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The Independent

Kenyan MPs vote to impeach deputy president

Gachagua, a wealthy businessman from the vote-rich Mount Kenya region, battled previous corruption scandals to become Ruto’s running mate in a closely fought election in August 2022 ANALYSIS | AGENCIES | On Oct.08, Kenyan MPs did the unthinkable voting overwhelmingly in favour of removing the country’s deputy president over accusations of …

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Rethinking Foreign Funding for Africa

African countries’ large and growing debt burdens have become a major obstacle to poverty reduction COMMENT | KENNETH ROGOFF | How long can the complacent West continue to ignore Africa’s sovereign-debt crisis? As African countries grapple with unsustainable debt burdens, restructuring negotiations with Western governments and multilateral institutions such as …

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Africa’s food security depends on adaptive crops

Africans are increasingly reliant on the small number of staple crops that dominate global agriculture, despite the nutritional and environmental benefits of indigenous crops such as millet, sorghum and  teff, COMMENT | AGNES KALIBATA & FOWLER | Africa’s food systems are facing myriad challenges, from climate shocks and low productivity …

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Increased funding and strategic recommendations dominates 13th Mineral Wealth Conference

The conference concluded with a strong emphasis on national content development, recommending that mining regulations incorporate strategies to boost Ugandan participation Kampala, Uganda | JULIUS BUSINGE | The urgent need for increased funding in Uganda’s mineral sector took center stage at the 13th Mineral Wealth Conference, held in Kampala from Oct.1-2. …

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Uganda’s financial institutions posts record Shs1.4 trillion profit

Stanbic Uganda Holdings Ltd, Centenary Bank, and Absa Bank Uganda accounted for 60% of the industry’s aggregate profit Kampala, Uganda | THE INDEPENDENT | Uganda’s supervised financial institutions including commercial banks, micro-deposit-taking institutions (MDIs), and credit institutions, recorded a combined profit of Shs1.4 trillion for the year ending June 2024, a …

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PostBank disburses Shs6bn of GROW loans

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda, committed to its mission of “Fostering Prosperity for Ugandans,” has disbursed the first tranche of the GROW Loan, amounting to Shs6 billion. The funds have been distributed to 353 women entrepreneurs as part of a project funded by the World Bank and implemented …

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