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Tag Archives: COVID-19

Uganda clays returns to making profit

Kampala, Uganda | THE INDEPENDENT | Uganda Clays Ltd, Uganda’s oldest clay building materials manufacture, has returned to making profit despite a slight decline in revenues in year ended December 2020, according to the financial statements.  The company reports that profit after tax for the period increased by 5639% to Ushs 4.9 …

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Gov’t bans flights to and from India

Kampala, Uganda | THE INDEPENDENT |  The government has banned flights to and from India following the high COVID- 19 infections and deaths in the Asian country.  India has so far recorded more than 18 million cases of COVID-19 with over 208,000 deaths. The country is also in a crisis with …

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Africa at risk of COVID-19 resurgence amid laxity

Complacency and disregard for public health measures could trigger a new wave of Covid-19 infections Nairobi, Kenya | Xinhua | Many African countries are at high risk of COVID-19 resurgence amid lax adherence to containment measures combined with low vaccination and testing, a World Health Organization (WHO) official said. Matshidiso Moeti, WHO …

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EU lawsuit against AstraZeneca might be hard to prove, say experts

Rome, Italy |  XINHUA |  The European Union (EU) announced this week it was suing pharmaceutical company AstraZeneca for breach of contract amid major delivery shortfalls, a case that legal analysts said could be hard to prove. A spokesman for the European Commission told Xinhua Wednesday that AstraZeneca had indicated …

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U.S. Fed keeps interest rates near zero as recovery picks up

Washington, USA  |  XINHUA |   The U.S. Federal Reserve on Wednesday kept its benchmark interest rates unchanged at the record-low level of near zero, as economic recovery gathers momentum on COVID-19 vaccination progress and strong fiscal support. “Amid progress on vaccinations and strong policy support, indicators of economic activity and …

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