But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …
Read More »East African economies to recover in 2023—AfDB
Sub-region avoided recession in 2020 but political fragility and limited economic diversification impacted growth in some countries Kampala, Uganda | RONALD MUSOKE | East African economies will fully recover from the COVID-19 induced recession in 2023, thanks to increased roll-out of vaccines, recovery in the global economy, rising commodity prices, …
Read More »Molnupiravir approved to treat early COVID-19
How antiviral pill that costs Shs2.4m per doze shot ahead in the COVID drug hunt | THE INDEPENDENT | On November 4, the United Kingdom became the first country in the world to grant conditional authorisation to a drug used to treat COVID-19. The Molnupiravir antiviral pill manufactured by the …
Read More »Why Orient Bank is rebranding to I&M Bank
This development ends the institution’s 30-year history in Uganda’s financial sector Kampala Uganda | ISAAC KHISA | Local lender, Orient Bank is getting a revamp, ending a nearly 30-year history in Uganda. The lender is ditching its name to I&M Bank (Uganda) following the latter’s decision to acquire a 90% …
Read More »Uganda’s self-inflicted wounds
How our country has imposes draconian COVID-19 restrictions in spite of glaring evidence that they are not necessary THE LAST WORD | ANDREW M. MWENDA | Very smart people can make humongous mistakes and stick to them for very long with little effort to change course in spite of …
Read More »The war in Ethiopia
America piles pressure on PM Abiy ETHIOPIA | THE INDEPENDENT | On Nov.05, most international news agencies carried one major story about developments in the war in Ethiopia. ‘Nine Ethiopian factions to form alliance against government,’ proclaimed the media agencies. Most listed only the Oromo Liberation Army (OLA), a splinter …
Read More »IN THE INDEPENDENT: The war in Ethiopia
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY The war in Ethiopia: America piles pressure on PM Abiy THE LAST WORD Uganda’s self-inflicted wounds: How our country has imposed draconian COVID-19 restrictions in spite of glaring evidence that they are not …
Read More »The risks and opportunities of private debt
Current distribution of private loans makes it difficult to track who could be left holding the bag | EVAN GUNTER AND ABBY LATOUR | In a global economy increasingly fueled by credit, the market for private debt has emerged as a new frontier for yield-hungry investors. The close bilateral …
Read More »Breast cancer in men
Why is it more aggressive than in women? Kampala, Uganda | PATRICIA AKANKWATSA | Experts at the Uganda Cancer Institute have come out to warn that although breast cancer is common in women, men can also get it and it is more aggressive. Dr. Noleb Mugisha, an oncologist who heads …
Read More »Only one in seven COVID cases detected in Africa
WHO says most tests are carried out on people with symptoms, whereas much of the transmission is driven by those who do not show symptoms | NELSON MANDELA OGEMA | Only one in seven COVID-19 infections are being detected in Africa because of inadequate testing, the WHO said in an …
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