NEWS

Kampala, Uganda | THE INDEPENDENT |  The government has unveiled a seven member committee to offer strategic advice on oil resource investments as the Final Investment Decision by oil companies looms. The Petroleum Fund Investment Advisory Committee (IAC) was inaugurated by the Minister of Finance Matia Kasaija at the ministry …

Kampala, Uganda | THE INDEPENDENT | “Acts of intimidation and violence against reporters are an almost daily occurrence in Uganda. The security services, which are the leading press freedom violators, often target journalists, arresting them arbitrarily and sometimes holding them incommunicado,” read the entry on Uganda by Reporters Without Borders, …

Kampala, Uganda | THE INDEPENDENT | Uganda Communications Commission (UCC) came under fire for issuing a directive to media houses to suspend their employees over a breach of “minimum broadcasting standards.” The stations are; NTV, NBS TV, BBS TV, Bukedde TV, Kingdom TV and Salt TV. Others are; Akaboozi FM, …

Kampala, Uganda | THE INDEPENDENT | Less than a month after the State House Anti-Corruption Unit swooped on Post Bank over embezzlement of funds, seven of its top employees including the bank’s MD Stephen Mukweli are now facing corruption charges at the Anti-Corruption Court. They were charged with abuse of …

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Government Justice Irene Mulyagonja has revealed that her office is tracing the 24.7 billion Uganda shillings stolen from the Katosi road project and trying to recover it from the USA. Mulyagonja told reporters at the closure of the five-day commonwealth …

Kampala, Uganda | THE INDEPENDENT | Drugs worth millions of shillings have been impounded in a joint operation conducted by the National Drug Authority (NDA) and the Uganda Police force. The drugs impounded include veterinary drugs that were mainly being sold in un-recommended conditions or by unlicensed people. According to …

Kampala, Uganda | THE INDEPENDENT | An ongoing tax dispute between the Ugandan government and Tullow Oil has led to the postponement of the planned Final Investment Decision for the Albertine oil development project to the second half of 2019. The capital gains tax dispute from Tullow’s farm-down of its stake …

Kampala, Uganda | THE INDEPENDENT | Newly-formed Alliance for National Transformation (ANT) party says it is resolved to build a formidable force in the country’s political landscape. Alliance for National Transformation leader, Major General Mugisha Muntu says it is too early for Ugandans to judge him and his colleagues based on …

Kampala, Uganda | THE INDEPENDENT | Professor, Ezra Suruma, says he feels vindicated now that cabinet is considering the revival Uganda Commercial Bank (UCB). Suruma, the Makerere University Chancellor was one of the few government officials that had tried to resist the World Bank/ International Monetary Fund call for privatization of …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has warned that as Uganda allocates more resources to interest repayment, key social services are being starved which will, in turn, impact health, schools, and job creation. In its latest economic outlook report for Uganda after the executive consultations on …