Kampala, Uganda | THE INDEPENDENT | Having trouble to decide which fruit to plant to generate income? Avocado could be a good bet. It can go on a toast, with pizza, morning katogo and make good juice. The growing demand for fruits both domestically and internationally has forced several farmers to …
Read More »Stanbic Bank rises dividend payout as profit surges to Shs 215bn
The lender’s cost cutting strategy delivered good returns Kampala, Uganda | ISAAC KHISA | Uganda’s largest commercial bank, Stanbic Bank, seem to have surprised its investors with a 7% growth in net profit to Shs 215bn in 2018, closing out the year that the banking industry generated some Shs 700bn …
Read More »Two arrested as police hunt for kidnappers of US tourist Kimberly
Kanungu, Uganda | THE INDEPENDENT | Two men have been arrested and are in custody as Uganda’s security continues the hunt for the four kidnappers of US tourist Kimberly Sue Endicott at Queen Elizabeth Park last week. Police spokesperson Fred Enanga confirmed to URN that there were some arrests made in …
Read More »Vision journalists injured as multiple crashes paralyze traffic at Lugogo
Kampala, Uganda | THE INDEPENDENT | Veteran New Vision journalists Elvis Basudde Kyeyune and Jeff Andrew Lule were injured in a road accident at Lugogo, along the Kampala-Jinja Highway as a heavy downpour hit Kampala this morning. Traffic flow was paralyzed for more than two hours at Lugogo -Industrial junction after …
Read More »Health Ministry replaces Super Cereal blended flour
Kampala, Uganda | THE INDEPENDENT | Ministry of Health has replaced Super Cereal maize blended flour with Super Cereal Plus and Ready- to- use Supplementary Food-RUSF packs and sachets respectively. The move follows the suspension of the distribution of Super Cereal flour by the World Food Programme-WFP last month. The …
Read More »Agriculture tops Uganda’s January loan portfolio
Kampala, Uganda | THE INDEPENDENT | Agriculture might be finally catching financiers’ eye, with money disbursed to farmers topping all other sectors in January, according to official figures. Statistics from the Finance and Economic Development Ministry show that agriculture received 28% (Sh 283bn) of all loans disbursed in January up …
Read More »Behind dfcu’s 52% decline in net profit
Top managers are optimistic the future of the business is bright Kampala, Uganda | JULIUS BUSINGE | Shareholders of dfcu would be happier if the bank’s financial accounts showed a decline in costs and increase in revenue. This is not the case for the financial year 2018. However, dfcu’s …
Read More »TRUMP: Uganda must find kidnappers of American tourist
Museveni vows ‘Uganda is safe’ after tourist kidnap Kampala, Uganda | THE INDEPENDENT | US President Donald Trump has demanded that Uganda must find the the kidnappers of American Tourist Kimberly Endicott. Although he welcomed Sunday’s release of the American held last week in Queen Elizabeth National Park, Trump said tourists will not …
Read More »‘Security errors were made before kidnap of US tourist’
Kampala, Uganda | THE INDEPENDENT | Tourism Minister Professor Ephraim Kamuntu has admitted that the kidnap of an American tourist and a Ugandan tour guide was a result of a security lapse by officials of the Uganda Wildlife Authority. Kimberly Sue Endicott and her Ugandan tour guide Jean Paul Mirenge …
Read More »ECONOMISTS: Overshooting govt expenditure will distort planning
Kampala, Uganda | THE INDEPENDENT | Economists have warned against over running government budgets saying the move will distort government’s planning processes. Recently, the Ministry of Finance, Planning, and Economic Development (MoFPED) released the Economic Performance report for January 2019. The report revealed that government spent Shs1.286 trillion instead of …
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