Drug trial shows injection twice a year is 100% effective against infection ANALYSIS | LINDA-GAIL BEKKER | A large clinical trial in South Africa and Uganda has shown that a twice-yearly injection of a new pre-exposure prophylaxis drug gives young women total protection from HIV infection. The trial tested whether …
Read More »Afreximbank expands container Guarantee Scheme in East Africa
Merchants in landlocked countries face the highest container deposit rates, typically around US$5,000 per container, due to extended turnaround times ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank, has forged a partnership with BSMART Technology Ltd to extend the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to …
Read More »BAT Uganda declares Shs 8.9 billion dividend
Illicit cigarettes remains a big headache the tobacco distributor in Uganda Kampala Uganda | JULIUS BUSINGE | Shareholders of British American Tobacco Uganda Limited will receive Shs 8.9 billion as dividend, equivalent to Shs 181 per ordinary share, following approval at the 24th Annual General Meeting held at Sheraton Kampala Hotel. …
Read More »NSSF earns Shs 80.6 billion from investment in MTN Uganda
This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …
Read More »Africa-Caribbean trade poised to hit $1.8 billion by 2028
Afreximbank and ITC will develop detailed profiles of sectors in both regions to map out promising value chains and identify growth barriers and requirements ANALYSIS | THE INDEPENDENT | Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced …
Read More »Uganda’s nuclear power journey
International expert mission reviews exploration plan to domestic nuclear power ANALYSIS | AGENCIES | A team of international uranium power experts has concluded an inaugural review of a Uganda’s uranium production cycle. Led by experts from the International Atomic Energy Agency (IAEA), the mission assessed the country’s capabilities to develop their …
Read More »IMF is failing countries like Kenya
Why and what can be done about it to reverse the trend going forward ANALYSIS | DANNY BRADLOW | The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which …
Read More »Global neglect: Declining humanitarian funding leaves millions in peril
Ignoring humanitarian need is worsening suffering, fueling instability, and prolonging conflicts ANALYSIS | RONALD MUSOKE | For millions of people in conflict-ridden countries, their world is collapsing as the international neglect of life-saving aid reaches alarming levels, humanitarian agencies have warned. “I have never before seen such a glaring gap between …
Read More »Uganda among top FDI destinations
Favoured for its stable macro-economic policies, liberalised business environment, and strategic location as a logistics hub within the Great Lakes region SPECIAL REPORT | BIRD AGENCY | While the clean energy sector draws significant global foreign investment to Africa, particularly green hydrogen, solar, wind, and battery manufacturing, this is not Africa’s …
Read More »Let the giggers fight inflation
Politicians and activists who tout the importance of work-life balance shouldn’t impose rigidity on them COMMENT | TODD G. BUCHHOLZ | Gig-economy firms and workers – or “giggers” – are like magicians and alchemists, only their tricks are real. Although physicists assure us that new matter cannot be created, the gig …
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