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The Independent

UDB champions green financing in Africa

Domestic banks, pension funds and financial institutions play a critical role in mitigating these climate-related risks and providing partners with the tools to invest with confidence ANALYSIS | THE INDEPENDENT | State-owned development financing institution, Uganda Development Bank on Nov.15 convened a high-level meeting with key stakeholders on the sidelines of …

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Plastic-eating insect discovered in Kenya

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 …

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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 …

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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 …

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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 …

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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 …

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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, …

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