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Absa Uganda hits Sh146 billion in profit after tax

  • Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …

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Among to Minister of Sports: Vacate buses from Namboole

Kampala, Uganda | THE INDEPENDENT | Speaker of Parliament, Anita Among has directed the Minister of Education and Sports to ensure that buses belonging to Pioneer bus company are vacated from Mandela National stadium to pave way for the country to host the African Nations Championship (CHAN) in September 2024, and …

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Kyagulanyi warns new recruits against political opportunism

Kampala, Uganda | THE INDEPENDENT | National Unity Platform (NUP) President Robert Kyagulanyi, alias Bobi Wine, has urged NUP recruits not to prioritize seeking political positions but rather concentrate on the primary goal of ousting the National Resistance Movement (NRM) regime. Kyagulanyi who was on Tuesday welcoming a diverse group of …

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Mukono operation sees 29 arrested in Boda Boda lynching case

Mukono, Uganda | THE INDEPENDENT |  The Police and Uganda People’s Defence Forces (UPDF) have so far arrested 29 people suspected of having orchestrated the lynching of five people, who allegedly killed two Bodaboda riders last week. Sande Ssemanda and Richard Mawanda were hacked to death and their motorcycles were …

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Two arrested for offering Arua police officer sh2 million bribe

ARUA, Uganda | THE INDEPENDENT |  Two individuals have been apprehended for attempting to bribe the Officer-in-Charge of the Criminal Investigation Division (OC CID) at the Arua District Central Police Station in Odumi, in an effort to evade investigation into a murder case. The suspects, identified as Annet Ajikia and Brian …

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EFRIS: City traders close shops in protest

Kampala, Uganda | THE INDEPENDENT |  Shops in all parts of the city center have closed as traders protest over the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) system. The protests were started last week by traders affiliated with the Federation of Uganda Traders’ Associations (FUTA). On Tuesday, they were …

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COURT: Kwoyelo will not be cross-examined

Gulu, Uganda | THE INDEPENDENT | Judges at the International Crimes Division of the High Court have rejected an application by the lawyers of the former Lord’s Resistance Army (LRA) rebel commander Thomas Kwoyelo seeking to question their client during his defence trial. Kwoyelo’s defence Lawyer Caleb Alaka on Monday …

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Govt programs hit with Sh3 trillion funding gap

Kampala, Uganda | THE INDEPENDENT |  The government spending plans have fallen short by sh3.337 trillion in the first seven months of this financial year, as revenue mobilization continues to be a thorn in government operations. This failure to meet its spending targets, made it worse for project implementation, as …

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