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Gov’t moves to buy UGX 200Bn shares in Roko

Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …

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Plascon Uganda gives She Cranes Shs70m boost

Kampala, Uganda | THE INDEPENDENT | On July 6, Paint maker Plascon Uganda welcomed the She Cranes at their Namanve Plant and guided the netball team through company manufacturing lines. Company executives said in a statement that the visit for the She Cranes was a big testimony that the two …

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UBOS: Museveni is right on Middle Income

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS) has accused the World Bank of mixing up their figures and using wrong parameters, and have insisted that the Ugandan economy has entered into the threshold for the lower-middle-income status based on statistical data computations they have. According to …

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President appoints Bamuturaki CEO Uganda Airlines

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed Jenifer Bamuturaki Uganda Airlines CEO. Minister of Works Gen Katumba Wamala has confirmed the appointment in a letter to the board of Uganda Airlines. The appointment of Bamuturaki, who has been acting CEO, means efforts by the airline’s board …

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Asians Property: Court quashes COSASE report

Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has quashed a report by the Committee on Commissions, Statutory Authorities, and State Enterprises-COSASE that recommended the cancelation of the repossession of properties under the Departed Asians Property Custodian Board whose original owners did not return physically to Uganda. …

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Changes to microfinance deposit-taking institutions act approved

Kampala, Uganda | THE INDEPENDENT | Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions-MDIs Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and National Guidance, Chris Baryomunsi communicated …

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MTN Uganda appoints Sylvia Mulinge as new CEO

| THE INDEPENDENT | MTN Uganda has appointed Safaricom’s Chief Consumer Business Officer, Sylvia Mulinge, as its new chief executive officer effective October 1. She replaces Wim Vanhelleputte who has been promoted to a regional role as operating executive for the West and Central African Markets of Liberia, Guinea-Conakry, Guinea-Bissau, …

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