Continental Reinsurance opens Botswana's first reinsurer public offer

  The BWP409 million in new proceeds will be used to strengthen the group's balance sheet, support its pursuit of an A financial strength rating, expand its core underwriting business   NEWS ANALYSIS | THE INDEPENDENT | Africa's re-insurer, Continental Reinsurance Holdings Limited, has opened a $156.1 million public offer on the Botswana Stock Exchange, … The post Continental Reinsurance opens Botswana's first reinsurer public offer appeared first on The Independent Uganda:.

UDB turns public capital into jobs and factories

    The lender approved Shs518.4 billion in new financing for 120 projects across Uganda and disbursed Shs502.2 billion   NEWS ANALYSIS | JULIUS BUSINGE | Uganda Development Bank (UDB) is expanding its role as a source of long-term capital for businesses, with increased lending helping companies create jobs, raise production and strengthen their contribution … The post UDB turns public capital into jobs and factories appeared first on The Independent Uganda:.

After mass withdrawal of defense team, Obeid Lutale calls up daughter in treason trial

  Kampala, Uganda | URN | Following the arrest of Erias Lukwago, the deportation of Martha Karua and mass withdrawal of the other defense lawyers, treason suspect Obeid Lutale has turned to his daughter to represent him in front of the trial judge Emmanuel Baguma. Mariam Lutale, the daughter of treason suspect Obeid Lutale, has joined … The post After mass withdrawal of defense team, Obeid Lutale calls up daughter in treason trial appeared first on The Independent Uganda:.

Kasozi takes a 1-shot lead as Uganda Amateur Open tees off

  Kampala, Uganda | PHILLIP CORRY | Joseph Kasozi leads the 94th Johnnie Walker Uganda Amateur Open by 1 stroke after battling on a rain-affected course on day one at the Uganda Golf Club. Kasozi sunk birdies on holes 1,5,8,10,14 and 15, with a bogey on hole 12, as he carded an opening round of 4 under-par … The post Kasozi takes a 1-shot lead as Uganda Amateur Open tees off appeared first on The Independent Uganda:.

Mass arrests in global crackdown on West African cyber-crime networks

The operation included the arrest of 39 people in South Africa for romance and investment scams.

Nigerias president orders manhunt after kidnappers upload victim video

The footage shows dozens of men, women and children sitting in a forest.

Katumba hails police cadet intake 2001 for producing top officers

Kampala, Uganda | URN | A group of Uganda Police Force officers who joined the institution in 2001 has marked 25 years of service, with former Inspector General of Police Gen. (Rtd) Katumba Wamala commending them for producing some of the Force's most dependable and accomplished officers. The 70 members of Cadet Intake 2001 celebrated their … The post Katumba hails police cadet intake 2001 for producing top officers appeared first on The Independent Uganda:.

How viable is moving Uganda's Capital City from Kampala?

NEWS ANALYSIS | URN | The idea of moving Uganda's capital from Kampala to Nakasongola has returned to the national conversation, reviving a debate that has periodically surfaced in Ugandan politics and physical-planning circles. The latest discussion centres on whether government should gradually relocate political and administrative functions from Kampala to a purpose-built urban centre … The post How viable is moving Uganda's Capital City from Kampala? appeared first on The Independent Uganda:.

Ethiopia submits official bid to host Afcon 2028

Ethiopia submits a bid to host the 2028 Africa Cup of Nations despite lacking enough stadiums to host a 24-team tournament.

Tanzanias vice-president announces resignation in unprecedented move

Emmanuel Nchimbi is the first vice-president to quit since independence six decades ago.

What world Lion Day teaches us about protecting our financial future

  A Lion Doesn't wait for the storm   COMMENT | MOSES MUGALU | Every August 10, the world celebrates the lion, an animal associated with strength, courage, leadership and protection. But beyond its imposing presence, perhaps the most important lesson the lion offers is one of preparedness. A pride survives not because it can predict … The post What world Lion Day teaches us about protecting our financial future appeared first on The Independent Uganda:.

Taxi fares rise as DMC crackdown leaves passengers stranded

Kampala, Uganda | URN | Taxi fares across Kampala and surrounding areas have risen as a traffic police crackdown on old and mechanically defective taxis, aka DMCs, leaves hundreds of vehicles off the roads. The shortage of taxis has affected passengers along several routes, with operators taking advantage of increased demand to raise fares. Passengers travelling … The post Taxi fares rise as DMC crackdown leaves passengers stranded appeared first on The Independent Uganda:.

Trump envoy calls for Sudan-wide arms embargo as drone attacks escalate

A wider arms embargo would require a UN Security Council vote - and Russia and China oppose the move.

Drunkenness, Mistrust Among Families Fueling GBV in Northern Uganda

Dilapidated "Taxis" flood Kampala roads at night after daytime crackdown

Kampala, Uganda | URN | Commuter taxis in dangerous mechanical condition returned to Kampala roads late in the evening, after largely avoiding a daytime police operation targeting vehicles unfit for the road. Most drivers of the old and worn-out taxis, locally known as Gganyegenya, stayed off the main routes during the day. They left their … The post Dilapidated "Taxis" flood Kampala roads at night after daytime crackdown appeared first on The Independent Uganda:.