Uganda’s economy is slowly opening up amidst coronavirus pandemic, rising hope for the banking industry’s quick recovery. The Independent’s Isaac Khisa caught up with the Absa Bank Uganda Managing Director, Mumba Kalifungwa, and shares the industry’s projected performance and the future outlook. What do you make of Uganda’s banking industry …
Read More »Uganda’s economy escapes worst effects of the COVID-19
But World Bank warns of looming danger ANALYSIS | THE INDEPENDENT | Uganda’s economy could escape the worst effects of the COVID-19 pandemic and post one of the higher growth figures on the African continent in 2021, according to the latest Global Prospects Report of the World Bank released this …
Read More »African free trade bloc launches
Opportunities, Challenges, and why full implementation of the historic pact may take years ANALYSIS | THE INDEPENDENT | African countries began officially trading under the new African Continental Free Trade Area (AfCFTA) on Jan.01. It is a flagship project of the African Union’s Agenda 2063 to stimulate intra-African trade. In …
Read More »WHO chief spells out 3 COVID-19 lessons
Geneva, Switzerland | Xinhua | The COVID-19 pandemic has so far had three lessons for all member states of the World Health Organization (WHO) and the United Nations (UN) agency itself, WHO Director General Tedros Adhanom Ghebreyesus stated. Addressing the 148th session of the WHO Executive Board, Tedros said that first …
Read More »World economy in 2021
Here’s who will win and who will lose ANALYSIS | STEVE SCHIFFERES | The coronavirus has crippled the world economy. Global GDP in 2020 suffered its sharpest drop since the end of the Second World War, millions were unemployed or furloughed, and governments pumped trillions of dollars into their economies …
Read More »India confirms 447 cases of adverse events following COVID-19 vaccination
New Delhi, India | XINHUA | A total of 447 cases of Adverse Event Following Immunization (AEFIs) after the COVID-19 vaccination have been reported over the past two days, out of whom three required hospitalization, India’s health ministry said on Sunday. “Of those who were hospitalised, one was discharged from …
Read More »Rescue packages not working – SMES
Kampala, Uganda | THE INDEPENDENT | The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible impact on the sector. The pandemic compelled governments to shut down their economies …
Read More »Four important immune system supplements to keep you healthy during the pandemic
SCIENCE | COVID-19 | Never before has it been so important for citizens worldwide to boost their immune systems. As the COVID-19 pandemic continues to gain victims in every country, people are looking for ways that they can naturally strengthen their own body’s defenses against this fatal infection.As millions of …
Read More »How ban of campaigns in Kampala has cost parliamentary candidates
Kampala, Uganda | THE INDEPENDENT | The ban on campaigns in the 20 districts with a surge in COVID-19 has affected several candidates all over the country with many saying the chances of their election has dwindled due to limited campaign time, funds and backing from the party. Last month, the …
Read More »Portugal president tests positive for COVID-19 but asymptomatic: statement
Lisbon, Portugal | THE INDEPENDENT | Portuguese President Marcelo Rebelo de Sousa tested positive for COVID-19, said a statement posted on the official website of the Portuguese Presidency on Monday night. Rebelo de Sousa had “tested negative yesterday, and although today’s antigen test is negative, it was now known, at …
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