At  least 50% of the financing shall  support women-run or women-owned businesses Kampala, Uganda | THE INDEPENDENT | Uganda’s Centenary Rural Development Bank and Housing Finance Bank have secured a combined Shs 640bn credit from the European Investment Bank for onward lending to private sector enterprises, with a focus on female …

President William Ruto is now referred to as Zakayo, named after the infamous Zaccheaus, the much-hated chief tax collector in biblical Jericho ANALYSIS | GEORGE OGOLA |  Seemingly disillusioned with the country’s leadership, Kenyans have taken to new ways of expressing their anger and frustration with their government. On social …

The telecom firm  reported a 16.1% increase in service revenue, reaching UShs 2.63 trillion for the year ending December 2023, with after-tax profits surging 21.4% to UShs 493 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to the …

This month, a bakery in Nairobi became a ‘Grain from Ukraine’ pop-up in a bid to showcase a “humanitarian ANALYSIS | AGENCIES | Amid a debilitating war and dwindling resources, Ukraine’s embattled government is embarking on an ambitious African charm offensive. It promises more grain and investment for Africa, the opening …

The scheme’s MD Patrick Ayota says  he is confident the Fund will achieve its strategic objectives as scheduled Kampala, Uganda | THE INDEPENDENT | Uganda’s national savings scheme, National Social Security Fund (NSSF), has hit Shs 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, …

Dr. Peter Mathuki is  facing impeachment over the alleged misappropriation of funds at the secretariat Nairobi, Kenya | AGENCIES | The East African Community (EAC) Secretary-General Dr. Peter Mathuki has been nominated by Kenya’s President Wiliam Ruto as the country’s ambassador to Russia. The nomination comes at a time when Dr …

The 13th Meeting of the China-Africa Think Tanks Forum opened in Tanzania’s port city of Dar es Salaam on Friday, with participants describing it as a springboard for the continent’s economic and industrialization agenda. DAR ES SALAAM, TAZANIA | Xinhua | The 13th Meeting of the China-Africa Think Tanks Forum …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector experienced a modest deceleration in growth in Feb, as indicated by the Stanbic Purchasing Managers’ Index (PMI) which adjusted to 51.7 from a previous 54.0 in January. Despite this slight easing, the sector continued to demonstrate robust performance with sustained improvements across …

ISLAMABAD | Xinhua | Ruling coalition candidate Asif Ali Zardari won the presidential election of Pakistan with an overwhelming lead on Saturday, the Election Commission of Pakistan announced. Zardari won the election by taking 411 votes from all the electoral colleges, including parliament and four provincial assemblies, the commission said. …

Oyam, Uganda | THE INDEPENDENT | The findings of a study conducted in the last three years has revealed that over 9000 Pupils dropout from Oyam Primary Schools annually. A study conducted by the district Education department in 65 out of the 109 government aided primary schools in a period of …