“This fossil fuel crisis will happen again and again,” said UN Climate Change Executive Secretary Simon Stiell. “Sunlight does not depend on narrow and vulnerable shipping straits. Wind blows without massive taxpayer-funded naval escorts.” LONDON | GAO WENCHENG – Xinhua | As Tuesday marks two months since the United …
Read More »Sentence for former S. Korean president Yoon increased to 7 years on appeal for obstruction of arrest
SEOUL | Xinhua | The sentence for former South Korean President Yoon Suk-yeol was increased to seven years on Wednesday on appeal for obstruction of arrest, according to the rule of the Seoul High Court. The court overturned the lower court’s ruling, lengthening Yoon’s prison term from five to seven …
Read More »What to know about UAE exit from OPEC, OPEC+
CAIRO | Xinhua | The United Arab Emirates (UAE) on Tuesday announced its decision to quit the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective on May 1, following “a careful look at the regional power’s energy strategies.” Why is the UAE leaving one of …
Read More »EAC’s expansion has triggered financial troubles: why solutions come with risks
Each of the eight partner states is expected to contribute approximately US$7 million to fund the bloc’s operations COMMENT | NICODEMUS MINDE | The East African Community is one of Africa’s oldest regional economic organisations. Its birth in 1967 was the culmination of decades of economic ties forged in the …
Read More »Uganda’s oil moment and the case for a patient energy transition
The true measure of Uganda’s oil and gas sector will not be production volumes, but its ability to drive structural economic transformation COMMENT | MUMBA KALIFUNGWA | As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of deep contradiction in the global energy …
Read More »MTN Uganda opens Kabale innovation hub
Kabale, Uganda | THE INDEPENDENT | MTN Uganda, through its MTN Foundation, in partnership with the Ministry of ICT and National Guidance and Centenary Technology Services, has officially handed over a regional innovation hub to Kabale University, as part of efforts to expand digital skills and entrepreneurship among young Ugandans. …
Read More »URSB marks World Intellectual Property Day 2026
Kampala, Uganda | THE INDEPENDENT | The Uganda Registration Services Bureau (URSB) has joined the global community in marking World Intellectual Property Day 2026, with this year’s celebrations held under the theme “IP and Sports: Ready, Set, Innovate” at the Uganda Business Facilitation Centre in Kololo. The event brought together …
Read More »Africa has the money… now it must learn how to use it
Institutional investors are driving much of the growth in domestic capital. Pension and insurance assets have now surpassed $1 trillion for the first time Nairobi, Kenya | THE INDEPENDENT | Africa’s domestic capital has grown to a point where it now exceeds external financing flows, marking a shift in how …
Read More »Stanbic incubator farmers secure export deal for European markets
Kampala, Uganda | THE INDEPENDENT | Horticultural farmers in the Bunyoro region have entered a joint venture with local exporter KK Foods to supply fresh produce to Western Europe, including the United Kingdom, in a move expected to boost rural incomes and strengthen Uganda’s presence in international agricultural markets. The …
Read More »Africa’s climate bet: Can a new $750m fund make infrastructure withstand a hotter future?
The continent loses between 2% and 5% of its gross domestic product each year due to climate-related shocks Kampala, Uganda | THE INDEPENDENT | A new push to finance climate-resilient infrastructure in Africa has gained momentum, after a major development bank committed funding to a continent-wide investment vehicle. The Development …
Read More »
The Independent Uganda: You get the Truth we Pay the Price