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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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 …
Read More »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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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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Long serving board chairperson Elly Karuhanga retires in September Kampala, Uganda | ISAAC KHISA | dfcu Bank has cut dividend payout to its shareholders by 65.5% to Shs17.83 per share, equivalent to Shs 13bn for the year ended Dec.2020 to preserve more capital for any uncertainties that would occur owed …
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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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American Air Force investigating after civilian die in scramble for evacuation plane | THE INDEPENDENT | The U.S. Air Force is investigating the civilian deaths that unfolded Monday Aug.16 at Hamid Karzai International Airport in Kabul, where some Afghans fell from a military C-17 transport plane mid-air after leaving the …
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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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After five failed campaigns, Zambian politician Hakainde Hichilema has finally won the presidency. But he has to deal with a devastated economy. | THE INDEPENDENT | There was dancing in Zambia’s capital, Lusaka, when it emerged that Hakainde Hichilema had won the presidential election. Hichilema beat incumbent President Edgar Lungu …
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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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The Independent Uganda: You get the Truth we Pay the Price
