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Tag Archives: Uganda

DRC is Uganda’s top trade surplus partner – BoU

Kampala, Uganda | THE INDEPENDENT | The Democratic Republic of Congo (DRC) was Uganda’s number one source of trade surplus in 2020 according to Bank of Uganda trade statistics, and road projects launched yesterday by President Museveni and his DR Congo counterpart Felix Antoine Tshisekedi will likely further boost Uganda’s trade …

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Strong political parties are necessary evil

Often blamed for causing violence and instability, they can bring stability and development if well harnessed COMMENT | MUKALAZI DEUS MUBIRU | President Museveni’s dislike for political parties is not a secret. He banned political parties once he captured power in 1986 and only allowed to have them back on …

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Mixed performance for private sector activities

Rising customer numbers support expanding private sector output according to Stanbic Bank Uganda index Kampala, Uganda | JULIUS BUSINGE | Growth was recorded again in the Ugandan private sector during May, with output, new orders and employment all rising over the course of the month, according to the monthly Stanbic …

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Kayunga District LCV Chairperson Sserubugo dead, suicide suspected

Mukono, Uganda | THE INDEPENDENT | The newly elected LCV Chairperson Kayunga District Ffefeka Sserubugo is dead. Sserubugo is alleged to have committed suicide on Tuesday night. According to Hellen Kyomuhendo, the acting District Police Commander Mukono, Sserubugo’s body was found by relatives hanging on a tree this morning. Police …

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Banks post third profit decline in 10 years

Several potential vulnerabilities remain related to the pace of the economic recovery and its effect on the income and loan repayment capacity of firms and households Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks recorded the third drop in full year profits in 10 years weighed down by increased …

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Eddie Mutwe, Nubian Li out on bail

Kampala, Uganda | THE INDEPENDENT & URN | National Unity Platform (NUP) party members, Eddie Mutwe and Nubian Li have been released on bail by the General court martial. Ali Bukeni aka Nubian Li is Robert Kaygulanyi’s singing partner, while Eddy Ssebufu aka Eddie Mutwe is the head of his personal bodyguards. They …

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