An expert view on why and how to reverse it ANALYSIS | ODONGO KODONGO | Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 …
Read More »Cipla records 74% dip in 1H profit amidst transition to new ownership
Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …
Read More »The wars of the new world order
Beyond Gaza and Ukraine a fundamental global geopolitical rebalancing now appears all but inevitable COMMENT | BRAHMA CHELLANEY | The crises, conflicts, and wars that are currently raging highlight just how profoundly the geopolitical landscape has changed in recent years, as great-power rivalries have again become central to international relations. With …
Read More »Report on African roads
Why Uganda was not on the list for worst roads COVER STORY | THE INDEPENDENT | A new report on the state of roads attributed to the International Monetary Fund (IMF) has recently left Ugandans agitated for a surprising reason; that their country was not named among the top 10 with …
Read More »The myth of land grabbing
Why the president and chief justice are making a mistake of trying to resolve commercial disputes using ethnic lenses THE LAST WORD | Andrew M. Mwenda | The Chief Justice, Owiny Dollo, was quoted in Daily Monitor raising alarm bells on the problem of “land grabbing” in Acholi region. “I told him,” Dollo …
Read More »Visa-free travel for Africans
Why Kenya and Rwanda, by opening up their borders for other Africans, have taken a step in the right direction COMMENT | ALAN HIRSCH | President William Ruto of Kenya recently announced that Kenya’s borders would be open to visitors from the entirety of Africa, with no visas required, by the …
Read More »Cipla issues profit warning amidst product mix changes
Kampala, Uganda | THE INDEPENDENT | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, has issued a profit warning for the six months period ended Sept.202, 2023, citing changes in product mix. The Uganda Securities Exchange-listed firm now expects to report lower net earnings than what it reported during the same period …
Read More »EACOP signs ecosystem MoU with NFA
Kampala, Uganda | THE INDEPENDENT | In line with EACOP’s environmental mitigation and conservation requirements, EACOP has signed a Memorandum of Understanding with the Ugandan National Forestry Authority (NFA) to facilitate the continued partnership between the two entities for biodiversity conservation and natural resource management where their areas of interest coincide. …
Read More »To prevent the next pandemic, follow the science
This requires a multi-faceted approach that bridges the gap between science , policy and stakeholders COMMENT | MARISA PEYRE, JUSTIN VAISSE, PETER SANDS | Science is crucial to improving pandemic preparedness and prevention. It not only deepens our understanding of pathogen transmission and containment but also provides us with the flexibility …
Read More »Ethiopian artist Julie Mehretu’s painting fetches record $10.7m at auction
ARTS | AGENCIES | US-based Ethiopian artist, Julie Mehretu, has made an indelible mark in the contemporary African art scene by setting a new auction record. Her abstract painting, ‘Walkers With the Dawn and Morning,’ was sold for a staggering $10.7 million at a Sotheby’s auction in New York, making it …
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