Stanbic Bank top executives tell shareholders as it rolls out offerings for women, targets oil and gas opportunities Kampala, Uganda | JULIUS BUSINGE | Whereas many businesses reported reduced earnings for the year 2020, others like Stanbic Bank Uganda Ltd, have assured their shareholders that they will earn their profits …
Read More »
➡ Budget 2021/22 shs44.7 trillion ➡ domestic revenue 76.7% ➡ external revenue 23.3% ➡Domestic revenue, Shs.22,425 bn. ➡Domestic borrowing,Shs.2,943 bn ➡Petroleum Fund, Shs.200 bn. ➡Budget support, Shs.3,583 bn. ➡External financing for projects,Shs.6,868 bn. ➡Appropriation in Aid,Shs.212.4 bn. ➡Domestic debt refinancing,Shs 8,547bn. Kampala, Uganda | THE INDEPENDENT & PARLIMENT MEDIA | …
Read More »
Cost of sending money to Uganda remains high at 8.7%, double the (SDG) target Kampala, Uganda | RONALD MUSOKE | The COVID-19 pandemic that has ravaged the world over the last 18 months has cut by 26% the amount of money Ugandan migrant workers sent back home over the same …
Read More »
The sector is showing signs of recovery as tourists starts to arrive in the country amid the pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s foreign exchange earnings from tourists’ arrivals fell 72.7% to US$440 million in 2020 highlighting the adverse effects of coronavirus pandemic on the country’s tourism …
Read More »
Tororo, Uganda | THE INDEPENDENT | Because of new travel restrictions imposed to contain COVID-19, the second and last Tororo Broadcasting Network (TBN) fundraising drive will be held virtually on Saturday 12/06/2021. Set for the Kwar Adhola’s Palace in Tororo, the fundraising drive that starts 2.00pm was originally set to be …
Read More »
Kampala, Uganda | THE INDEPENDENT | Government has lifted the curfew to enable buses and taxi to travel late and ferry stranded students from Kampala. Additional transport means are now also being considered, Permanent Secretary Ministry of Health Diana Atwine has announced. Hundreds of people are still stuck in various …
Read More »
Kampala, Uganda | THE INDEPENDENT | Long-distance bus fares have doubled as people flock the bus stations to travel upcountry. This follows the Sunday night announcement by President Yoweri Museveni, of new COVID-19 containment measures. The president said passenger transport between or through districts would be banned starting June 10 – …
Read More »
Tororo, Uganda | THE INDEPENDENT | The Tororo district COVID-19 Taskforce has closed over 20 shops in Tororo town for flouting the Standard Operating Procedures-SOPs meant to contain the spread of COVID-19. The district task force closed the shops on Monday afternoon in an operation to crack down on businesses flouting …
Read More »
Mukono, Uganda | THE INDEPENDENT | Several students from schools in Mukono district are stranded due to lack of transport following the abrupt closure of schools to contain the second wave of the COVID-19 pandemic. Our reporter found Clair Nansimbe one of the students at Paul Mukasa Secondary school stuck …
Read More »
Three CEOs, a global pandemic, a corruption scandal, a managerial wipeout and two brand new Airbus A330s on ground for 6 months – what went wrong? COMMENT | DEREK NSEKO | Less than two years ago, Uganda celebrated the return to skies of the latest reincarnation of its National Airline. During …
Read More »
The Independent Uganda: You get the Truth we Pay the Price