They could play a role in natural waste reduction, especially for types of plastic that are resistant to conventional recycling methods ANALYSIS | FATHIYA KHAMIS | There’s been an exciting new discovery in the fight against plastic pollution: mealworm larvae that are capable of consuming polystyrene. They join the ranks of …
Read More »Broken promises
How a Museveni-endorsed Onion project turned into a Shs500 million scandal in Rukungiri Rukungiri, Uganda | JULIUS BUSINGE | In a heartbreaking twist, the residents of Rukungiri District have watched their dreams of a better life vanish, as an onion project endorsed by President Museveni turned into a devastating loss of …
Read More »Centenary Bank to invest $15 million in core IT system
Kampala, Uganda | THE INDEPENDENT | Centenary Bank Managing Director, Fabian Kasi, has emphasized the strategic importance of technology investment in maintaining the bank’s competitive edge, as the institution allocates $15 million to upgrade its core banking IT systems. Kasi, who shared his insights during the 62nd CEO Breakfast Meeting organized …
Read More »Africa is richer than you think
African finance experts at COP29 want that wealth measured in new ways ANALYSIS | THE INDEPENDENT | Akinwumi Adesina, the president of the African Development Bank (AfDB) has stirred up new thinking around financing for the continent at the COP29 by insisting on a revaluation of its green wealth. Adesina on …
Read More »Traditional healing of mental illness
Colonial powers tried to stifle it and failed and today it’s a powerful force ANALYSIS | MAJA JAKARASI | In Zimbabwe’s Shona language, mental illness is known as chirwere chepfungwa or kupenga. Before British colonial settlers arrived in 1890, traditional healers (n’anga) played an important role in helping people to manage …
Read More »New online tool to combat money laundering in Uganda
Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …
Read More »Innovative financing to unlock Africa’s Blue Economy
Countries can leverage on creative financial tools such as debt swaps, green bonds, blues bonds, and others, to unlock resources needed to protect marine ecosystems, drive economic growth, and support climate adaptation COMMENT | JEAN – PAUL ADAM | Securing new financing for global good has become more challenging than ever. …
Read More »The end of US democracy was all too predictable
Philosophers have understood how demagogues come to power in free and fair elections, only to overthrow democracy and establish tyrannical rule COMMENT | JASON STANLEY | Like others, since late Tuesday night (November 5), my phone has been blaring with text messages asking how this could have happened (as some of …
Read More »QCIL records over 500% profit growth to Shs 22bn
The company has declared an interim dividend of Shs 3.5 per share, payable on or before December 12 Kampala, Uganda | THE INDEPENDENT | Kampala-based pharmaceutical firm, Quality Chemical Industries Ltd. (QCIL), has posted an impressive Profit After Tax of Shs 22.05 billion for the half-year period ending September 30, marking …
Read More »Uganda launches online platform to boost local marine insurance
To allow users time to adapt, the government has set a compliance deadline of December 31, 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance regulator, Insurance Regulatory Authority of Uganda (IRA), in partnership with the Uganda Revenue Authority (URA), has launched an integrated online platform dedicated to marine and goods-in-transit …
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