The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the
Gold prices surged beyond $5,000 per ounce for the first time, as investors rushed to the safe-haven asset as concern spread that US President Donald Trump is upending relations with key allies from Europe to Canada.In this year’s first 26 days, the price of gold has jumped 15%, building
Preamble: A Warning from the SourceWe issue this not as a lament, but as a diagnosis of a living crisis. We document not a natural passing, but a designed dismantling. The clan-based cultural groups of Uganda—ancient, sophisticated systems of ecological governance and social belonging—
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
As campaigns gather momentum, Nambooze faces stiff competition in Mukono Municipality from a crowded field that includes Rev. Peter Bakaluba Mukasa, education entrepreneur Hannifer Nabukeera, and NRM’s Sarah Daisy Ssonko Nabatanzi, among several independent contenders. Betty Nambooze (C
The National Unity Platform (NUP) has suspended Kyambogo University Guild President Andama Emmanuel for six weeks after he attended a closed-door engagement organised by the State House Investors Protection Unit, a body under the Office of the President.In a statement released on January 9
The State House Anti-Corruption Unit (SH-ACU) has arraigned and secured the remand of Godfrey Ssekidde Lubowa, a notorious fraudster who for years impersonated a senior Uganda People’s Defence Forces (UPDF) officer under the alias “Maj Gen Sam Kiwanuka,” after he defrauded a Kenyan investor
2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ
A team from the China-Uganda Mbale Industrial Park briefs President Museveni and First Lady Janet Museveni. Far right is Luke Wang, Managing Director, Tian Tang Group, and Lucy Zhang, Group CEORWAKITURA, Uganda | THE INDEPENDENT | President Yoweri Museveni has approved a proposal to estab
Exclusive: Museveni drops Lt. Col. Mercy Tukahirwa as Commander of UPDF Fisheries Protection Unit Lt Col Mercy Tukahirwa has been sent to Gen Nalweyiso's officePresident Yoweri Kaguta Museveni has ordered the immediate dissolution of all landing site committees on Uganda’s lakes a
