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The Independent

VIDEO: No way forward for univesities’ strike

   The Minister of Education and Sports Janet Museveni has presented a statement before Parliament on the ongoing standoff between non-teaching staff at public universities and government, over failed payment of salary enhancement and arrears. The minister says government needs more time to harmonize the salary scale of the staff. …

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Cameroon bank workers accused of massive theft

Douala, CAMEROON | AFP |  Four employees of a Cameroon bank have been detained on suspicion of stealing millions of euros, sources told AFP on Tuesday. The four staff members of BICEC, a local subsidiary of French bank BPCE, have been placed in detention in the economic capital Douala after …

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Phelps claims 21st gold as US win 4x200m relay

Rio de Janeiro, BRAZIL | AFP |  Michael Phelps bagged the 21st gold medal of his incredible Olympic career on Tuesday, anchoring the United States to victory in the 4x200m freestyle relay. Phelps, who barely 15 minutes earlier had produced a superb victory in the 200m butterfly, led the United …

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Clashes heighten concerns ahead of Zambia election

Lusaka, ZAMBIA | AFP | Election officials and candidates in Zambia’s presidential vote on Tuesday condemned fresh outbreaks of violence between rival supporters, as concerns grow that the relatively stable country could face worsening unrest. Just 18 months after President Edgar Lungu narrowly won a snap election, he and the …

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ECONOMY: BOU reduces CBR to 14 percent.

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

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MTN’s MoKash to the rescue

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

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Hepatitis: Ignored killer

Patients go without drugs as billions are spent on vaccines World Hepatitis Day was marked on July 28 under the theme, `Know hepatitis Act now’. It was designed to focus this year’s activities on increasing global awareness and strengthening prevention, diagnosis, and treatment services around the world. The increased focus …

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