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Cover Story

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Fall of the legends  

From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …

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No crooks with cash

Museveni, MPs plot less money in next election Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s ruling NRM party spent Shs13 billion on the 996 national election, Shs30 billion in 2001, Shs50 billion in 2006 billion and Shs75 billion in 2011. In the 2016 elections, some estimates indicate, the ruling …

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Justine Bagyenda

Why former BoU supervision director defied parliamentary probe Kampala, Uganda | HAGGAI MATSIKO | A sitting of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) which is probing Bank of Uganda’s dissolution of seven commercial over 23 years turned dramatic on Nov.20 when central bank officials contradicted …

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Musisi walks-out

The real story behind Kampala, Uganda | AGNES E. NANTABA | Events that led Jennifer Musisi, the Executive Director of Kampala Capital City Authority (KCCA) to offer to resign appear to have climaxed on Oct. 05. But when The Independent interviewed her soon after she announced her resignation, Musisi insisted on …

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