Kampala, Uganda | THE INDEPENDENT | The chief executive of Uganda Microfinance Regulatory Authority (UMRA) says money lenders and non-deposit-taking microfinance institutions should charge interest rates in the region charged by commercial banks. Avu Elly Biliku, in an interview with Uganda Radio Network on Wednesday said the microfinance law stipulates that …

New York, United States | AFP | Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels. Compensation figures released so far by large banks this year suggest a rich season for CEOs, despite …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga, has tasked government to present an action plan to put an end to Female Genital Mutilation (FGM). Delivering her communication from the chair at the start of plenary sitting of Parliament on Tuesday, 22 January 2019, Kadaga said …

San Francisco, United States | AFP | From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 percent from the previous year, according to figures from …

Kampala, Uganda | THE INDEPENDENT | Police has shot three suspected robbers in Kireka- Bira Village in Wakiso District. The trio was gunned down at 2am this morning while trying to rob the home of Godfrey Atukwatse. Police was called by Atukwatse’s neighbors when they saw six men armed with machetes …

Davos, Switzerland | AFP | Here is a serving of quotes from the World Economic Forum (WEF) in Davos on Tuesday, where a year after US President Donald Trump stole the show, Brazil’s new far-right leader grabbed the limelight. “I’d like to say it’s a personal treat for me to be …

Paris, France | AFP | France will require telecommunications companies to allow more government oversight and control of the equipment required for next-generation 5G wireless networks due to security concerns, a government official said Tuesday. The move comes as several Western nations have barred China’s Huawei from participating in contracts for …

Kampala, Uganda | THE INDEPENDENT | Hoima District Security Committee has halted the allocation of Kandanda Forest reserve in Kyabigambire Sub County to private investors by the National Forestry Authority-NFA. The decision was reached in a community meeting held on Monday evening at Kyampaka village in Bulindi parish in Kyabigambire …

Kampala, Uganda | THE INDEPENDENT | Fire has gutted Buganda Land Board Offices in Luweero town destroying vital documents and computers. The fire is believed to have broken out at 5:30am on Tuesday morning in the office containing key documents before it spread to other offices. Charles Ssenteza, a private …

Berlin, Germany | AFP | Enemies during both world wars, France and Germany have since forged a close friendship, acting together as the powerhouse driving the European Union. Below are highlights of their relations since the end of World War II: – Beginnings of EU – – May 9, 1950: French …