The Independent Uganda: You get the Truth we Pay the Price
Uganda Securities Exchange CEO says number of investors could triple Kampala, Uganda | JULIUS BUSINGE | Executives at the Uganda Securities Exchange are optimistic about increased activity and shareholder numbers at the bourse as MTN Uganda’s listing takes shape. Paul Bwiso, chief executive officer said on the sidelines of the …
Read More »Multi-billion Isimba and Karuma Hydropower Dams: How Chinese loan ‘spillovers’ are creating new growth opportunities
Ugandan government has in the past years faced harsh criticism over regular borrowings from China Import Export Bank to facilitate development of infrastructure projects including hydropower dams, roads and possibly soon the planned Standard Gauge Railway. But the Chinese loans have also had a fair share of positive aspects to …
Read More »Mbarara to rename 400 city roads and buildings
Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has started the process renaming and naming of 400 old and new roads and buildings within the city. Mbarara City has 330.19 kilometres of roads. Current roads have a diversity of names include Marknsighn, High-street, Mbaguta road, Independence road, Victor Bwana, …
Read More »Chile to ban most non-electric vehicles from 2035
Santiago, Chile | Xinhua | Chile will ban sales of most internal combustion vehicles in support of electric vehicles starting in 2035, the Chilean government announced Friday as part of its National Electromobility Strategy. All sales of light and medium vehicles, public transit and large machinery, will be zero-emission vehicles …
Read More »Govt impounds tons of immature fish
Kasese, Uganda | THE INDEPENDENT | The fisheries directorate, Uganda People’s Defence Forces Fisheries Protection Unit-FPU and Uganda Revenue Authority-URA on Wednesday impounded close to 20 tons of immature fish in four trucks at Mpondwe border. The value of the impounded fish is yet to be determined. The trucks, destined for the …
Read More »Private school owners reject Microfinance Support Centre loans
Kampala, Uganda | THE INDEPENDENT | Proprietors of private schools have rejected a government offer for them to access loans from the Microfinance Support Centre. They say schools require a lot more money than the Microfinance Support Centre is able to offer and the interest rates offered are too high. Following …
Read More »Court orders Ben Kavuya to return Wakanyira’s properties
Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has ordered Businessman Ben Kavuya to return two properties that he fraudulently acquired. The properties include plots of land in Bweyogerere and Kataza Kiswa belonging to the former Kampala Capital City accountant George David Wakanyira. In 2007, Wakanyira sued Kavuya, …
Read More »How the mobile phone is boosting fish quality at Lake Edward and Albert
Kasenyi, DRC | THE INDEPENDENT | What connection can there be, between a normal smart mobile phone and an increase in quality and quantity of fish catch from a lake? Well, on the trans-boundary Lakes Edward and Albert, between D.R Congo and Uganda, the two are very closely …
Read More »NSSF: Mid-term payments will be staggered
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has said that it has no money available for lump sum payments if parliament passes the NSSF Amendment Bill. NSS say payments can only be staggered. This was disclosed by the fund’s Managing Director Richard Byarugaba on Thursday …
Read More »Nigerian gov’t compels civil servants to show COVID-19 vaccination proof to access offices
Abuja, Nigeria | Xinhua | Nigerian government has said it will compel federal civil servants to show proof of vaccination against COVID-19 before gaining access to their offices from Dec. 1. The move was to encourage the vaccination rate across the country, said Boss Mustapha, the secretary to the government …
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