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The Independent

China boosts defenses on South China Sea islets

Washington, United States | AFP | New satellite imagery shows China has apparently installed “significant” defensive weapons on a series of artificial islands it built in the South China Sea, a US-based think tank said Wednesday. Beijing has created seven islets in the Spratly Islands in recent years, built up …

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VIDEO: Why Central Bank has lowered Uganda’s CBR

VIDEO: The Central Bank has once again eased the Central Borrowing Rate by one percentage point to 12 percent. According to Professor Emmanuel Mutebile, the Central Bank governor, the reduction is aimed at keeping the domestic economic growth momentum and inflation in check. Inflation has slightly picked up in the past …

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VIDEO: NRM has no funds for LCI elections, says Tanga Odoi

VIDEO: The ruling National Resistance Movement is financially handicapped and therefore unable to mobilize grassroot structures ahead of the local council elections. The party’s electoral commission chief Dr. Tanga Odoi says they are still waiting for the central executive committee to come up with a budget, before they embark on …

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Nigeria’s leader wants spending spree to boost economy

Abuja, Nigeria | AFP | Nigeria’s President Muhammadu Buhari proposed Wednesday a multi-billion dollar jump in spending designed to lift the nation out of the “most challenging economic situation” in its history. He pitched his NGN 7.3 trillion budget ($23 billion) proposal for 2017 — a 20 percent boost over …

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Trump meets with tech execs, including his critics

New York, United States | AFP | US President-elect Donald Trump sat down Wednesday with top tech executives — including several of his sharpest critics — to mend fences after a divisive election in which the majority of Silicon Valley backed Hillary Clinton. The afternoon summit at Trump Tower comes …

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