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Tag Archives: Business

Police officers bicker over space in Nsambya barracks

Kampala, Uganda | THE INDEPENDENT | There is bickering in Nsambya police barracks resulting from the allocation of space and housing to serving and retired police officers. A number of retired and serving police officers including former local council leaders are up in arms against their colleagues who have been allocated …

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Finance Trust Bank unveils new corporate head offices

Kampala, Uganda | THE INDEPENDENT |  Finance Trust Bank is marking its 38th anniversary, and to crown it, the bank has moved its headquarters from the suburb of Katwe to TWED Plaza, Lumumba Avenue, Nakasero. A ceremony highlighting the move was held on Friday —presided over by Tumubweine Twinemanzi, the …

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Ugandans survived the COVID-19 lockdown but might not live through the current financial one

COMMENT | Alfred Geresom Musamali | It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement …

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IN THE INDEPENDENT: European bias against EACOP

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY European bias against EACOP: Don’t dismiss it. Disprove it THE LAST WORD Inside Museveni’s private favours: How the president’s approach of allocating favours to individual firms has undermined the development of a robust …

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PDM cash to go direct to SACCOS

Kampala, Uganda | THE INDEPENDENT | In a bid to curb the embezzlement of the Parish Development Model (PDM) funds, the government will start disbursing the revolving funds directly to Sacco group accounts. The parish Revolving fund is a capitalization grant from the government to SACCOs meant for lending to …

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