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The Independent

Uganda pilots first state-owned Money Market Fund

The government-backed scheme aims to attract first-time investors who may be hesitant to trust private asset managers Kampala, Uganda | THE INDEPENDENT | Uganda has launched a pilot of Africa’s first government-owned unit trust scheme, aiming to channel informal household savings into regulated investment products and strengthen domestic capital markets. The …

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Mamdani sworn in as New York City’s first Muslim mayor

NEW YORK | Xinhua | Democrat Zohran Mamdani was sworn in as New York City mayor on Thursday, becoming the first Muslim leader of America’s largest city by population with a vow to combat the city’s affordability crisis. In his inauguration ceremony, Mamdani reiterated his campaign promises to make the …

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OIL: Uganda eyes double-digit growth

Kampala, Uganda |  Xinhua |  Uganda has been racing to bring its oil and gas fields in the west of the country into commercial production, a long-awaited milestone that officials said could propel the East African nation onto a path of double-digit economic growth from 2026. Ugandan President Yoweri Museveni …

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How Africa’s telcos are leading the satellite push

Africa’s mobile operators are leading the way in Africa’s growing satellite internet market, transforming low Earth orbit technology from a niche service into a mainstream tool for connecting rural and enterprise customers. SPECIAL REPORT | BIRD AGENCY | Vodacom’s recent partnership with Starlink signals a structural shift in Africa’s connectivity …

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Museveni commissions ethanol, sugar plants in Luwero

Luwero, Uganda | THE INDEPENDENT | On Dec.30, President Yoweri Museveni commissioned two major industrial projects in Luwero District, reinforcing the government’s push for agro-industrialisation, value addition, and job creation. The first stop was PRO Industries Pte Limited, an ethanol and extra-neutral alcohol (ENA) plant in Ndibulungi Village. The facility, …

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YEAR-ENDER: Peace, development remain Asia-Pacific’s shared aspirations amid security challenges

HONG KONG | Xinhua |  In 2025, the Asia-Pacific region faced a series of security challenges, ranging from recurring border conflicts, aggressive political rhetoric to domestic unrest in several countries. Despite these challenges, regional countries continue to express a shared commitment to peace and development, highlighting that dialogue and cooperation …

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