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 …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Deputy Resident District Commissioner Kiruhura has ordered police to crack down on illegal money lenders. The order stems from increasing complaints in which many borrowers continue to lose property to illegal money lenders. The directive comes barely a day after a team from the …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Catherine Wines is a Co-founder of World Remit – a global money transfer company. She spoke to The Independent’s Julius Businge about the trends in the international money transfer market. How big is your business at the moment? WorldRemit processes more than one million …
Read More »
U.S. politics has been corrupted by money, gerrymandering and massive attempts at disenfranchisement COMMENT | JOSEPH E. STIGLITZ | All eyes are on the United States as November’s Congressional elections approach. The outcome will answer many alarming questions raised two years ago, when Donald Trump won the presidential election. Will the …
Read More »
Kampala, Uganda | THE INDEPENDENT | Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January …
Read More »
Kampala, Uganda | THE INDEPENDENT | On a tour and annual retreat to the Karamoja region last week, European diplomats were asked by local leaders to be sending funds directly to them other than sending it through the respective ministries, a thing that was opposed by Minister John Byabagambi. “We want …
Read More »
Geneva, Switzerland | AFP | If someone tells you they flushed more than a hundred grand down the toilet, chances are they’re referring figuratively to a bad investment, or an outrageous extravagance. But in Switzerland, prosecutors have opened an investigation into why two people literally tried to cram about 100,000 euros …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank and MTN Uganda Limited have signed an agreement to allow MTN Mobile Money collections for corporate and business clients directly into their bank accounts, officials said in a press release shared on Sept. 15. The new service is called Straight2Bank Wallet Collections …
Read More »
VIDEO: Diaspora Ugandans launch cheap money transfer service Kampala,Uganda | NTV UGANDA | A group of Ugandans in the U.S. have come up with pre-paid card that shall be used by Ugandans in the Diaspora to send and withdraw money. The card known as UBER PESA was unveiled at the Uganda …
Read More »
Kampala, Uganda| GODFREY SSALI| Bank of Uganda (BOU) has defended itself in a suit filed against it over misuse of money at the late Ivan Ssemwanga’s burial, maintaining that it duly executed its duty in this matter and cannot be faulted for failing to take any action. The case came …
Read More »
The Independent Uganda: You get the Truth we Pay the Price