UDB Managing Director Patricia Ojangole addresses stakeholdersKAMPALA — The Uganda Development Bank has secured a 40 million euro credit line, approximately 169 billion shillings, from the French Development Agency to expand financing for enterprises across the country.The facilit
A fresh dispute has emerged within Uganda’s music industry after Eddy Kenzo accused fellow artist Bebe Cool of misrepresenting information to President Yoweri Museveni regarding funds reportedly allocated for studio equipment.Speaking during an interview at the Uganda National Museum, Ke
@IGGUganda has arrested six senior officials from Kabale District Local Government together with a contractor over alleged embezzlement of public funds. This bold action shows the institution’s growing determination to fight corruption and protect public resources meant to serve citizens.
Ugandan media personality Isaac Katende, better known as Kasuku, secured a pledge of Shs 5 billion from State House during the second edition of the Jazz with Jajja interaction held at President Yoweri Museveni’s Kisozi ranch.Ugandan media personality Isaac Katende, better known as Kasuk
The Kabale Grade I Magistrate’s Court has convicted Angello Twinomuhangi Bagorogoza, a former Rukungiri District LC5 chairperson aspirant, on two counts of theft and obtaining money by false pretence involving Shs 440 million.Twinomuhangi, who previously served as a political aide to for
Bushenyi, Uganda | THE INDEPENDENT | Police in Bushenyi are holding two suspects in connection with alleged human trafficking.Apollo Tayebwa, the Greater Bushenyi Police spokesperson, said ten girls aged between 18 and 22 — most of them Senior Four leavers — were rescued on Friday nigh
If we become permanent members of BRICS, the most obvious benefit shall be economic. Our economy relies heavily on agriculture, raw materials, and a growing services sector. We need big markets like those of China and India for our agricultural produce.Uganda has a young population, with a
A scathing report from Uganda’s auditor general has uncovered deep financial and operational dysfunction at the National Drug Authority. From idle billions in unclaimed deposits to vacant floors in its headquarters, the agency faces growing questions about its ability to regulate the nation’s
The President of Kenya and Chairperson of the East African Community (EAC) William Samoei RutoKenya’s President William Ruto has called for an emergency summit of Heads of State of the East African Community (EAC) to attempt to deal with mounting financial crisis at the regional bloc.
Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po
