Washington, U.S. | Xinhua | The global economy is “dangerously close” to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said Thursday. “We’ve lowered our 2023 growth forecast from 3 percent to 1.9 percent for the global …

Kabale, Uganda | THE INDEPENDENT | Edwin Mbabazi, the Kabale Resident State Attorney is in trouble for allegedly receiving a bribe of Shillings 125,000. He was arrested on Thursday by a team of detectives from the Inspectorate of Government, following a complaint by a whistleblower from Kyanamira sub-county, Kabale district. Sam …

Distress in markets shows central banks efforts to lower inflation will cause economic and financial crash COMMENT | NOURIEL ROUBINI | For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and …

Kampala, Uganda | THE INDEPENDENT | Uganda’s leading e-commerce platform, Jumia will for its 6th year running, host the annual Jumia Black Friday from November 4th to 30th, 2022. The company hosted hundreds of its vendors to a conference at Fairway Hotel in Kampala  Thursday to recognize, guide and encourage …

  Kampala, Uganda | THE INDEPENDENT | Uganda’s mining industry is likely to face a struggle to access the needed insurance cover as they plan more exploration and production. As different companies step up their activities, huge amounts of money will be spent covering for any eventualities that might result in …

Kampala, Uganda | THE INDEPENDENT | Ugandan traders have renewed their demands to Parliament seeking compensation of $15 million (57.535 billion Shillings) from the government for losses they incurred during the armed insurgency in neighboring South Sudan. The 160 traders led by Rashid Manafa, under their umbrella body, Joint Action for …

Kampala, Uganda | THE INDEPENDENT | On Tuesday 10th October, Ecobank launched its new “Uganda we go” campaign which presents the bank as a partner for goal-oriented individuals, a facilitator that can propel them to new heights and enable them to achieve their ambitions and realise their aspirations. Grace B Muliisa, …

Moscow, Russia | Xinhua | Without the participation of Russian experts, Moscow won’t recognize any results of investigations into leaks on the Nord Stream pipelines, the Russian Foreign Ministry said Thursday. In a statement, the ministry said it had summoned envoys from Germany, Denmark and Sweden in recent days to express …

Kampala, Uganda | THE INDEPENDENT | The British High Commission in Kampala on 12th October announced that the UK will provide £2.2m to WHO, UNICEF and WFP to support Uganda’s response to the current Ebola outbreak.  This will consist of: £400,000 to the World Health Organization (WHO), to enhance case investigation …

Kampala, Uganda | THE INDEPENDENT | The family of Joan Agnes Kyotalimye, who was taken to Saudi Arabia as a causal laborer has tasked Alasker International company to return their daughter. This stems from a video on different social media platforms showing Kyotalimye ill, and locked up in a hospital in …