Kampala, Uganda | NEWS CORRESPONDENT | Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, securing the 1st Runner-Up accolade for Best in Client Service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers Appreciation Conference held last week. The ceremony, held at the Mestil …
Read More »East Africa’s ports are busy, but stuck on the wrong side of global trade
Despite rapid growth and heavy investment, Mombasa and Dar es Salaam remain gateway ports rather than global hubs, as geography keeps East Africa just outside the main currents of world shipping NEWS ANALYSIS | IAN KATUSIIME | Geography, economists often say, is destiny. For East Africa, it may also …
Read More »BOU hails Pearl Bank for leading role in agriculture financing
Bank of Uganda Recognizes Pearl Bank’s Outstanding Performance in the ACF and SBF Schemes Kampala, Uganda | NEWS CORRESPONDENT | The Bank of Uganda has recognized Pearl Bank for its outstanding partnership and responsiveness in the Agricultural Credit Facility and Small Business Fund Schemes, which have accelerated the growth of Uganda’s …
Read More »Why the White House media dinner shooting reflects more than just violence
The White House Correspondents’ Dinner shooting on Saturday is the latest episode in a documented surge of politically motivated violence targeting officials across the spectrum. WASHINGTON | Xinhua | A gunman armed with a shotgun, handgun and knives stormed a security checkpoint outside the White House Correspondents’ Dinner on …
Read More »The cost of lack of red lines
How Uganda came so late and lonely to acquire a cash and carry government where every citizen is for themselves THE LAST WORD | ANDREW M. MWENDA | My column last week titled “When illness strikes a leader” attracted a lot of attention and commentary. In it, I …
Read More »Why ‘China Shock 2.0’ narrative is a distortion of China’s growth
NEWS ANALYSIS | Xinhua | Recently, some Western media have been peddling the “China Shock 2.0” narrative, portraying China’s ascent in high-tech sectors as a new wave of disruption to the global economy. This catchphrase risks overlooking realities. China’s high-quality, competitively priced products have long been a key factor in …
Read More »Xinhua releases report on international education in China
BEIJING | Xinhua | Xinhua Institute, the think tank arm of Xinhua News Agency, on Saturday released a report titled “Study in China: Contributing to the Building of a Community with a Shared Future for Humanity.” The report analyzed the practices and importance of China’s efforts at the national strategic …
Read More »Kapchorwa Municipality faces garbage crisis as collection tractor breaks down
Kapchorwa, Uganda | URN | Kapchorwa Municipal Council is struggling to manage waste following the breakdown of its garbage collection tractor, leaving heaps of uncollected garbage in several parts of the municipality. The situation has worsened during the rainy season, with waste accumulating in residential areas, drainage channels, and open …
Read More »Mali’s defense minister dies in terrorist attacks
BAMAKO | Xinhua | Mali’s Minister of State, Minister of Defense and Veterans Affairs, Gen. Sadio Camara, died following Saturday’s terrorist attacks in several parts of the country, the Malian transitional government said Sunday night. In a statement, the government said Camara’s residence in Kati, a garrison town near the …
Read More »How dfcu Bank is supporting Ojok’s vision of transforming Northern Uganda through coffee
Kampala, Uganda | NEWS CORRESPONDENT | Uganda has set an ambitious goal to grow its economy from approximately $50 billion to $500 billion by 2040 under the National Development Plan IV, NDP IV. This growth is being driven through a focus on agro-industrialisation, tourism, mineral development, and science, technology, and …
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