NEWS

By Julius Businge Stanbic Bank Uganda Limited, Uganda’s largest commercial bank has recorded sh130bn profit after tax for the year ended December 2012 up from sh121bn a year earlier, the Bank’s financial results released on March 18 reads. The Bank’s expenditure however, increased from sh267bn for the year ended December …

By Ronald Musoke Total E&P Uganda, one of the three major oil companies heavily involved in oil prospecting and production in the country has offered up to 20 scholarships to students from the oil districts of Nwoya, Buliisa, Nebbi and Masindi where the French company currently has operations (Exploration Areas …

By Aloysious Kasoma Opposition Democratic Party leader, Norbert Mao has called upon Parliament, to demand for a formal explanation from the government on the reported gun attacks on security organs in Kampala. Mao said that the attacks could be a political problem which requires a political solution with a national …

Kenya’s deputy Prime Minister, Uhuru Kenyatta, has won the presidential election by a very tight margin. Mr Kenyatta garnered 6,173,433 votes out of 12,338,667 total votes cast in last Monday’s election giving him 50.03 per cent required to win while his main challenger Raila Odinga garnered 5,340,546 (43.28) per cent. These figures …

By Ian Katusiime Ugandan student Titus Mawana, 22 who emerged among the winners of Apps4Africa, a technology business challenge that was conducted online with participants from 27 countries in Africa. Mawana stood out alongside two other African students from Nigeria and Ghana. His initiative Ffene is a low cost business …

By Julius Businge The Bank of Uganda has for the fourth consecutive month maintained the Central Bank Rate (CBR) at 12% in March, according to the Monetary Policy Statement issued by the bank on March 5. The Bank said inflationary pressures have remained below single digits and that meant maintaining …

By The Independent Team Kenyans will today choose a president, members of parliament and senators, county governors and members of the newly formed county assembly. The Presidential race that has eight candidates vying for the post has been seen by many observers as mainly a two-horse race with Prime Minister …

By Julius Businge Uganda’s annual headline inflation has dropped to 3.4% for the year ended February 2013 down from 4.9% a year earlier, the Uganda Bureau of Statistics announced on Feb. 28. The statistics body said the fall was attributed to reductions in food prices and other components of in …

By Ronald Musoke The Ministry of Health has today, Feb.26, come out to clarify recent media reports that all people seeking treatment from public health facilities across the country will be required to undergo mandatory HIV testing first. According to a statement from the health ministry that was signed by …

By Joan Akello Uganda and other Less Developed Countries (LDCs) are lobbying for an extension of the transition period beyond 2016 to become TRIPS compliant. The civil society organizations and private sector in the East African Community are pushing for this extension to buy more time for the countries with …