The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved …
Read More »More private schools could close: EPRC study
Kampala, Uganda | THE INDEPENDENT | Seventy-seven percent of the teachers in private schools didn’t return to the schools where they were teaching prior 2020, when the COVID-19 pandemic hit the country, a new survey by the Economic Policy Research Center (EPRC) released on Monday has shown. Rehema Kahunde, a researcher at …
Read More »COVID-19 has changed financial services forever
Banks must embrace the new normal characterized by the iniquitousness of technology | JAMES KARAMA | Covid-19 can be categorized as a black swan event—-a rare, unexpected, unpredicted, and undirected event that caused major disruptions. The efficiency with which the virus spreads, its exponential nature, and lethal attributes, have turned …
Read More »Is U.S. inflation getting worse or better?
Washington, U.S. | Xinhua | The U.S. inflation is at highs not seen in 40 years. While some say there’s no end in sight, others believe inflation will taper off in the second half. The last two years have been some of the most tumultuous the U.S. economy has experienced since …
Read More »Ugandans urged to remain calm as crises drive up commodity prices
Kampala, Uganda | THE INDEPENDENT | Multiple international crises are pushing up commodity prices in Uganda, causing discomfort among the public, the ministry of finance has said. Finance minister Matia Kasaija, in a recent statement, said prices of essential goods and services like laundry soap, wheat flour, cooking oil, education and …
Read More »Uganda warned on increasing laxity on COVID-19
Kampala, Uganda | THE INDEPENDENT | The European Union in Uganda and the Ministry of Health officials are worried about the rate at which Ugandans are abandoning COVID-19 prevention measures, warning that the pandemic is far from over. This comes amidst an evident decline in the use of face masks, …
Read More »Soroti district councilors protest delayed payment of Covid-19 allowances
Soroti, Uganda | THE INDEPENDENT | Soroti district councilors are protesting the delayed payment of the Covid-19 and polio mass vaccination allowances. On Thursday, the councilors had been presented with a supplementary budget of more than one Billion Shillings. However, they realized that more than 200 Million Shillings passed as supplementary …
Read More »Low funding, COVID-19 curtail tuberculosis fight in Africa: WHO
The African region is home to 17 of the 30 high-burden tuberculosis countries globally Brazzaville, Congo | Xinhua | Inadequate investment and funding for tuberculosis control in Africa is jeopardizing the efforts to meet the global target of ending the disease by 2030, as the COVID-19 pandemic threatens to roll back …
Read More »Moderna to request FDA’s approval for vaccinating children aged under 6
Los Angeles, U.S. | Xinhua | American biotechnology company Moderna said Wednesday it will request the U.S. Food and Drug Administration (FDA) to grant emergency use authorization for its COVID-19 vaccine for children aged under 6. The company will submit the request to the FDA, as well as the European Medicines …
Read More »Covid-19 was a wake up call to Ugandan scientists
Kampala, Uganda | THE INDEPENDENT | The outbreak of the covid-19 pandemic two years ago was a wake-up call to scientists in Uganda. Scientists argue that the outbreak of covid-19 led to the country’s first attempt to manufacture a vaccine for a disease. In addition to this, due to the ban …
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