The sector delivered a record performance in 2024, with industry-wide net profits surging 16% year-on-year to Shs1.6 trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s banking sector delivered a record performance in 2024, with industry-wide net profits surging 16% year-on-year to Shs1.6 trillion ($420 million), buoyed by improved cost structures, asset …

He was a long-standing ally of Francis, who repeatedly called for peace COVER STORY | AGENCIES | Cardinal Robert Francis Prevost of Chicago was elected pope on April.08, becoming the first American to lead the Roman Catholic Church. He has chosen the papal title of Pope Leo XIV. The 69-year-old cardinal, …

Five candidates vying to lead the African Development Bank shared their visions at a public forum ahead of the May 29 election, outlining priorities from infrastructure, debt reform, food sovereignty and private sector investment ANALYSIS | AYENAT MERSIE |  Five candidates vying to lead the African Development Bank made their pitches …

The fibre route not only reduces the distance and latency between Uganda and global networks but also introduces greater redundancy to Uganda’s connectivity infrastructure Kampala, Uganda | THE INDEPENDENT | Bayobab Uganda, the digital infrastructure arm of MTN Group, has unveiled a major fibre optic route connecting Kampala to Malaba, marking …

Kampala, Uganda | THE INDEPENDENT | Airtel Africa’s agreement with SpaceX marks a significant step towards transforming digital access across the continent, as the telco partners with the satellite provider to expand Starlink’s reach into underserved areas. The partnership, announced on April.6, is expected to bring Starlink’s low-Earth orbit satellite internet …

Donald Trump’s  most destructive economic policies will be contained by market, institutional, and structural forces COMMENT | NOURIEL ROUBINI | Last December, I argued that while some of US President Donald Trump’s policies would be stagflationary (reducing growth and raising inflation), such effects would ultimately be mitigated by four factors: market …

Despite contributing less than 0.1% of global emissions, Kenya’s ambitious NDC charts a path to 100% renewable electricity and deeper climate integration across its entire economy Nairobi, Kenya | JESSE CHASE-LUBITZ | Kenya submitted its nationally determined contribution, or NDC, on Friday, and experts are impressed. NDCs are country-specific plans …

An evolutionary expert weighs-in COMMENT | RENAUD JOANNES-BOYAU | The internet’s latest absurd obsession is: who would win in a no-rules fight between 100 average human men and one adult male gorilla? This hypothetical and strange question has taken over Reddit, TikTok, YouTube and Instagram. Some argue that humans once hunted …

In its latest economic outlook, the IMF sees only the storms in the Western skies rather than the calm in the East COMMENT | VIJAY PRASHAD | On 22 April 2025, the International Monetary Fund (IMF) released its annual World Economic Outlook report, which has a quiet but decisive subtitle: A …

Vatican, Rome | VATICAN NEWS | The 133 Cardinal electors gathered in the Vatican’s Sistine Chapel have elected the new Pope. He will appear soon at the central window of St. Peter’s Basilica. **** Source: @VaticanNews Share on: WhatsApp