The News Today

Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …

NRM set to take Shs12 bn of released Shs15 bn Kampala, Uganda | MUBATSI ASINJA HABATI | After two years of waiting the Government of Uganda has finally released Shs15 billion to the Electoral Commission for funding political parties. The money goes political parties with representation in parliament parties. They …

Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …

✳ Kiplimo 1st ✳ Cheptegei 4th Individual Prizes 1. $30,000 (Sh111million) 2. $15,000 3. $10,000 4. $7,000 Team Prizes 1. $15,000 2. $12,000 3. $9,000 4. $7,500 Gdynia, Poland | THE INDEPENDENT & XINHUA | Nineteen-year-old Ugandan long distance sensation Jacob Kiplimo stunned a strong field to win the World …

✳ Half-marathon Women – 12.00pm LIVE on SuperSport ✳ Half-marathon Men – 1.30pm ✳ TEAM UGANDA 🇺🇬 : Cheptegei, Jacob Kiplimo Moses Kibet, Stephen Kissa, Abel Chebet | Juliet Chekwel, Doreen Chemutai, Doreen Chesang, Rachael Zena Chebet Team Prizes 1. $15,000 2. $12,000 3. $9,000 4. $7,500 Individual Prizes 1. …

Kampala, Uganda | THE INDEPENDENT |  The recent COVID-19 worldwide lockdown has not affected the building of Uganda Airlines’ two A330-800 planes ordered from Airbus. Despite a two month delay, one of the two Airbus planes is in the final stages of completion, with its manufacturers sharing a photograph of …

Security seizes Kyagulanyi’s nomination documents, CCTV camera monitors Kampala, Uganda | THE INDEPENDENT & URN | Police has raided the National Unity Party (NUP) offices in Kamwokya, and are searching through election documents. NUP were holding a meeting of some of its top leaders when police arrived. “The military, police …

Kampala, Uganda |  THE INDEPENDENT |   The controversy surrounding a commercial court judgement on the case between Diamond Trust Bank and businessman Hamis Kiggundu has taken a new twist after the Bank of Uganda advised that a foreign bank can appoint an agent to carry our business in Uganda, without …

Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …

The South African telecom firm plans to refocus on Africa and mobile money | THE INDEPENDENT | MTN Group’s new CEO Ralph Mupita is expected to manage by capitalising on technological growth and demographic dividends within Africa to cement its position as the continent’s largest telecom services provider. He comes …