Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
Kampala — Uganda’s communications regulator has ordered television broadcasters to immediately stop running split-screen advertisements during news and current affairs programmes, ruling that the practice violates national advertising and broadcasting standards.The directive follows a
Ugandans will be asked to pay more than UGX 2.368 trillion in taxes over the next five years to cover the salaries of officers and staff of the Uganda Police Force (UPF). This revelation came from Aggrey Wunyi, the Undersecretary of the Uganda Police Force, when he appeared before Parliament’s
Drama unfolded in Mukono on Friday after the district returning officer declared two LC5 chairpersons in one day, triggering allegations of coercion, ballot stuffing, and military intimidation.In the heated Mukono Poll Drama: Two Chairpersons; NRM's Francis Lukooya Mukoome (L) and NUP's Jo
An offer made 16 years ago to sell 500 Bitcoin (CRYPTO: BTC) for just $1 is trending online.The world’s largest cryptocurrency exchange, Binance, celebrated Bitcoin’s valuation surge by sharing a 2010 Bitcointalk post on X. In the post, a user offered a digital image for 500 BTC, which
President Yoweri Kaguta Museveni has commended the growing collaboration within Uganda’s Judiciary, saying it has played a key role in ensuring stability and improving service delivery in the country. The President made the remarks on Saturday while presiding over the swearing-in ceremony of Dr
Municipality parliamentary elections has sent shockwaves through Uganda's political circles, particularly given his long-standing status as one of the opposition's most vocal and recognisable figures.His loss to National Unity Platform (NUP) candidate George Musisi, a seasoned Kampala-base
The just-concluded district local government elections have delivered a mixed verdict for incumbents, returning political veterans, and first-time challengers, with voters in several districts opting for change while others reaffirmed familiar leadership. An empty polling stationThe
Lord Mayoral Candidate Engineer Ronald Balimwezo accompanied by his wife going to cast their Votes at Mutungo Zone 4 in Nakawa Division.Kampala, Uganda | THE INDEPENDENT | Unofficial preliminary results from most centres across Kampala indicated that Ronald Nsubuga Balimwezo of NUP led at
He previously faced sustained criticism from opposition politicians and sections of civil society over the handling of the 2021 presidential election petition challenging President Yoweri Museveni’s re-election.Owiny-Dollo attended luncheon with Justices of the Supreme Court alongside ju
