Kampala, Uganda | THE INDEPENDENT | Quarterly Review of the Performance of Uganda’s Financial Markets, with Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. ****** QUESTION: How did the shilling open the third quarter of the year? The shilling opened the month of July 2023 at the 3665/3675 levels. QN: What …
Read More »Absa Bank Uganda, Old Boys Association to restore forest cover on Mwiri’s 560 acres
Jinja, Uganda | THE INDEPENDENT | Absa Bank Uganda has teamed up with the Mwiri Old Boys Association (MOBA) project to restore the school’s tree cover which has diminished over the years owing to the impact of human activity. The school is situated on a hill occupying 560 acres which includes …
Read More »Wolves hand leaders first defeat while Arsenal win, Man United falls
London, UK | THE INDEPENDENT | Arsenal profited from Manchester City’s first defeat of the season to move one point behind the leaders with a comfortable 4-0 win at AFC Bournemouth. Man City dropped points for the first time in 2023/24 at the hands of Wolverhampton Wanderers, thanks to Hwang …
Read More »Spurs grab dramatic win over nine-man Liverpool
London, UK | THE INDEPENDENT | For the second home match running, Tottenham Hotspur secured a dramatic stoppage-time victory, this time beating nine-man Liverpool to go second in the table, a point behind Manchester City. Two weeks after a goal in the 10th minute of stoppage time secured a 2-1 win over Sheffield United, an own …
Read More »Turkey’s Erdogan looks west to ease economic woes at home
Ankara, Turkey | Xinhua | Turkish President Recep Tayyip Erdogan, following his election victory in May, has embarked on a foreign policy shift aimed at improving relations with the West, a move that coincides with his country’s pursuit of external financing, experts have noted. During the July NATO Summit in …
Read More »RWANDA: 20 people killed, 58 more injured by rain-induced disasters in September
Kigali, Rwanda | Xinhua | At least 20 people have so far been killed and 58 others injured by disasters triggered by heavy rains in Rwanda since the beginning of September, according to data released by the Ministry in Charge of Emergency Management Thursday. Almost half of the victims of …
Read More »Cryptocurrency: What is cloud mining?
Musk said that the most profitable mining platform in the past three years is here As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many people who used to mine cryptocurrencies using their own hardware are now finding it unsustainable …
Read More »Russia to increase defense spending in 2024: Kremlin
Moscow, Russia | Xinhua | It is necessary for Russia to increase defense spending in 2024, due to the hybrid war that is being waged against the country, the Kremlin said Thursday. “It is clear that such an increase is … absolutely necessary,” local media reported, citing Kremlin Spokesman Dmitry …
Read More »Experts skeptical about Co-operative Bank revival
Kampala, Uganda | THE INDEPENDENT | Experts have given a cautious view of the proposed revival or re-establishment of the national co-operative bank. Their skepticism mainly stems from the many years that have passed since the collapse of the cooperative bank, virtually more than 30 years ago. Morgan Gyaviira Bonna, …
Read More »Health Ministry launches guidelines for DNA testing
Kampala, Uganda | THE INDEPENDENT | The Ministry of Health (MOH) has launched new guidelines for paternity testing. The guidelines require laboratories across the country to among others apply for accreditation to be allowed to collect samples and also have staff that include a counselor or clinical psychologist on the …
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