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The Independent

Uganda Baati, NFA start restoring Mubuku forest reserve

Kasese, Uganda | THE INDEPENDENT & URN | The National Forestry Authority-NFA has launched a drive to restore 10 hectares of Mubuku Central Forest Reserve in Kasese district. The campaign will be implemented jointly with Uganda Baati Limited, a member of Safal Group. NFA signed an agreement with Uganda Baati in …

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MTN fights mobile money tax, pays UGX123bn in dividends

Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …

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G7 summit opens in Japan’s Hiroshima amid waves of protests

Hiroshima, Japan | Xinhua | Amid waves of protests, the Group of Seven (G7) leaders’ annual summit got underway on Friday in Japan’s western city of Hiroshima. Hundreds of protesters from all over the country, even abroad, gathered in Hiroshima’s Funairi Daiichi Park, not far from the summit’s venue, to decry …

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Premier League title may be decided this weekend

London, UK | Xinhua | The Premier League prepares for another huge weekend of matches which could see the title decided with two matches left to play. The races to qualify for the UEFA Champions League and to avoid relegation are just as close as ever in what promises to be …

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Winners and losers in the AI arms race

Generative artificial-intelligence models like ChatGPT will revolutionize the economy, though no one can say when COMMENT | BARRY EICHENGREEN | The first rule of forecasting, the financial journalist Jane Bryant Quinn once observed, is this: give them a forecast or give them a date; just never give them both. So, here’s …

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How Europe’s carbon border tax could help Africa

The EU’s carbon border adjustment mechanism is designed to lower greenhouse-gas emissions and encourage cleaner industrial production beyond its borders COMMENT | CARLOS LOPES | As the European Union pursues vigorous efforts to achieve its targets under the Paris climate agreement, the bloc’s proposed carbon border adjustment mechanism (CBAM) offers the …

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Dollar relief for the global south

The Fed’s dramatic interest-rate hikes have had dire implications for debt sustainability in the developing world COMMENT | HIPPOLYTE FOFACK |  The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be …

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AMasaka Gallery Opens New Space in Kampala

The artists in the exhibition Allegiance To Thee showcase a knack to create art that transcends the ordinary Kampala, Uganda | DOMINIC MUWANGUZI | If artists are availed an open platform and adequate time they can produce art that transcends the ordinary. The ongoing undertaking by notable private galleries on the …

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dfcu Bank sponsors popular concert

Kampala, Uganda | THE INDEPENDENT | dfcu Bank was recently unveiled as the official Bank Partner for the “Boyz II Men Live in Kampala” concert. Boyz II Men is one of the most iconic R&B groups in the music industry’s history. Uganda is the second leg of their first-ever Africa tour. …

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