Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda insists its not yet safe enough for the banking industry to start paying dividends to their shareholders, two years since this was suspended. Following the outbreak of COVID-19 in 2020, the banking industry was given guidelines to survive the pandemic, and …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has donated Shs70million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge volunteerism, in their various professional backgrounds, officials said on March 30. Cathy Adengo, the Stanbic Bank Head of Sustainability, …

President Recep Tayyip Erdogan is an ardent advocate of population increase and has called for families to have more children Ankara, Turkey | Xinhua | As a country that once boasted one of the youngest populations in Europe, Turkey has been aging fast in recent years, which is slowly dragging its …

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 …

Kampala, Uganda | THE INDEPENDENT | Ugandan women have been advised to look at the so-called ‘kameeza’ money as a source of investible capital. Kameeza is a cash daily subsistence allowance that typical Ugandan husbands leave their women in the morning before they go to work. Some smart women have become …

Kampala, Uganda | THE INDEPENDENT | Judicial officers have been asked to support the survival of companies in distress instead of issuing decisions that lead to their extinction. This comes as companies continue to struggle to pay off bank loans and other obligations like suppliers and salary arrears, and other lagging …

Zero-COVID policy is essential for the country to detect and cure patients as early as possible Beijing, China | Xinhua | In the spring of 2022, China is witnessing another wave of the COVID-19 epidemic. Jilin, one of the hardest-hit provinces, is currently still seeing four-digit daily growth in the number …

Markets are witnessing an economic stagnation under lack of purchasing power and unprecedented hike in the prices of basic commodities Khartoum, Sudan | Xinhua | Concerns are growing that the economy in Sudan would further deteriorate amid the continued decline of the national currency Sudanese pound, the unprecedented rising prices of …

Russia accounted for more than 40 percent of natural gas and 30 percent of crude oil imported by the EU in 2019 Brussels, Belgium | Xinhua | Oil prices in Europe have been surging since the start of the conflict in Ukraine amid fears that the European Union (EU) may ban …

Kampala, Uganda | THE INDEPENDENT | Religious and cultural leaders in the Acholi sub region have asked the government to review the Parish Development Model program. The program is aimed at increasing household incomes and improving the quality of life of Ugandans with a specific focus on total transformation of the subsistence …