Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) has called upon stakeholders to join forces and prevent Uganda from being relegated back to the anti-money laundering and terrorism financing grey list. The appeal comes just a year after Uganda was removed from the grey list by the Financial …
Read More »Government tables Shs40.7 Trillion budget for FY 2025/26
Kampala, Uganda | THE INDEPENDENT | Government has presented a Shs40.7 trillion budget for the 2025/26 financial year, outlining significant investments across key sectors to drive economic growth and development. This is contained in the Appropriation Bill, 2025 tabled for its first reading by the Minister of State for Finance …
Read More »Govt tables Shs4.8 Trillion Supplementary Appropriation Bill
Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf …
Read More »Spurred by diversification, Equity Group delivers solid 2024 financial results
Equity Group reports US$468.7 million profits before tax, driven by strategic diversified growth ✳ Proposed dividend per share of UgSh120 – a payout ratio of 34.5% ✳ Earnings per share increased by 11% to UgSh348 ✳ Asset quality improves by 100 basis points from Q1 2024 to Q4 2024. ✳ …
Read More »Kwiso TV promises to nurture the next generation of East African filmmakers
Sauti Plus Media Hub Unveils ‘Kwiso TV’ Streaming Platform to Boost Ugandan and East African Content Kampala, Uganda | THE INDEPENDENT | Sauti Plus Media Hub has officially unveiled Kwiso TV – a new streaming platform designed to showcase quality Ugandan and East African films and TV series. The announcement …
Read More »South Sudan Govt backs down, says Machar can work from home
Machar not arrested, South Sudan says Juba, South Sudan | SUDAN TRIBUNE | South Sudan said on Thursday it had increased security measures for First Vice President Riek Machar, downplaying reports that the SPLM-IO leader had been placed under house arrest. The development caused panic and uncertainty over the fate …
Read More »Trump’s ‘drill, baby, drill’ agenda is driving interest in Africa’s emerging natural gas hubs.
U.S. energy policy changes aimed at revitalizing energy projects and achieving energy dominance are boosting emerging natural gas hubs in Africa, as initiatives like Mozambique’s stalled natural gas project attract substantial investment. SPECIAL REPORT | BIRD AGENCY | US President, Donald Trump’s series of rollbacks on restrictions to the country’s …
Read More »🟥 UMEME expects $234 million, Uganda willing to give $118M
“The Buy Out Amount must be paid within 30 days following the end of the concession term, specifically by 31st March 2025. If the payment is not received by this deadline, penal interest will be applied as stipulated in the Concession Agreements.” Kampala, Uganda | THE INDEPENDENT | Exiting electricity …
Read More »Nollywood star Ramsey Nouah here for Ikon Awards, witnesses birth of Kwiso TV
Ramsey Nouah joins the premiere of the 2024 Ikon Young Filmmakers Fellows short films & the Unveil of Kwiso TV Kampala, Uganda | THE INDEPENDENT | Nollywood star Ramsey Nouah is in Uganda for the Ikon Awards. He arrived on March 24, and is expected to join several stars from the continent …
Read More »MoH announces 24/2 initiative to encourage quick response to malaria by patients, health workers
Kampala, Uganda | THE INDEPENDENT | The Ministry of Health has started popularizing the 24/2 initiative in the fight against malaria. The 24/2 initiative is a World Organisation (WHO) initiative aimed at transforming malaria treatment and ensuring rapid recovery for those affected. Silver Kasozi, an officer at the Malaria Control …
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