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Tag Archives: Uganda

Bank of Uganda cuts CBR to 9.5%

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …

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TABLED: First reading of Constitution Ammendment Bill

Kampala, Uganda | THE INDEPENDENT |  MP Raphael Magyezi (Igara West -NRM) has today tabled the Constitution (Ammendment) Bill 2017 for its first reading. Magyezi last week got leave of parlaiment to introduce a Private Member’s Bill to amend Articles 102 (b), 108(3a) and 108(4) of the constitution. It has …

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Blasts rock MP Bobi Wine’s residence

Kampala, Uganda | AFP | Explosive devices, thought to be grenades, were thrown early Tuesday at the homes of two prominent Ugandan MPs who have spoken out against plans to remove presidential age limits in the constitution. Musician-turned-lawmaker Bobi Wine — real name Robert Kyagulanyi — and fellow opposition MP Allan …

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Power, City Oilers march on in Africa Zone 5 basketball

Kampala, Uganda | THE INDEPENDENT | Ugandan basketball sides Power and City Oilers continued their dorminance of the FIBA Africa Zone 5 Club Championships with thumping wins on Monday in Kampala. New signing Jordan Mayez led the scoring with 16 points, while Laundry Ndikumana got 14 as defending champions Oilers rolled over …

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‘What does it mean to be a civically engaged musician?’

Kampala, Uganda | THE INDEPENDENT | Kampala’s German Culture organization Goethe-Zentrum Kampala is hosting socially conscious artists from across Africa this week for the “Your Music Your Voice” event. “Your Music, Your Voice” will create a platform for Pan-African dialogue between socially active artistes to discuss their role in using music …

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AGE LIMIT: Ugandan journalists protest

Kampala, Uganda | THE INDEPENDENT | Ugandan journalists have protested what they described as “gagging by the state” as the ongoing debate about changing the constitution to lift the age-limit for the presidency rages. Under their Uganda Press Freedom Forum, the journalists from leading media houses across the country blamed security and …

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