Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) has summoned auditors of Price Water Coopers (PWC) to explain how they came up with 239 billion shillings under capitalization of Crane Bank Limited. Price Water Coopers auditors were hired by Bank of Uganda to …
Read More »
Kampala, Uganda | THE INDEPENDENT | President, Yoweri Museveni has rejected a petition by Isabaruuli Constantine Mwogezi Butamanya, the cultural leader of Buruuli Chiefdom to stop operations against illegal fishing practices on Lake Kyoga. In 2017, Museveni deployed 12 soldiers under the Fisheries Protection Unit on Lake Kyoga to combat illegal …
Read More »
Kampala, Uganda | THE INDEPENDENT | Kilembe Investments Limited (KIL) is stuck with more than 100,000 of her shares worth more than 1 billion shillings. KIL is a power distribution company operating within Kasese, Rubirizi and Sheema districts. It was founded in 1997 as a power company limited by shares. According …
Read More »
Kiruhura, Uganda | THE INDEPENDENT | Celebrated dairy farmer (Rtd) Colonel Dick Bugingo has hailed SNV Uganda and the Netherlands Embassy Kampala for supporting private sector initiatives which are critical for the economic development of the sector. Bugingo, Western Uganda’s Best Farmer 2014, made the remarks November 26 when his AGDI dairy …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest paint company Sadolin has opened its latest color center along Main Street, Gulu Municipality in a bid to expand market reach and consolidate its position in the Ugandan market. The establishment, Sadolin’s sixth in the country will offer experiential shopping for high end …
Read More »
The move could see a slight reduction in insurance premiums in the short run Kampala, Uganda | ISAAC KHISA | Uganda’s insurance companies, will in effect from January, 2019, implement the ‘No premium, No cover’ regulation, as part of the new measures intended to reform the local industry. This means that …
Read More »
Kampala, Uganda | JULIUS BUSINGE | The Chinese government is funding the connection of 500 Ugandan villages to satellite TV in an effort to boost digital coverage and increase access to information. The funding is part of the US$10million project intended to boost access to satellite TV for 10,000 African villages. …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Prime Minister Ruhakana Rugunda is optimistic that the synergy between the tourism and coffee sub-sectors will be instrumental to getting Uganda’s economy to middle income status. Rugunda was speaking as Chief Guest at the first annual Coffee and Tourism Symposium and Exposition at Golden Tulip …
Read More »
Will American firm regain its top position? Kampala, Uganda | ISAAC KHISA | The American Insurance Group (AIG) has re-entered the Ugandan market, exactly two years after its exit, citing a re-alignment of its global business strategy. Local industry players have naturally warmed up to AIG’s re-entry into Uganda saying …
Read More »
The Independent Uganda: You get the Truth we Pay the Price