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Tag Archives: Nuwagaba

Bank of Uganda in 100% surplus increase despite year of troubles

Kampala, Uganda | URN | The Bank of Uganda recorded a surplus of 1.32 trillion in the financial year 2025/26, representing a 100 per cent increase from the previous year, while boasting lower than forecast expenditure figures. ‎ ‎These results reflected budget discipline, ‎prudent expenditure management, and responsible deployment of …

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The enemy within State House

  How a crook infiltrated the highest office in Uganda and caused untold disruption   Kampala, Uganda | THE INDEPENDENT INVESTIGATION TEAM | Erina Kagisha is the wife of the former commander of SFC, Maj. Gen. Don Nabasa. She works in the legal department of the Office of the President at …

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“The President’s man”

  How Stephen Nuwagaba has manipulated powerful individuals and extorted large sums of money from them   Kampala, Uganda | THE INDEPENDENT INVESTIGATION TEAM | On March 17, 2025, Gen Salim Saleh received a visitor sent to him by human rights lawyer Nicholas Opiyo at his residence in Gulu. The visitor …

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BoU Deputy Governor pushes for increased insurance penetration

Kampala, Uganda | THE INDEPENDENT | Uganda’s Insurance Industry has been advised to focus on cheap and convenient means of payment for services to boost penetration. Dr Augustus Nuwagaba, the Deputy Governor of the Bank of Uganda, says all industries today are innovating in payments, primarily through digitisation, because the …

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Taxi driver confesses to killing four women on Entebbe road

Kampala, Uganda | THE INDEPENDENT | Isaac Nuwagaba, a taxi driver operating on Entebbe Road, has shocked crime intelligence and flying squad teams by confessing to the murder of four women, whom he killed for allegedly cheating on him. Nuwagaba was tracked and arrested over the weekend from his hideout at …

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Uganda Cricket Association chairman resigns

Kampala, Uganda | THE INDEPENDENT | The Uganda Cricket Association (UCA) has been hit by the sudden departure of three high-ranking officials in just two months. The most recent blow to the association was Chairman Michael Nuwagaba’s resignation over the weekend, barely a few months after his reappointment in March. …

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Government, Ugandans warned against borrowing to ‘Impress People’

Kampala, Uganda | THE INDEPENDENT | The government of Uganda and individuals at family levels have been cautioned against borrowing for the sake of impressing others. The cautionary call has been sounded by seasoned Makerere University Professor of Economics, Augustus Nuwagaba amidst concern about the increasing public debate. “It is …

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