It has lent out US$3.4bn and employed 2500 permanent staff Kampala, Uganda | JULIUS BUSINGE | Commercial Banks all over the world are portrayed as profit oriented and only work with customers they think have firm foundations to meet credit obligations. But the Standard Chartered Bank’s recently released independent study …
Read More »Bishop Kityo Luwalira attacker charged and remanded
Kampala, Uganda | GODFREY SSALI | A man who attacked the Bishop of Namirembe Diocese Rt. Rev Wilberforce Kityo Luwalira during the Easter celebration Service, has been charged before Mwanga 11 Magistrate Court and remanded to Luzira prison. He faced three counts, two of threatening violence against Bishop Luwalira and Rev. …
Read More »NMS wants Court to enter judgement against Muhakanizi
Kampala, Uganda | GODFREY SSALI | National Medical Stores wants the High Court in Kampala, to enter Judgement against the Permanent Secretary also Secretary to the Treasury Keith Muhakanizi, for failure to explain where he gets the powers to order a Special Audit against Uganda Cancer Institute, over the supply and distribution …
Read More »Nansana voters petition Constitutional Court over MP Ssebunya
Kampala, Uganda | GODFREY SSALI | A group of Nansana Municipality voters have asked the Constitutional Court to overturn a decision of the High Court in Kampala that declared Robert Kasule Ssebunya the validly elected Member of Parliament (MP) for that Constituency. They want Court to order a by election …
Read More »G’day! Rain, royalty, protests as Commonwealth Games open
Gold Coast, Australia | AFP | A heavy downpour, a giant floating whale and Aboriginal protests marked the start of the Commonwealth Games on Wednesday as Australia flagged off 11 days of competition in the resort city of Gold Coast. Britain’s Prince of Wales declared the Games open at …
Read More »UMEME: Reckless lorry leads to damaged cars along Wilson Road
Kampala, Uganda | THE INDEPENDENT | Power distributor Umeme has confirmed that no one was injured after two cars were damaged by a concrete electric pole on Wilson Road in Kampala on Wednesday. No one was in the cars when the pole, that an eyewitnesses said was dragged down when a …
Read More »Banks to embrace mediation to resolve disputes
The initiative is to settle disputes cheaply, quickly and fairly Kampala, Uganda | JOSEPH BAHINGWIRE | Court cases in Uganda involving clients and commercial banks tend to take many years to be resolved but this will soon change as banks in collaboration with the Uganda Law Society and commercial courts …
Read More »Africa’s ambitious trade treaty
Beyond the clapping and ululation in Kigali, can the ACFTA be implemented? Kampala, Uganda | RONALD MUSOKE | After close to 30 years of negotiations, 44 African states finally agreed to establish a single market to ease buying and selling of African-made goods and services. That leaves out 11 countries; …
Read More »Islamic micro-finance gains momentum
Kampala, Uganda | THE INDEPENDENT | John Peter Mujuni is the Executive Director of Micro finance Support Centre, a government institution charged with providing affordable financing to SMEs. He spoke to Joseph Bahingwire about their new financial services linked to Shariah law. How has been the uptake of Islamic Micro Financing …
Read More »KPMG opens doors for businesses seeking data support
Kampala, Uganda | JULIUS BUSINGE | Using right data tools and solutions in running businesses can lead up to over 50% growth of that entity in all segments, according to KPMG, an audit firm operating in Uganda and beyond. The firm is courting businesses to use advanced methods of managing …
Read More »