Out of UGX38.8 bn that was disbursed to 5,505 groups, on average, only 26.7% was recovered from the youth country wide. Kampala, Uganda | THE INDEPENDENT | A 2018 audit report by the Office of the Auditor General (OAG) has revealed that almost Sh28.4billion may never be recovered as …
Read More »Buganda and EAC political federation
Katikkiro Mayiga should summon the Lukiiko come out with a clear Buganda position Kampala, Uganda | KAVUMA KAGGWA | President Yoweri Museveni has been selected to oversee and provide political guidance to the legal experts tasked with the drafting of the East African Community (EAC) constitution on political confederation. The …
Read More »Demand for Avocado soars as overseas market opens
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 »