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The News Today

Zambia gives first president Kaunda grand farewell

Lusaka, Zambia | Xinhua | Zambia has held a grand funeral for the country’s first President Kenneth Kaunda. Held at the Show Grounds, a venue for holding agricultural and commercial shows in Lusaka, the country’s capital, the state funeral attracted hundreds of people, including leaders from different parts of the …

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BOU: Mobile money transfer will add value to money

Kampala, Uganda | THE INDEPENDENT | Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda (BOU), amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act …

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Uganda approves COVIDEX

Kampala, Uganda | THE INDEPENDENT & URN |  COVIDEX, a local herbal medicine, has finally been approved by Uganda’s National Drug Authority (NDA) as a supporting treatment for viral infections including Covid-19. The development comes a week after attempts were made to halt the distribution of the medicine that Ugandans were …

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COVID-19: IMF approves US$1 billion for Uganda

Washington, US | THE INDEPENDENT | The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to US$1 billion to support the post-COVID-19 recovery and the authorities’ plan to increase households’ incomes and inclusive growth by …

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