• Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …

Mukono, Uganda | THE INDEPENDENT |  The Police and Uganda People’s Defence Forces (UPDF) have so far arrested 29 people suspected of having orchestrated the lynching of five people, who allegedly killed two Bodaboda riders last week. Sande Ssemanda and Richard Mawanda were hacked to death and their motorcycles were …

Is the NRM now  a mourdant organisation hurtling towards history’s oft unflattering heap of once promising African Political Organisations? COMMENT | ANDREW BESI | Last month, President Museveni arrived in Bukedea district to officially open Bukedea Teaching Hospital constructed, in its entirety, by House Speaker Anita Magogo, more commonly known as …

BEIJING | Xinhua |  A series of indicators have shown the Chinese economy accumulated a number of positive elements in the first quarter, kicking off a good start to this year despite pressures and challenges both at home and abroad. The country’s gross domestic product (GDP) recorded a year-on-year growth …

  South Africa is to transition its rail network towards a more open and competitive model, allowing private train operators access to its extensive rail infrastructure. SPECIAL REPORT | BIRD AGENCY | South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a …

Jinja, Uganda | THE INDEPENDENT |  Equity Bank in partnership with the Kenya High Commission and Million Trees International has embarked on a tree-planting campaign that will see over 43,000 indigenous trees planted on the slopes of Busoga College Mwiri hill, including 10 acres of orchard. The project is supported …

ARUA, Uganda | THE INDEPENDENT |  Two individuals have been apprehended for attempting to bribe the Officer-in-Charge of the Criminal Investigation Division (OC CID) at the Arua District Central Police Station in Odumi, in an effort to evade investigation into a murder case. The suspects, identified as Annet Ajikia and Brian …

Kampala, Uganda | THE INDEPENDENT |  Shops in all parts of the city center have closed as traders protest over the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) system. The protests were started last week by traders affiliated with the Federation of Uganda Traders’ Associations (FUTA). On Tuesday, they were …

Twin growth in the number of talented young filmmakers and private investors is powering Kenyan production and viewer interest. SPECIAL REPORT | BIRD AGENCY| Kenyan viewers are beginning to show a strong preference for locally-produced content, regional giant MultiChoice has revealed, with the appetite and consumption of Kenyan-made films now …

GENEVA | Xinhua |  Chinese economic recovery from the impact of the Covid-19 pandemic will be an important factor in driving world trade growth, said Ralph Ossa, chief economist of the World Trade Organization (WTO), in a recent interview with Xinhua. On Wednesday, the WTO published the 2024 edition of …