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MWANZA, Tanzania | Xinhua |  Peter Ngonyani, a 35-year-old resident of Kigongo, near the Kigongo-Busisi ferry on Lake Victoria in Tanzania’s northwestern Mwanza region, is all smiles. As a father of three, he has lived in the area for over 20 years and is excited to see the completion of …

BEIJING | Xinhua |  After technological advances in the artificial intelligence (AI) industry marked by large language model (LLM) fever since 2022, Chinese firms in the rapidly advancing sector have cemented their position as major players and are intensifying efforts to narrow the gap with forerunners. According to a SuperBench …

Kampala, Uganda | THE INDEPENDENT | The National Social Security (NSSF) says it ended the financial year 2023/2024 on a good note, having surpassed their set targets. The Fund’s Managing Director, Patrick Ayota said a preliminary analysis shows that performance on the key indicators will surpass annual targets. “We have …

Kampala, Uganda | THE INDEPENDENT | The Appointments Committee of Parliament vetted the Auditor General-designate, Edward Akol. Sources in the Committee chaired by the Speaker of Parliament, Annette Anita Among say they overwhelmingly recommended that the President appoint Edward Akol for the job. Akol is expected to replace Uganda’s long-serving …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has developed a strategic plan to ensure that accountants play transformational roles in the communities. The plan says accountants should demonstrate their relevance in communities other than only keeping books of accounts. During the opening of …

COMMENT| Gabby Asare Otchere-Darko | For over sixty decades, from the Mali Empire through to the OAU Summit of May 1963 and incrementally to date, African unity has remained but a collective dream. One that has been sustained more by a recognition of its essence rather than a conviction for its …

Kampala, Uganda | THE INDEPENDENT | Ibrahim Kato is PostBank Uganda Limited’s new Chief Retail Officer. According to a statement from the bank, Kato will be responsible for the formation and execution of the bank’s business growth strategy across distribution channels, fintech business, aales, and bancassurance. “Ibrahim currently oversees the bank’s retail …

Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …

Jinja, Uganda | THE INDEPENDENT |  DHL, a global leader in the logistics industry in collaboration with Absa Bank Uganda under the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme have trained over 200 SME’s in Jinja to build their capacity to access export markets. “SMEs tend to focus predominantly on …

Seoul, South Korea | THE INDEPENDENT | Uganda and the Republic of Korea signed a $500 million (Shs1.9 trillion) loan Framework Agreement, marking a significant boost to bilateral relations and economic cooperation. The signing ceremony, coinciding with the conclusion of the First Korea-Africa Summit, took place at the Korean Ministry …