Sub-Saharan Africa is experiencing a renewed focus, with infrastructure projects receiving a significant boost ANALYSIS | FELIX THOMPSON | There was a rebound in export credit agency activity in Sub-Saharan Africa last year, as agencies struck big-ticket deals across infrastructure and renewable energy sectors, fresh data shows. In its annual State …
Read More »BAT net profit up 21.6% to Shs4.5bn
Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda Limited has registered a 21.6% increase in net profit from Shs3.7bn to Shs4.5bn for the first six months of 2024, further showing the company’s continued growth trajectory. The company executives said on Aug.2 that the macro-economic landscape was relatively stable …
Read More »Why banks are dumping ATMs in South Africa
Maintaining and servicing ATMs in remote or low-traffic areas is becoming less cost-effective for banks ANALYSIS | AGENCIES | Absa, Standard Bank, and FNB have been closing ATMs over the last five years, while Capitec has significantly increased its ATM footprint. Banks in South Africa are closing ATMs due to a …
Read More »UDB’s investments create more than 400 new jobs
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank’s investments resulted into the creation of more than 400 additional jobs, bringing the total to 51,841 last year, underscoring the lender’s contribution towards transforming people’s lives. According to UDB’s latest Development Impact Report, titled “Transforming Lives: The Role of UDB in Driving …
Read More »African HIV networks seek stronger
PEPFAR at risk as international funding for HIV response falls ANALYSIS | MELODY CHIRONDA | African networks representing people living with HIV and AIDS (PLWHAs) convened in Munich, Germany, to demand increased funding for HIV programs as the global fight against the pandemic continues. The networks include the Malawi Network of …
Read More »Cheaper data coming
New satellite internet roll-out offer faster speeds SPECIAL REPORT | BIRD AGENCY | Africa’s data market is experiencing a reset, with the aggressive rollout of satellite internet and intense competition promising faster and cheaper services, including markets with some of the world’s most expensive data plans. A year after the introduction …
Read More »Why demonstrating is a universal human right
In a functioning democracy, the Government derives its legitimacy from the consent of the governed COMMENT | PETER NYANZI | Public debate is raging over whether or not the government should allow public demonstrations against the marauding monster of corruption in Uganda to go on. Well, it’s not my intention …
Read More »Monkeypox: Uganda on guard against disease
WHO offers 2,400 rapid test kits ANALYSIS | AGENCIES | The World Health Organisation (WHO) has provided Uganda’s Ministry of Health with a set of 2,400 test kits to strengthen the country’s response to Monkeypox through rapid laboratory identification of cases. These kits are among the first Monkeypox laboratory tools received …
Read More »East African states deviate from agreed tax rates in local production battle
EAC-CET was established to protect the common interests of various partner states by safeguarding specific sectors, and the lack of uniform application Kampala, Uganda | THE INDEPENDENT | Import costs in the East African Community states are expected to remain high under the newly implemented Common External Tariff (CET) as countries …
Read More »Arrest of FDC activists in Kenya
Terrorism charges and new questions for Uganda Kenya relations ANALYSIS | IAN KATUSIIME | Thirty six activists of the Forum for Democratic Change who were arrested in Kenya on July 23 are facing terrorism charges in a baffling development that puts Kenya-Uganda relations under scrutiny. They were remanded to Luzira Prison …
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