Kampala, Uganda | THE INDEPENDENT | Edith Namugga Tusuubira has been named the substantive Executive Director of the Uganda Microfinance Regulatory Authority. The authority is a government agency mandated to regulate license and supervise tier 4 microfinance institutions and money lenders in Uganda. These include Savings and Credit Cooperatives –SACCOs, Non-deposit …

Moscow, Russia | Isaac Khisa | As part of the Russia–Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and …

Kampala, Uganda | THE INDEPENDENT | The authorities of various regional referral hospitals want the monopoly of National Medical Stores to procure and supply medicine broken, according to the Public Accounts Committee Chairperson, Nathan Nandala Mafabi. He disclosed this on Tuesday as his committee was finalizing its engagements with National …

Kampala, Uganda | THE INDEPENDENT | Parliament has deferred debate on the Landlord and Tenant Bill following controversy on a provision that requires that all rent obligations be recorded and settled in Uganda Shillings. The clause had been supported by Kampala Central MP Muhammad Nsereko who observed a need to …

Washington, United States | AFP | Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows. The forecast set to be released Wednesday highlights growing concerns that automation and robots, …

Kampala, Uganda | THE INDEPENDENT | The Bugweri County Member of Parliament, Abdul Katuntu, says there is need to address Governance issues in Bank of Uganda-BoU to curb scandals rocking the central bank. Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big …

Kampala, Uganda | THE INDEPENDENT | The family of the late Ronald Ssebulime has sued Ida Nantaba, the information Communication and Technology State Minister together with four police officers for causing his death. According to the suit, Ssebulime’s sister, Sylvia Nakayita accuses the minister of providing false information to police …

Set on the shores of Lake Como, Italy, the Concorso d’Eleganza Villa d’Este brings auto enthusiasts from around the world to admire the 50 of the best cars built between the 1920s and 1980s. Tickets for the exclusive event cost $550 (Approx. Shs2 million) and attendees were treated to the …

Moscow, Russia | Isaac Khisa | The Afreximbank Strategy for Export Trading Companies was launched in Moscow on June 20, during the open Russia–Africa Economic Conference, part of the Afreximbank Annual Meetings with the support of the Roscongress Foundation and Russian Export Center. The panellists included Managing Director of Afreximbank Intra-African …

Kampala, Uganda | THE INDEPENDENT | As oil companies prepare to extract oil out of the ground, the next concern is Lake Albert’s water levels and fears that communities around the Lake could be denied access to the water resources. While everyone is eagerly waiting to see out of the …