New York, USA | Xinhua | U.S. President Joe Biden and his predecessor Donald Trump are just the latest in a four-decade-long chain of recent presidents who have mishandled classified documents during their tenure, New York Post has reported. Every U.S. administration since President Ronald Reagan has in some form fumbled …
Read More »Private sector reports better business
Kampala, Uganda | THE INDEPENDENT |A new study of the private sector operations in Uganda shows an increase in the rate of job creation across sectors in Uganda. The study done over the month of April on corporate companies found that staffing levels rose in response to greater new orders, …
Read More »Apple reports second quarter results
San Francisco, USA | Xinhua | Apple on Thursday announced financial results for its fiscal 2023 second quarter ending April 1, with a quarterly revenue of 94.84 billion U.S. dollars, down 3 percent year over year. The company posted its quarterly earnings per diluted share of 1.52 dollars, unchanged year over …
Read More »Wealth Report: African millionaires to rise 42% by 2032
Rwanda was the top performing market in Africa during the past decade, with millionaire growth of 72%, followed by Mauritius, the Seychelles, Uganda, and DRC Kampala, Uganda | THE INDEPENDENT & AGENCIES | Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by …
Read More »Attacks on media freedom increase – report
Kampala, Uganda | THE INDEPENDENT | The rule of law is a precious resource that protects free expression, press freedom, and the rights of journalists around the world. But that law is increasingly being abused to curtail media freedom and silence critical voices according to a new study by the Thomson …
Read More »2023 Africa Wealth Report
It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …
Read More »Kampala real estate sector blues
New report indicates 4% surge in demand for office space Kampala, Uganda | THE INDEPENDENT | The latest real estate market report for the second half of 2022, published by Stanbic Properties Limited, a subsidiary of Stanbic Uganda Holdings Limited shows mixed activity performance in different spaces attributed to different factors. …
Read More »Innovation, prompt claims payouts boost Insurance growth
Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance Industry reports that in 2022 the various companies collected a total of 1.44 trillion Shillings in gross underwritten premiums, compared to 1.13 trillion Shillings recorded in 2021. This, according to the industry is due mainly to increasing awareness by the public of the …
Read More »Why Ugandans are getting poorer?
New report explains it using 12 pillars COVER STORY | RONALD MUSOKE | Overall, Ugandans are better off today than they were 10 years ago, according to a report published on Feb.28 by the Legatum Institute, a London-based think-tank. On specifics, however, many Ugandans are far worse off than they were …
Read More »Uganda’s maternal mortality rate decreases
Kampala, Uganda | THE INDEPENDENT | Uganda’s maternal mortality rating has decreased from 336 mothers per 100,000 live births to 284 women per 100, 000 live births, the Ministry of Health reports. While Uganda has not yet conducted a new health demographic survey, according to Dr Charles Olaro, the Director of …
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