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The independent

Reply to Mwenda on Uganda’s debt

To suggest printing money or ceding national assets to pay debt reflects utter economics myopia COMMENT | Mukwanason A. Hyuha | In The Independent (April 26-May 02, 2019 edition), Andrew Mwenda purported to respond to my Saturday Monitor (April 13, 2019) article on Uganda’s debt sustainability. I have also read …

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Game console makers oppose China tariffs

Washington, United States | AFP | Game console makers Microsoft, Sony and Nintendo have joined forces in opposing expanded tariffs on China, saying the plan would make their products unaffordable for the coming holiday season. In comments filed with the US Trade Representative, the three firms said President Donald Trump’s threat …

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Sugar manufacturers downplay outcry on low production

Kampala, Uganda | THE INDEPENDENT | Sugar factories in Busoga region are expected to resume production in two weeks’ time, according to Jim Kabeho, the chairman of the Uganda Sugar Manufacturers Association. Up to six sugar factories in the region had halted production for more than two months to undertake routine …

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Sudan’s Mahdi rejects call for mass demos on June 30

Khartoum, Sudan | AFP | Sudan’s veteran opposition leader Sadiq al-Mahdi rejected on Wednesday a call for nationwide mass demonstrations against the country’s ruling generals on June 30. The remarks by the head of National Umma Party come as tension between the generals and leaders from the umbrella protest movement, the …

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Whistleblower raises red flag on UNRA recruitments

Kampala, Uganda | THE INDEPENDENT | A whistleblower has petitioned Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) over anomalies in the recruitment of staff at the Uganda National Roads Authority (UNRA). The Whistleblower alleges that the process is unfair and discriminative. Committee Chairperson Mubarak Munyagwa says that his …

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Stanbic launches online account opening

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has launched a service that allows new customers to open personal accounts online. The digitized process, which is accessible off the Stanbic Bank website www.stanbicbank.co.ug, means that customers can now open accounts on the go, anywhere, in any country and anytime. …

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Tullow considers selling all its assets in Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is considering selling all its assets in Uganda as the firm down tax dispute rages on. The Irish company, which also owns Tullow Operations Uganda, has hinted on the slow progress towards resolving a Capital Gains tax dispute on the USD 900 million …

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