The first week of October has not been smooth sailing for the Uganda shilling. By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …
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Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …
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American to build refinery? Deal could be blow to sanction-strapped Russians Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the US$4 billion oil refinery, have learnt to stay cool under pressure. Behind their cool fronts, however, they are working in …
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Nairobi, Kenya | AFP | Kenya Airways, already facing financial difficulties and a threatened pilots’ strike, cancelled five flights on Sunday after outsourced cabin crew walked off the job. While the stoppage only involved a small number of workers, it coincides with a deep malaise at the airline, which in …
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Johannesburg, South Africa | AFP | Uganda’s number one goalkeeper Dennis Onyango is among 30 nominees named for the 2016 African Player of the Year football award. Onyango plays for Mamelodi Sundowns of South Africa who moved closer to a fairy-tale CAF Champions League title with a 3-0 home victory over Zamalek of …
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Muhanga, Rwanda | AFP | “Three, two, one, launch!” And with that, catapulted from a ramp, the small fixed-wing drone buzzes into the air towards its pre-programmed destination, the Kabgayi hospital two kilometres away. On Friday Rwanda inaugurated a drone operation that its backers hope will kickstart a revolution in …
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Chinese Business Community living in fear of being chased out of Uganda Trade Minister Amelia Kyambadde has asked Chinese doing business in Uganda to stop engaging in petty trade to avoid causing hostility among locals. Some Ugandan have for long complained about foreign petty traders depriving them of work. Kyambadde me …
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THE LAST WORD: Uganda’s stalled transformation: Andrew Mwenda on Why Museveni has not transformed agricultural Uganda into an industrial economy and what can be done. COVER STORY: Americans to build refinery? Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the …
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Addis Ababa, Ethiopia | AFP | Kenya, Senegal and Chad will each nominate a candidate to become the new head of the African Union, which failed to choose a successor to Nkosazana Dlamini-Zuma in July. A list of candidates, obtained by AFP but not yet made public, includes Kenya’s foreign …
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The High Court has acquitted the widow of murdered businessman Eria Ssebunya Bugembe aka Kasiwukira. Sarah Nabikolo Ssebunya was acquitted Wednesday by Justice Wilson Masalu Musene but her co-accused, including cousin sister Sandra Nakungu and a Muyenga-based policeman Jayden Ashiraf, were found guilty and convicted for the 2014 murder of …
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The Independent Uganda: You get the Truth we Pay the Price