The price of cocoa hit a peak in April at $12,261 a tonne, having been about $3,000 in April 2023, but by this month the price of cocoa had dipped again to about $7,750. ANALYSIS | ANDREW TURNER | Chocolate bars could get smaller or have cheaper ingredients added as …
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Age and hormones contribute to a greater need for sleep among women ANALYSIS | AGENCIES | Women and men love to debate the differences between the sexes. But here’s the reality: Science confirms that women not only need more quality sleep than their male counterparts, but they also have a more …
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The company plans to invest Shs 500 million in 25 projects countrywide Kampala, Uganda | THE INDEPENDENT | MTN Uganda, through the MTN Foundation has launched the second phase of the MTN Changemakers Initiative, a transformative program designed to drive positive social change across Uganda. This new phase will see an …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech firm, MTN MoMo has contributed Shs 55 million to support Ekisaakaate Kya Nnabagereka slated for January 2025, reinforcing its commitment to empowering Ugandan youth and preserving cultural heritage through technology. The launch event, held in the Bulange gardens last Wednesday at Mengo, …
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Overcapacity is leading to soaring bankruptcies ANALYSIS | AGENCIES | Most news on China’s manufacturers is bad news for rivals around the world. Foreign governments fear their domestic champions will be pummelled by low-cost Chinese rivals. But on August 5th the world got a small reminder that China’s producers face big …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
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Currently, 95% of households rely on wood or charcoal for cooking, contributing to deforestation and indoor pollution, which disproportionately affects women and children Kampala, Uganda | THE INDEPENDENT | The UK, in partnership with Uganda’s Ministry of Energy and Mineral Development, has unveiled a £5 million clean cooking programme designed to …
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A progressive tax system would redistributes incomes to the poor while preserving incentives for the rich COMMENT | KAUSHIK BASU | While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population …
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African leaders must push for solutions beyond military intervention ANALYSIS | ANTHONI VAN NIEUWKERK | In response to the deepening crisis in eastern Democratic Republic of Congo (DRC), the United Nations Security Council established a panel of independent experts in 2023 to examine the situation and provide it with options to …
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The company’s service revenue surged by 20.4% to Shs 1.5 trillion, supported by an increase in mobile subscriber numbers, which now stand at 20.7 million. Kampala, Uganda | THE INDEPENDENT | MTN Uganda is set to pay shareholders an interim dividend of Shs 6.6 per share, amounting to Shs 147.8 billion, …
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