In The Magazine

Kampala, Uganda | Christopher Adam | A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the U.S. currency to pay for foreign debts, essential goods and industrial …

  Kampala, Uganda  | THE INDEPENDENT l On April 13, Centenary Bank, joined hands with Rotary Club towards the continued support of the humanitarian initiatives. This was during a press launch held in Kampala where Rotary unveiled the official partners of the 98th Rotary District Conference. Beatrice Lugalambi the General Manager …

Kampala, Uganda  | THE INDEPENDENT l The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the inaugural Public Finance Management (PFM) Conference from 18 – 20 April 2023 at the Imperial Resort Beach Hotel, Entebbe. The conference will be both physical and online. It targets accounting officers, policymakers, planners, …

World Bank, BoU explain short-term, long term opportunities, challenges Kampala, Uganda | AGENCIES | The outlook for long term economic growth is positive but a lot of drag persists in the short term. Viewed that way, the latest World Bank outlook for Africa matches the sentiment of the latest outlook of …

Players warn that the move could discourage the growing savings culture Kampala, Uganda | JULIUS BUSINGE | Over the past few years, Uganda started experiencing a surge in the local population, especially youth interested in saving, growing their capital for future investments through the Unit Trust Funds. This is because Unit …

Expert reports warn of weak links, mission creep Kampala, Uganda | IAN KATUSIIME | The Eastern African Community Regional Force (EACRF) deployed in eastern Democratic Republic of Congo seems to be the fastest growing movement in the region. But the presence of additional armed personnel in an area crawling with numerous …

He has been praised as a brilliant economist and a hands on bureaucrat Kampala, Uganda | IAN KATUSIIME | Former Permanent Secretary of the Ministry of Finance and Secretary to the Treasury (PSST), Keith Muhakanizi died on April 13 in a hospital in Milan, Italy after a long illness. Muhakanizi has …

Nearly every minute, a child under five dies of malaria, according to the WHO Kampala, Uganda | THE INDEPENDENT | Ghana on April 13 became the first country to approve public usage of a new experimental vaccine for children to protect them from malaria. The R21/Matrix-M malaria vaccine is a low-dose …

Kampala, Uganda | THE INDEPENDENT | Telecom firm, MTN Uganda, has unveiled a new MTN ‘API as a Service’ solution to enable third parties access its proprietary software platform and create value added services to accelerate digital transformation and innovation API an acronym for application programming interface is a software intermediary …

Kampala, Uganda | THE INDEPENDENT l Government is set to pay US$215 million (Sh802 billion) to acquire majority shares of power distributor, Umeme. The move comes as Umeme’s 20 year contract comes to a close in 2025, giving government full control of the power distribution system, marking the end of …