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In The Magazine

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MTN MoMo posts Shs 250.2 bn in net profit

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …

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Phone fraud suspect handed jail term

The public has been warned against interfering with financed digital assets since such acts constitute criminal offenses   Kampala, Uganda | THE INDEPENDENT | The Makindye Chief Magistrate’s Court has sentenced a man to six months in prison after he pleaded guilty in a phone fraud case involving a pay go/credit …

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US and Russia are negotiating in bad faith

US President Donald Trump is threatening to impose yet more sanctions on Russia, in order to pressure President Vladimir Putin to accept a ceasefire deal in Ukraine COMMENT | NINA L. KHRUSHCHEVA |  The US and Russian delegations that just met in Istanbul had made it clear that they were …

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Putting meaning back in money

How Shakespeare can help us shift from the accumulation of wealth, power and status to a search for our deeper purpose COMMENT | PAUL YACHNIN & LAURETTE DUBE | From greed for resources and money to technology run amok and a politics of domination, hatred and fear of others, our world …

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Oracle, Eclectics partner to tap into East African businesses

Cloud computing infrastructure, analytics hailed for transforming business processes Kampala, Uganda | IAN KATUSIIME | US-based tech powerhouse Oracle has teamed up with Eclectics International, a leading Kenyan IT firm, to provide innovative technological solutions aimed at driving business efficiency and digital transformation across East Africa and beyond. The partnership was …

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The death of democracy under military captivity

If Museveni went to the bush over rigged elections, then restoring a credible elections should have been his main goal COMMENT | MORRIS KOMAKECH |  The most deceptive narrative for justifying the 1980-85 Luwero bush war was that then-president Milton Obote’s Uganda Peoples Congress (UPC) party rigged 1980 general elections. …

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Afreximbank to build seven Trade Centres to Boost Intra-African Trade

These trade facilities are designed to serve as physical and institutional hubs that promote trade facilitation, investment promotion, and capacity building across Africa Abuja, Nigeria | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has unveiled plans to establish seven Afreximbank African Trade Centres (AATCs) across the continent in a …

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