Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector continues to thrive despite higher utility, rent, material, and staff costs, according to the latest Stanbic Purchasing Managers’ Index (PMI). The PMI dipped from 54.1 in May to 51.9 in June, indicating continued growth but at a slower pace. “The private sector …
Read More »Inside Elon Musk’s plan to Colonise Mars
Thermonuclear blasts and new species ANALYSIS | AGENCIES | For more than two decades, Elon Musk has focused SpaceX, his rocket company, on his lifelong goal of reaching Mars. Over the past year, he has also ramped up work on what will happen if he gets there. Musk, 53, has directed …
Read More »Kenya’s protests are different
The 3 things that make it harder for government to crush them or to politicise them COMMENT | AWONO OKECH | On 25 June 2024, a youth-led protest primarily composed of Gen Zs, as they are popularly referred to, stormed Kenya’s parliament. Legislators voted to pass the Finance Bill 2024 in its …
Read More »‘Kinship tax’ puts the brakes on business
Kenyan study measures the impact of helping family ANALYSIS | MUNIR SQUIRES | Imagine working hard to build your business, only to find that your success brings about a wave of requests for help that you can’t turn down. This is a reality for many in African communities, where sharing income is …
Read More »Rebuilding Britain’s approach to international development?
How the new Labour government should do it London, UK | IAN MITCHELL | The Labour party was elected with the largest majority in over 27 years at the UK’s July 04 general election. Its manifesto committed to “regain Britain’s global leadership on development” with a headline to “modernise” and a …
Read More »Kenya’s protests as metaphors
#OccupyParliament, #RejectFinanceBill are an opportunity for a new mode of emancipatory democracy COMMENT | JOEL MUKISA | If you asked a think-tank team leader or a social sciences professor at Kabarak or Nairobi University if they anticipated the scale and popularity of the protests that rocked East Africa’s economic powerhouse Kenya …
Read More »African aviation sector sees growth amid challenges in Q2 2024
Even with Nigeria releasing almost 98% of the funds that were blocked in the country, the continent continues to grapple with blocked funds ANALYSIS | AENCIES | African aviation industry continued to show resilience and growth in the second quarter of 2024, navigating economic challenges and seizing opportunities. Airlines across the …
Read More »Heat exposure during pregnancy
It can lead to a lifetime of health problems ANALYSIS | MATTHEW CHERSICH & DARSHNIKA PEMI LAKHOO | Climate change is one of the greatest public health threats humanity has ever faced. Global warming is part of this threat. Increasing temperatures are linked to deteriorating health, especially in vulnerable populations, including …
Read More »BoU: Brace for high interest rates
The financial regulator is in consultation to begin purchasing locally produced gold to bolster its foreign reserves and address challenges in international financial markets Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has urged borrowers to prepare for high interest rates due to tightening financial conditions and increased government borrowing …
Read More »Africa Energy Bank set to finance fossil fuel projects
Continent to fund own oil and gas projects in wake of Western financial institutions’ hesitancy ANALYSIS | RONALD MUSOKE | The African Petroleum Producers’ Organisation (APPO), an association of African petroleum producing countries, together with the African Export-Import Bank (Afreximbank) have zeroed-in on Nigeria’s federal capital, Abuja, to host the headquarters …
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