For many years small retail investors have found it hard to buy shares on the Nairobi Securities Exchange, but a newly-licensed service hopes to change that Kampala, Uganda | HARRY CLYNCH | Since the establishment of the Nairobi Securities Exchange (NSE) in 1954, it has traditionally been very difficult for Kenya’s retail …
Read More »Cristiano Ronaldo joins Saudi Arabian club Al Nassr FC
Riyadh, Saudi Arabia | Xinhua | Al Nassr Football Club from Saudi Arabia announced on Saturday that it has officially signed 37-year-old Portugese superstar Cristiano Ronaldo until 2025. “History in the making. This is a signing that will not only inspire our club to achieve even greater success but inspire our league, our …
Read More »OBITUARY: Pele from humble origins to immortality
Rio De Janeiro, Brazil | Xinhua | Pele was three months shy of his 10th birthday when he made a promise to his father Dondinho. The pair had just listened to a radio broadcast of Uruguay’s 2-1 victory over Brazil in the decisive match of the 1950 World Cup at Rio …
Read More »Netanyahu’s new hardline Israeli gov’t sworn in
Jerusalem, Israel | Xinhua | Benjamin Netanyahu, the longest-serving Israeli leader, returned to power on Thursday as the country’s prime minister at the helm of an extreme-right coalition. In an official inauguration ceremony at the Israeli parliament, lawmakers voted by 63-54 in favor of approving the new government. The new government is …
Read More »Gov’t sets electricity tariffs for 2023
Kampala, Uganda | THE INDEPENDENT | The government has set electricity tariffs for the first quarter of 2023 beginning January to March. The new tariffs announced by the Chairperson of the Electricity Regulatory Authority-ERA, Dr, Sarah Kanaabi Wasagali, show that domestic users shall pay 250 Shillings for the first 15 units …
Read More »Police fire teargas to break up opposition End of Year prayers
Kampala, Uganda | THE INDEPENDENT | Police fired teargas and live bullets to stop opposition politicians and activists from first holding end-of-year prayers and holding a procession through the Kampala city center. Opposition politicians under their umbrella United Forces of Change had organized a public end-of-year prayer at Nsambya Sharing Hall …
Read More »Police cautions public on display of fireworks on New Year in Rwenzori west
Kasese, Uganda | THE INDEPENDENT | Police in Rwenzori West has cautioned the public against displaying fireworks without approval from Police. As is the norm world wide every December 31st, people celebrate with activities such as night prayers and the display of fireworks. However, while addressing journalists on Friday, ASP Norman …
Read More »Factfile on Pele
Sao Paulo, Brazil | XINHUA |Following is the factfile on Pele, the legendary Brazilian footballer who died at the age of 82 on Thursday: Full name: Edson Arantes do Nascimento Date of birth: October 21, 1940 Place of birth: Tres Coracoes, Brazil Club career 1956-1974 Santos 1975-1977 New York Cosmos Club …
Read More »Tooro Kingdom officials concerned about HIV/AIDS prevalence
Fort Portal, Uganda | THE INDEPENDENT | The high HIV/AIDS rates in Tooro have raised concern among Kingdom officials. Dr. Tito Beyeza Abwooli, the Tooro Kingdom Health Minister, said that it is absurd to find that Kabarole in Burahya county, which is under the Kingdom comes second to Kalangala with a …
Read More »WB: Strengthening regional trade offers Uganda a sustainable path toward growth
The near-term macroeconomic outlook foresees sustained recovery driving GDP growth from 4.7% in FY 2021/22 to 5.5% in financial year Kampala, Uganda | THE INDEPENDENT | As the shock of the COVID-19 pandemic recedes, Uganda is returning to its pre-pandemic path to growth, with economic recovery boosted by the strong performance …
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