the 2008 National Oil and gas policy recently saw Uganda joining the initiative, making it the 54th country in the world and 26th in Africa to subscribe. EITI is a …
Read More »Kampala residents lack food
More towns also affected, according to experts Kampala, Uganda | PATRICIA AKANKWATSA | People living in towns are likely not to have food in the right amounts and nutritious value in the coming months, according to experts from 15 international organisations is who monitor such issues.They include United Nations agencies like …
Read More »Bobi Wine warned
Fights in NUP threaten opposition chances Kampala, Uganda | MUBATSI ASINJA HABATI | Bobi Wine’s party, the National Unity Platform (NUP) umbrella is being heavily shaken by winds of independent candidates who want to stand against the party’s endorsed flag bearers in the 2021 elections. But, according to several veteran opposition …
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