Assets under management have increased from Shs4tn in 2014 to Shs20tn but sector players want Ugandans to save more Kampala, Uganda | JULIUS BUSINGE | As the Uganda Retirement Regulatory Authority continues to celebrate its 10-year anniversary, experts have challenged its executives to support innovations in the sector so as …
Read More »Sri Lanka crisis
How family rule fails | THE INDEPENDENT | The Rajapaksas; one of Sri Lanka’s most powerful political families, were once revered as liberators. They initiated many urban development projects that pushed their country into the upper middle income status with per capita income of US$3,852 in 2019. Despite that, after …
Read More »Filling natural gas supply gap
Senegal and Mauritania have laid the groundwork to be front-runners in the mix to replace Russia to EU | NJ AYUK | Mauritania and Senegal have laid the groundwork necessary for BP, Kosmos, and their contractors to establish an offshore production complex, with development wells connected to a floating production …
Read More »Getting the benefits of exercise in a pill?
Science is closer to that goal Researchers have identified a molecule in the blood that is produced during exercise and can effectively reduce food intake and obesity in mice. Researchers at Baylor College of Medicine, Stanford School of Medicine and collaborating institutions reported on July 07 in the journal `Nature’ …
Read More »Multi-drug-resistant tuberculosis cases rise
Ministry of Health to carry out multi-drug resistant TB survey | PATRICIA AKANKWATSA | The Ministry of Health on July 3 revealed that a nationwide survey to determine the burden of Multi-Drug Resistant Tuberculosis (MDRTB) in the country is to be carried out at the end of July and will …
Read More »Africa’s off-grid solar sector seeks to rebuild after pandemic shock
There are signs of post-pandemic recovery for Africa’s off-grid solar industry. Now it needs to lure back the investors Africa’s off-grid solar power industry is growing but is in urgent need of further support, as the sector struggles to shake off the negative impact of the Covid pandemic on providers of equipment and services, …
Read More »UDB’s 2021 scorecard
Agro-processing, manufacturing and primary agriculture were big determinants for the Bank’s performance | THE INDEPENDENT | Uganda Development Bank, the country’s National Development Finance Institution on July.07 released its 2021 Direct Impact Report highlighting the fundamental role that it continues to play toward Uganda’s sustainable socio-economic transformation and growth. Francis …
Read More »Tough times as BoU moves to restrict money in circulation
Experts back the move but say, the poor will be hit hardest Kampala, Uganda | JULIUS BUSINGE | On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the …
Read More »Hydropower is a bad bargain
While hydro dams emits no greenhouse gases, reservoirs can be worse than fossil-fuel power plants COMMENT | BRAHMA CHELLANEY | The era of cheap oil and gas is over. Russia’s war in Ukraine – or, more specifically, Europe’s ambitious effort to wean itself off Russian fossil fuels at a time …
Read More »Cooking with ‘dirty’ fuels
It affects women’s mental health, say researchers | MATHEW SHUPLER | About 2.6 billion people – nearly half of the global population, most of them in Africa, Asia and central and south America – rely on biomass fuels, like wood and charcoal, or kerosene to cook meals, heat and light …
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