COVID-19 and harsh regulations blamed Kampala, Uganda | RONALD MUSOKE | Cigarette distributor, British American Tobacco (BAT) Uganda executives have attributed the company’s recent drop in revenue to the lingering impacts of the COVID-19 pandemic and stringent tobacco control regulations enforced by the government. In their half-year performance report ending June …
Read More »Forex trading: Why the first hour of trading day matters
Period after lunch but before last hour of trading day is least preferred among all asset classes Kampala, Uganda | RONALD MUSOKE | The first hour of the trading day is the most favoured time to execute trades globally, across all asset classes, according to a survey published on Aug.30 by …
Read More »Deals or empty promises at Nairobi climate summit?
Over US$23bn committed to Africa but not everyone is happy Kampala, Uganda | RONALD MUSOKE | While opening the inaugural Africa Climate Summit at the Kenyatta International Conference Centre in Nairobi on Sept.4, President William Ruto referred to it as “no ordinary summit.” Ruto said the organisers of the conference, Kenya …
Read More »Uganda has remained a relatively stable country for so many years. But can it last?
INTERVIEW | The ominous parting words of Elin Østebø Johansen, the outgoing Norwegian Ambassador to Uganda. Before leaving the country on Aug.15, she spoke to The Independent’s Ronald Musoke about the highlights of her four-year tour of duty in Uganda. What impressions are you leaving Uganda with? I have been the …
Read More »Stanbic Bank, IFAD ink deal for Ugandan migrants money transfer
Average cost of sending money back home for Uganda’s migrant workers is 11.3%, higher than global average Kampala, Uganda | RONALD MUSOKE | Uganda’s largest lender, Stanbic Bank Uganda, has entered into a new partnership with the UN’s International Fund for Agricultural Development (IFAD) to assist Ugandan migrant workers abroad in …
Read More »‘You’re not our bosses’
African civil society organisations tell off international partners Kampala, Uganda | RONALD MUSOKE | Partnerships between global conservation organizations and their African-led counterparts might be critical to conservation efforts in Africa but they face challenges over power relations, transparency, and mismatched interests, according to a new report. Published on Aug.31 by …
Read More »Ecobank, AMREF ink deal to evacuate patients around East Africa
Bank’s customers will be provided with convenient access to fast, affordable, and quality air and ground evacuation services in the event of medical emergencies Kampala, Uganda | RONALD MUSOKE | The Kenyan subsidiary of the pan-African financial institution, Ecobank, has entered into a partnership with the African Medical and Research Foundation …
Read More »Commonwealth in new roadmap to fast-track gender equality
Campaign will target men addressing violence against women Kampala, Uganda | RONALD MUSOKE | The Commonwealth, the organization that brings together independent states most of which are former British colonies and protectorates, has announced a new roadmap to scale up efforts to achieve gender equality and empowerment of women and girls …
Read More »Environmental activists turn up the heat on China at BRICS Summit
Climate justice activists protest China’s interests in fossil fuel projects in Africa Kampala, Uganda | RONALD MUSOKE | On Aug.22, the BRICS bloc of nations (Brazil, Russia, China, India and South Africa) began its 15th Summit in Johannesburg, South Africa, to among other issues discuss possible expansion of the group to …
Read More »Why World Bank funding freeze on Uganda is a mistake
Activists say it is a counterproductive move Kampala, Uganda | RONALD MUSOKE | In a surprising twist, some members of the gay community in Uganda have told The Independent they are not pleased by the recent decision of the World Bank to cut funding to new projects in Uganda because of …
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