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The independent

New capital requirements for banks

Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …

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Africa and the IMF

How the continent can seize the moment and start resetting its relationship with the international financial institution | DANNY BRADLOW | The International Monetary Fund (IMF) has injected $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide …

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Terrorist threats on the rise

  UN report points at ADF, ISIL, al Qaeda Kampala, Uganda | THE INDEPENDENT | Aug. 26: A suspected suicide bomber identified as Katumba Abdul aka Ben was arrested by military intelligence personnel in Pader Town Council with an assortment of home bomb making materials. These included already assembled bombs, …

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“Emerging Artists”, who are they?

The ambiguous or slippery nature of the term “emerging artists” calls for its revision to clearly define which artists it suits. | DOMINIC MUWANGUZI | The term “emerging artists” is frequently used in many art circles globally. Art galleries, dealers, collectors and art writers use the phrase from time to …

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NBL economic forum exposes opportunities, tax risks

Minister Kasaija promises more government support to boost private sector growth Kampala, Uganda | JULIUS BUSINGE | Nile Breweries Limited, a subsidiary of the Belgium based ABInBev, on Aug. 18 held a virtual Economic Forum to highlight the company’s contribution to  Uganda’s economy,  bringing to light the effect of the …

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Zambian opposition defeats ruling party

Stalwart Hichilema secures big win in presidential elections | MICHELLE GAVIN | Late last week, in the midst of deep economic crisis and fears of political violence, the Zambian people took decisive action in favour of a change in course. They turned out in robust numbers to elect veteran opposition …

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The Lumbuye ideology and our opposition

  Its purpose is to support political goals and catch attention of those few people who are easily being misled COMMENT | MICHAEL WOIRA | We are now in August and our elections were held in February and the swearing ceremony for the rightfully elected president was also concluded some …

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LGBTQIs and the bogeyman of Uganda

Homosexuality has become a very explosive social issue that has invaded the politics of the day COMMENT | ROSE WAKIKONA | For a country which in 2020 scored 73 points out of 100, putting it at a rank of 142 out of 180 countries, on the Corruption Perceptions Index, which …

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