Kampala, Uganda | THE INDEPENDENT | The Environmental Conservation Trust of Uganda (ECOTRUST) joined hundreds of runners at the 8th edition of the Uganda Wildlife Half Marathon at the weekend, standing in solidarity with the Uganda Wildlife Authority (UWA) to honour Uganda’s fallen wildlife rangers and support their children’s education. …
Read More »Afreximbank unveils $1bn fund to boost African film
Africa’s film and audiovisual industry generates an estimated $5 billion annually and employs more than 5 million people ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, through its impact investment arm—the Fund for Export-Development in Africa (FEDA)—has announced a landmark $1 billion initiative to launch the Africa Film …
Read More »Kigali AI Summit backs $60bn fund
Fund aimed at creating 500,000 jobs annually and lifting 11million Africans out of poverty by 2030 ANALYSIS | IAN KATUSIIME | The Global AI Summit for Africa, held in Kigali, Rwanda from April 3–4, galvanized the continent’s ambition to harness the transformative power of artificial intelligence (AI) for sustainable development. A …
Read More »Uganda Law Society to set up pro bono fund for journalists
Kampala, Uganda | THE INDEPENDENT | Uganda Law Society (ULS) has expressed its intentions to establish a pro bono fund for journalists to help promote media rights countrywide. Pro bono refers to services that are rendered by a professional for free. This was revealed by the President of the legal …
Read More »Afreximbank announces $1-billion African Film Fund
The sector faces several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness Kampala, Uganda | AGENCIES | Africa’s multilateral lender, African Export-Import Bank, is working on the establishment of a US$1-billion African Film Fund to be launched in 2024 …
Read More »PDM Fund disbursement begins in Kampala
Kampala, Uganda | THE INDEPENDENT | The Parish Development Model (PDM) fund disbursement kicked off in Kampala on Tuesday, November 8, 2023, with beneficiaries receiving a substantial sum of 1 million Ugandan shillings directly on their mobile phones. The official ceremony to mark the commencement of fund disbursement was held at …
Read More »US$3million renewable energy fund in the offing
Kampala, Uganda | JULIUS BUSINGE | Mott Foundation has announced that it will soon unveil a USD$3 million initiative known as DREEM (Distributed Renewable Energy Ecosystem Model) for ecosystem builders within the AgriSolar economy. Speaking at an AgriSolar stakeholder workshop organized by the Innovation Village in Kampala on Oct.4, Robert Ddamulira, …
Read More »MTN Uganda boosts Uganda Communications Universal Service and Access Fund with Shs36bn
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has today boosted the Uganda Communications Universal Service and Access Fund with UGX 36 billion for the year 2023 towards extending communications services to the underserved and unserved areas All licensed telecom operator’s telecom in the country are required to pay a statutory …
Read More »MPs caution against commercialisation of Pensions Fund
Kampala, Uganda | THE INDEPENDENT | The Committee of Public Service and Local Government has cautioned the Minister of Public Service, Hon. Muruli Mukasa against commercialisation of the Pensions Fund saying this may lead to recurrence of the challenges faced by the National Social Security Fund (NSSF). The minister appeared …
Read More »COVID-19 rescue facility for MSMEs performing miserably
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda (BOU) has admitted that a package introduced to rescue small and micro enterprises from the effects of COVID-19, has hardly worked, almost one and a half years later. According to information from the Bank, just six billion shillings has been …
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