NEWS

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 …

By Independent Team The former chairman of the Kenya –Students Council Uganda Silas Maka Otuke has threatened to mobilize former Kenyan students in Uganda to burn education transcripts attained from Ugandan institutions if relevant authorities fail to handle well a case in which Kampala University is involved. Otuke says KU’s …

By The Independent Team The Kampala City Mayor Erias Lukwago has this morning been voted out of office. In a special council meeting that was hurriedly held at City Hall on Monday morning chaired by Frank Tumwebaze the minister of the Presidency and the Kampala Capital City Authority (KCCA), 29 …

By Joan Akello African Tax Administration Forum (ATAF) officials say Uganda has made strides in using the mobile phone tax payment to increase compliance. They say the South African Revenue Service is weighing its options on the move. “Uganda’s cell phone tax payment is great … with a great Commissioner …

By Julius Businge  Power distributor, Umeme Uganda Limited, in line with its dividend policy has announced an interim dividend of Shs 8 per share approved at its meeting held on Nov. 14, it said in a note released on Nov. 18. The Board of Directors of the Company resolved to …