Kampala, Uganda | THE INDEPENDENT | The government programs continue to be impacted by financial pressures this year, amidst dwindling low-cost financial sources and plans to reduce commercial borrowing. This is a spillover from the large (5.5 percent of GDP) fiscal deficit in 2022/2023 was larger than planned, due to a …

Kampala, Uganda | THE INDEPENDENT | Shareholders of Stanbic Uganda Holdings are set to receive up to 280 billion shillings in total dividends payout for the year ending December 2023. This is a record-high payout, and it is 45 billion shillings higher than last financial year’s payment. The payment arises from …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Examination Board (UNEB) has overhauled its assessment approach, shifting towards competency-based evaluation required under the new lower secondary curriculum. Upon examining the sample papers released on Monday and comparing them with past papers, it’s evident that UNEB has implemented significant changes. One …

Limited skilled manpower, inadequate financing, extended payment cycles, and geopolitical tensions continue to impact the sector a head of oil production Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the …

KIGALI, RWANDA | Xinhua | Chinese manufacturers of electric buses have set BasiGo, a Kenya-based company, on course toward its business sustainability but also the start of a significant role in advancing Rwanda’s transition to greener transportation. It is roughly three months since BasiGo launched pilot electric buses in public …

The Fund is expected to tackle  Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …

WASHINGTON, U.S | TASS | Russia will not run after the US if Washington is unwilling to cooperate in the field of security, Moscow’s Ambassador to Washington Anatoly Antonov told reporters. “I will put it simply: this is the US choice,” he noted, commenting on White House National Security Council …

Kampala, Uganda | THE INDEPENDENT | Colonel Freddy Joseph Onata, the Chief Executive Officer of the UPDF’s Savings and Credit Cooperative -Wazalendo, has expressed confidence to achieve their target of being a One trillion asset institution by next year. He said said the SACCO boasts a membership of over 100,000, share capital of …

Kampala, Uganda | THE INDEPENDENT | The Kawempe North Member of Parliament, Muhammad Ssegirinya, who has been hospitalized at Aga Khan Hospital in Nairobi for three months, is reported to have regained consciousness. Ssegirinya’s Personal Assistant, Alex Luwemba, who recently returned from the hospital, told Uganda Radio Network (URN) that his …

Many retirees, burdened with dependents, find themselves continuing to work, with 63% of beneficiaries still employed Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) Beneficiaries Survey Report for 2023, conducted in collaboration with Enterprise Uganda, exposes a glaring insufficiency in the country’s retirement benefits, with an average …