Kampala, Uganda | THE INDEPENDENT | Cotton farmers in Nebbi district are losing huge sums of money to unscrupulous mobile cotton buyers using counterfeit currency notes. The cotton farmers argue that although the mobile cotton buyers pay better prices for their produce, many of them use counterfeit currency notes. John …
Read More »Construction without coordination: how ants build megaprojects
Paris, France | AFP | Leaf-cutter ants build super highways to transfer food and building materials hundreds of metres without communicating with each other, scientists claimed Wednesday, in findings that could prompt a rethink about how some insect communities organise themselves. Each leaf-cutter colony can carve out nearly three kilometres of …
Read More »Money lenders should charge bank interest rates – Biliku
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 …
Read More »10 years after crisis, bank CEO pay swells again
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 …
Read More »Kadaga tasks government to end FGM
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 …
Read More »US video game industry scored $43.4 bn record sales in 2018
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 …
Read More »Police shoots three suspected robbers
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 …
Read More »From Prince William to Mike Pompeo: top quotes at Davos
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 …
Read More »France to seek tougher oversight of 5G network gear
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 …
Read More »Hoima security committee halts give away of forest reserve land
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 …
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