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In The Magazine

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Money and ageing

Study shows cash grants help people live longer and have better memory function ANALYSIS | AGENCIES | Nearly half of South Africa’s 60 million people receive social grants, ranging from child support to pensions. The grants are designed to provide financial assistance to people living in poverty. The largest components of …

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What is Sora?

A new generative AI tool could transform video production and amplify disinformation risks FEATURE | AGENCIES | OpenAI recently announced a new generative AI system named Sora, which produces short videos from text prompts. While Sora is not yet available to the public, the high quality of the sample outputs published …

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Africa creates US$50bn medical market

This will be the second independence of Africa, says CDC Africa Director General, Dr. Jean Kaseya ANALYSIS | AGENCIES | African leaders have reached agreement to create a robust future market for medical products for African manufacturers valued at US$50 billion. Spearheaded by the Africa Centres for Disease Control and Prevention …

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Sunbird Resources awarded a 21-year mining license

This development is anticipated to lead to a decline in cement prices, which have risen from Shs 28,000 in 2018 to currently exceed Shs 33,000, varying by manufacturer and application Kampala, Uganda | JULIUS BUSINGE | Uganda has granted a 21-year Large-Scale Mining License LML0344 to Sunbird Resources Limited to mine …

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World’s 20 fastest-growing economies in 2024

Uganda listed among Africa countries dominating the list, according to the African Development Bank ANALYSIS | AGENCIES | Africa dominates list of the world’s 20 fastest-growing economies in 2024, according to a macroeconomic report the African Development Bank says in its latest macroeconomic report. The African Development Bank Group said in …

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132KV Gulu Agago power line commissioned

New project will save Uganda $2.5m of monthly energy costs Kampala, Uganda | IAN KATUSIIME | Power supply in northern Uganda could finally be stable and efficient after Uganda Electricity Transmission Company Limited (UETCL) commissioned a 132KV transmission project at the Agago sub-station in Pader District. Named the Gulu Agago power …

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Uganda exits FATF grey list, bolstering global financial reputation

Initial listing in 2020 followed accusations of an inadequate commitment to tackling money laundering activities and terrorist financing Kampala, Uganda | THE INDEPENDENT | Uganda has been officially delisted from the Financial Action Task Force’s (FATF) “grey list,” a catalog of jurisdictions under scrutiny for inadequate measures against money laundering and …

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