Analysts fear move will accumulate more debt for African countries Kampala, Uganda | RONALD MUSOKE | Africa could further sink into more debt if China goes ahead with plans to sell the continent’s debt to investors, starting next year, observers fear. Hong Kong Mortgage Corporation (HKMC), a leading Chinese banking conglomerate, …
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Mbarara, Uganda | THE INDEPENDENT | A primary school head teacher in Mbarara district has been arrested for unlawfully soliciting for money from parents. Jolly Tumwebaze, the Head Teacher at Kabingo One Primary School in Nyakayojo Division was arrested after she reportedly sent pupils home for failing to pay …
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Arua, Uganda | THE INDEPENDENT | The central bank has cautioned the public against borrowing from unregulated bodies. Balaam Ssempala, the Deputy Director Deposit Protection Unit in the Central Bank says that in the event of liquidation or closure of such unregulated institutions, the depositor stands a high risk of …
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Kampala, Uganda | THE INDEPENDENT | Although world over marine transport is considered one of the most comfortable means of transport, in Uganda it is a different story with discomfort and poor mechanical conditions of the vessels which has contributed to accidents and losing of lives. The Saturday evening boat …
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Kampala, Uganda | THE INDEPENDENT | MV Kalangala, the marine vessel plying Nakiwogo in Entebbe to Lutoboka landing site in Kalangala island has triggered complaints in the recent months ranging from inefficiency, overloading and engine defaults from travelers. Last week, Ministry of Works and Transport issued new guidelines to Nation …
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Kitty part of Shs 296 billion grant Germany will give to Uganda over the next two year Kampala, Uganda| RONALD MUSOKE | Refugee hosting communities in northern Uganda will benefit from some €15 million (Shs 64 billion) from Germany according to a new bilateral development cooperation agreement signed on Nov.16 …
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Nairobi, Kenya | THE INDEPENDENT | President Yoweri Museveni has confirmed Uganda’s commitment to conserving her water resources at the Sustainable Blue Economy Conference in Nairobi on Monday. In his address, he outlined measures Uganda is taking to sustain the continent’s oceans, seas, lakes and rivers. Half a dozen heads …
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Kampala, Uganda | IAN KATUSIIME | Tracy Akello and Rachael Kemigisha will have a memorable experience as they watch the Formula One Grand Prix live in Abu Dhabi, United Arab Emirates. The two are the first ladies among the lucky eight Ugandans who have always been selected to watch the …
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Why giving cash to victims of landslide was right but attempt to relocate mountain village residents is wrong COMMENT | Joseph Were | Do you still remember Bukalasi? Don’t worry if you don’t. It is the place in Bududa district where a river burst its banks, triggering mudslides that killed …
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Poor money management skills blamed for the biting poverty Kampala, Uganda | THE INDEPENDENT | Teaching financial literacy to adult populations has got a lift with the unveiling of an online platform that will make financial education more interesting. SIMU Plus has partnered with Uganda Telecom for a roll-out of …
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