Kampala, Uganda | THE INDEPENDENT | The Uganda National Boxing Team, the Bombers, failed to secure a single Olympic slot through the 2024 Paris Olympic Games qualifiers tournament held in Dakar, Senegal. All six boxers who represented the country in the Dakar qualifiers were eliminated, including the team captain, Joshua Tukamuhebwa. …
Read More »The naked truth about American used-clothes
Why Uganda can’t live without clothes of `dead people’ COVER STORY | THE INDEPENDENT | On Sept.10 President Yoweri Museveni revealed that some American cloth manufacturing companies have cancelled orders of textiles from Uganda because of the Anti-Homosexual Act (AHA) he signed into law in late May. “The homosexuals in the …
Read More »Bankers institute, Police launch training course as Uganda fights financial grey list
Kampala, Uganda | THE INDEPENDENT | Uganda’s financial industry is still a step away from being internationally blacklisted over safety concerns, more than three years after the alarm was sounded by the Financial Action Task Force, FATF. FATF, an intergovernmental organization that monitors the global financial industries for financial crime, examined …
Read More »Activitsts urge Govt to regulate school fees to foster human capital development
Kampala, Uganda | THE INDEPENDENT | Rights activists have reignited the demand to regulate school fees. The call comes over a week after the State Minister for Higher Education John Chrysostom Muyingo told Parliament that there would be no such policy by the government. At the 10th annual national conference …
Read More »FUFA ends Micho contract
Kampala, Uganda | THE INDEPENDENT & URN | Soccer governing body FUFA has ended the contract of Uganda Cranes coach Milutin Micho Sredojević days after failing to qualify for the Africa Cup of Nations. According to a statement released by FUFA on Thursday, both parties had reached a mutual agreement …
Read More »Implementation of Uganda’s energy policy to cost Sh930 trillion
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has officially launched an ambitious Energy Policy for Uganda, which is set to require an estimated USD 250 billion, approximately Shillings 930.881 trillion, to implement over a span of 17 years. The launch of the Energy Policy …
Read More »MTN to buy one million Ugandan-manufactured smartphones
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has pledged to support the local assembly and manufacturing of smartphones by purchasing one million handsets. Smartphone penetration is still below 40% in the country and lowering the cost of handsets will go a long way to improve overall penetration. Speaking at the …
Read More »Uganda’s economy shows mixed trends
Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …
Read More »Uganda’s dairy exports to Algeria start next month
Kampala, Uganda | THE INDEPENDENT | Uganda’s first official dairy exports to Algeria will start next month, the Dairy Development Authority (DDA) has revealed. Uganda and Algeria signed the diary deal in March this year. Uganda is expected to export milk products worth up to USD 500 million to the North African country. At …
Read More »Salaam bank gets first Islamic banking license in Uganda
Kampala, Uganda | THE INDEPENDENT | Salaam Bank Uganda Ltd has become the first commercial bank to acquire a license to offer Islamic banking services in Uganda. Salaam Bank is a Ugandan subsidiary of Salaam African Bank of Djibouti, through Top Finance Bank which it acquired in August last year. Salaam …
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