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Tag Archives: COVID-19

Absa: Economy is struggling but outlook is positive

Oil, agriculture and BoU to determine the recovery path, executives say Kampala, Uganda | THE INDEPENDENT | Economic recovery in the coming years will largely depend on oil and gas, agriculture and Bank of Uganda’s monetary policy decisions, according to Absa Bank Uganda executives. Speaking via a recent virtual conference …

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Mutebile keeps central bank rate at 6.5%

Says private sector credit growth remains subdued driven largely by low demand Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s decision to keep the central bank rate unchanged at 6.5% in the next three months has sent a signal to the market that Covid-19 containment measures are still a …

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Busia gets all purpose ambulance

Busia, Uganda | THE INDEPENDENT | Masafu general hospital in Busia district has received an ambulance with a high dependency medical equipment. The sh110 million shillings fully equipped ambulance has medical equipment like Oxygen supplying system, defibrillator for patients with heart problems, patient monitoring system, patients’ bed, first aid kits …

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Kyagulanyi calls for reopening of schools

Kampala, Uganda | THE INDEPENDENT | The National Unity Platform-NUP President Robert Kyagulanyi Ssentamu has asked the government to reopen schools as soon as possible to avert what he called a waiting catastrophe. Speaking on Friday at the party headquarters to remember the lives of his supporters who have died in …

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