NEWS

By Ronald Musoke Investing wisely Uganda’s oil revenues in productive sectors of the economy will ensure future generations benefit from the country’s promising petroleum industry, a new paper released on Dec.10 by the Economic Policy Research Centre (EPRC) and the Africa Growth Initiative at the Brookings Institution says. The researchers …

By Independent Team President Museveni will today join as many as 90 heads of state in South Africa to attend a mass memorial service to pay homage to Nelson Mandela in the 95,000-seat FNB Soccer City stadium. The memorial service is likely to be one of the biggest gatherings of …

By Ronald Musoke Food insecurity which is already a perennial challenge in East Africa could be worsened by the region’s rapidly growing population— already one of the highest in the world, a new book published by three international research institutions has warned. The book entitled ‘East African Agriculture and Climate …

By Ronald Musoke Following the death of South Africa’s most beloved citizen, former President Nelson Rolihlahla Mandela on Dec. 5, the South African Tourism Industry—the economic sector which probably benefitted most from his freedom— was left devastated. According to a statement from Thulani Nzima, the Chief Executive Officer of South …

By Joan Akello Unlike last year, where there was a scandal in the Office of the prime Minister that caused public spat, in a rather quiet event, Civil society celebrated the first anniversary of the Black Monday Movement,(BMM) on Dec 2. However, after months of distributing newsletters, creating online videos …

By Joan Akello Sophie Makame, the new French Ambassador to Uganda arrived three months ago but it was only yesterday that she held a press conference to unveil the French government’s plans for Uganda. “My priorities will be in security, sustaining the trend of French investments, gender and environment which …

By Julius Businge Bank of Uganda today (Dec. 3) announced a marginal fall in the central bank rate (CBR) by 50 basis points from 12% in November, 2013 to 11.5% in December. While announcing the new rate before the media, Central Bank Deputy Governor, Louis Kasekende said the reduction was …

By Julius Businge Bank of Uganda has officially announced the commencement of the East African Cross Border Payment System (EAPS) that links the real time gross settlement systems (RTGS) of the EAC member countries. Joyce Okello, the director payments and settlement at the Bank said the platform went live on …

By The Independent Team The leaders of five East African countries on Saturday afternoon signed a monetary union protocol kicking off plans to have a common currency for the block within 10 years. The move is expected to boost regional trade with in the EAC block which is expected to …

By The Independent Team In the Hague, the International Criminal Court (ICC) has reversed a ruling that allowed Kenyan President Uhuru Kenyatta to attend only parts of his trial in The Hague. Kenyatta’s trial begins in February and his lawyers argued that attending the trial would prevent him from governing …