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Deposit Protection Fund reviewing limit for depositors

  Kampala, Uganda | THE INDEPENDENT | The Deposit Protection Fund (DPF) is considering reviews to enhance its operational mandate of providing statutory protection to account holders in commercial banks. The reviews seek to increase the fund’s protection limit for depositors with account balances over 10 million shillings in commercial …

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BOU launches remittance monitoring tool as inflows grow

Kampala, Uganda | THE INDEPENDENT | Companies dealing in remittance services are now required to report data on their transactions weekly to the Bank of Uganda (BOU), under a newly developed system. The Central Bank has developed a new data collection approach regarding diaspora remittances, where all remittance service providers …

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🟥NEW POPE: IT IS POPE LEO XIV

It is Cardinal Robert F. Prevost who has been serving as the Prefect of the Dicastery for Bishops. Vatican, Rome | VATICAN NEWS | The 133 Cardinal electors gathered in the Vatican’s Sistine Chapel have elected a new Pope. Pope Leo XIV, 69 years old, has just appeared at the central window …

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NCHE accredits MMU to offer PhD program

KAMPALA, UGANDA | THE INDEPENDENT | The National Council for Higher Education-NCHE has accredited Mountains of the Moon University to offer a PhD program in Agro-Ecological Sciences. It is the first PhD program to be undertaken by the University. NCHE has also accredited the university to offer more academic programs …

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David Wandera is new MD for Absa Bank Uganda

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has appointed David Wandera as Managing Director following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this appointment, …

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Rwandan national sentenced to 18 months for defilement

KIGUM, UGANDA | THE INDPENDENT | Ezekiel Kajeini, a Rwandan national has earned 18 months in prison for defiling a 15-year-old girl. Kitgum Chief Magistrate Robert Ekirita Nashiero convicted and sentenced Kajeini on Tuesday on his own plea of guilt for defilement. According to the prosecution, the incident occurred on January 4, 2025, …

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