The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today.The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic act
With oil production expected to start soon, Dr Julius Kipng’etich projected even stronger growth over the next two to three decades, potentially transforming Uganda into one of the continent’s largest economies.Insurers in Uganda and across the East African region have been called to
Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent management overhaul, the latest Auditor General’s report reveals.The audit report released on December 31, 2025 by Auditor G
Nelson Kabanda, who is spearheading the registration of the affected traders, said they had been surviving on their own, but that is now impossible since the fire did not spare any businesses. Kabanda explained that furniture traders even lost the equipment used for processing timber.More
Salon Owners at the Equity Bank Salon Owners Seminar at Pope Paul Memorial Centre LubagaKAMPALA, Uganda — Two years ago, Jessica Muteteri’s salon was failing. Rent was overdue, utility bills were mounting and staff wages felt like a chokehold on her enterprise.The struggle chang
President Yoweri K. Museveni has directed the government to support Base Seven Company in developing a major international airport at Nyakyisharara, near Mbarara, transforming the existing aerodrome into a “mega” transport hub.In a Feb 11, 2026, letter to Prime Minister Robinah Nabbanj
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.
Insider sources allege a quiet legal consultations aimed at challenging Joan Namutaawe’s Masaka District Woman MP election victory, though no petition has yet been filed.A photo collage of Masaka District Woman MP-elect Joan Namutaawe (NUP) and NRM candidate Joanita Nalule, whose closely
Mukono, Uganda | THE INDEPENDENT | Mukono Municipal Council has agreed to cover open drainage channels along sections of the Nasuti–Nakabago–Ntawo and Bajo–Seeta roads, following sustained safety concerns from residents, traders, and road users.Town Clerk Francis Byabagambi said the
Last week, the minister for Kampala affairs, Hajjat Minsa Kabanda, issued an ultimatum to city vendors to vacate the streets and relocate to the 2000 free workspaces across the KCCA markets around the city.This was received with considerable interest. mixed reactions among people: one grou
