At least 10 Kenya-based startups, including Notify Logistics, WeFarm and Kune, have shut down since 2021 because of worsening macroeconomic conditions ANALYSIS | ADONIJAH NDEGE | iProcure, the Kenyan agritech startup backed by Safaricom’s Spark Fund, is now under administration after failing to settle undisclosed debts. KPMG’s advisory arm has been …
Read More »Stanbic boosts Vumbula Uganda festival
Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda is the platinum sponsor of the popular Vumbula Uganda Festival, a 3-day extravaganza that showcases Uganda’s rich tourism attractions, art, heritage, music, and culture. This year’s edition takes place between May 31st and June 3rd at the spacious Nile Nest resort in …
Read More »Targeting small business
Is it the answer to a tax system that’s not bringing in enough revenue? INTERVIEW | MARIA JOUSTE | Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on August 08, …
Read More »World nears first pandemic agreement
Historic move makes world better prepared for, and ready to respond to, future public health emergencies ANALYSIS | AGENCIES | Government that are state parties to the International Health Regulations of the World Health Organisation (WHO) have inched closer to signing the world’s first agreement to strengthen global collaboration among governments …
Read More »Private sector activity picks up April, PMI shows
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity picked up in April amidst prolonged traders’ strike over the government’s enforcement of the Electronic Fiscal Receipting and Invoicing Solutions, a new business survey shows. The Stanbic Bank Purchasing Managers’ Index (PMI) rose to 52.6 in April from 49.3 a month …
Read More »The extraordinary at Strokes of Splendor
Godfrey Banadda and Kizito Maria Kasule showcase masterly skills in painting in a two-man Show ART | DOMINIC MUWANGUZI |Â Three paintings of nude figures in charcoal black will seize your attention on entry to the Umoja art gallery. Each of the three nubile females pose elegantly with their naked bodies …
Read More »Business and management graduates as climate change and sustainability champions
Lessons from Uganda and Tanzania on how universities can support this Kampala, Uganda | DAVID SSEKAMATTE |Â There is no doubt about it: the world is in the grips of a climate crisis. The headlines are full of reports about extreme weather events and the negative effects of the fossil fuel …
Read More »Kwoyelo: ‘At no time did I kill anyone’
For a week, ending April 30, a court sitting in Gulu heard what he had to say about accusations levelled against him since his capture 15 years ago Gulu, Uganda | GRACE MATSIKO | Dressed in a grey suit, red-spotted tie and matching shoes, former Ugandan Lord’s Resistance Army (LRA) …
Read More »Airtel Africa negotiates $200 million loan for network expansion
Kampala, Uganda | AGENCIES |Â Telecom firm, Airtel Africa is in talks for a $200 million loan from the International Finance Corporation (IFC), the World Bank’s arm focused on financing private sector ventures in emerging markets. The African subsidiary of Bharti Airtel plans to utilize the funds to cover its capital …
Read More »Eating avocado lowers diabetes risk in women
Avocados are rich in fiber, antioxidants, and healthy fats that can support metabolic health and insulin sensitivity ANALYSIS | AGENCIES |Â A new study suggests avocado consumption may significantly reduce diabetes risk, particularly among women. Experts recommend a balanced and diverse diet rather than overemphasising specific foods for diabetes prevention. However, …
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