Kampala, Uganda | URN | A devastating fire has gutted Wandegeya Police Barracks, destroying property. The fire, which started on Thursday evening at around 4:30 pm, razed more than 10 makeshift housing units in the barracks, leaving police officers counting losses. Didan Nuwaleba, a Police Constable attached to Wandegeya …
Read More »Uganda commits to transparency in oil and mineral revenues
Kampala, Uganda | URN | The government reiterated its commitment to ensuring transparency and accountability in managing funds from the country’s extractive sector, including oil, gas, and other natural resources. The commitment comes as the latest extractive industry report shows that companies disclosed about 261 million shillings in social expenditure …
Read More »Equity Bank Uganda champions sustainable financing at 3rd CEOs’ Breakfast Meeting
Uganda’s Green Economy Push Takes Centre Stage at CEO Breakfast Meeting Kampala, Uganda | THE INDEPENDENT | The conversation around Uganda’s green transition is no longer about whether the country can afford it. It is about whether it can afford not to act. That was the message from …
Read More »Fertilizer cost pressure looming as Iran crisis disrupts supplies
Kampala, Uganda | URN | Ugandan farmers are facing high fertilizer costs as disruptions to international supplies linked to the Iran crisis raise concerns about the cost of agricultural production and the availability of farm inputs for coming planting seasons. A 50-kilogram bag of urea was selling at about …
Read More »Kenya Pipeline looks beyond oil transport as profit rises 13% to KSh11.58bn
State-linked infrastructure group targets KSh68bn in annual revenue by 2030 as it seeks to capitalise on East Africa’s growing petroleum trade Nairobi, Kenya | THE INDEPENDENT | Kenya Pipeline Company Plc is seeking to expand beyond its traditional business of transporting and storing petroleum products, targeting annual revenue …
Read More »Uganda’s economy faces a squeeze from higher rates and rising costs
The Bank of Uganda cut its growth forecast for the 2026/27 financial year to between 6% and 6.5%, from an earlier projection of 7% to 7.5% Kampala, Uganda | AGENCIES | Uganda’s central bank has raised its benchmark interest rate to 12% for the first time in two …
Read More »Uganda, South Sudan sign trade MoU, pledge to ease border tensions
Kampala, Uganda | NEWS CORRESPONDENT | Uganda and South Sudan have signed a memorandum of understanding (MoU) on trade, with officials saying joint technical committees will be set up to oversee its implementation and tackle delays and costs facing traders on the route between the two countries. The deal …
Read More »BOTTOM LINE: Uganda must earn more dollars than it spends – year after year
The strongest protection is not just raising interest rates or special windows for dollars. It is building an economy that sells more than it buys from the rest of the world COMMENT | MORRISON RWAKAKAMBA | In simple words, Uganda needs to earn more dollars than it spends, year …
Read More »Uganda, Kenya agree to scrap barriers choking cross-border trade
Kampala, Uganda | URN | Uganda and Kenya have agreed to remove remaining barriers that restrict the free movement of goods between the two countries, reaffirming their commitment to the East African Community Common Market as officials concluded a joint meeting in Kampala on Monday. The discussions, led on the …
Read More »Global diesel crisis adds to Uganda’s fuel price pressures
Kampala, Uganda | URN | The International Energy Agency is urging governments to accelerate emergency oil stock releases as disruptions in the Strait of Hormuz and reduced Russian supplies tighten global diesel markets. In Uganda, Energy Minister Monica Musenero said international prices, a weakening shilling and higher fuel taxes …
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The Independent Uganda: You get the Truth we Pay the Price