Kampala, Uganda | Isaac Khisa | Africa’s multi-lateral lender, African Export-Import Bank has unveiled a US$3bn facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic. PATIMFA, approved by the Bank’s Board of Directors during its sitting on March.20, …
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Kampala, Uganda | Isaac Khisa | Uganda government is set to receive US$150,000 from the pan-African lender, United Bank for Africa, as part of its efforts to stem the effects of the devastating coronavirus. The support is part of the US$14 million kitty that UBA has announced through its UBA Foundation to …
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Kampala, Uganda | Isaac Khisa | Kenyan-based lenders, Commercial Bank of Africa and NC Bank, are expected to finalize their merger in the second quarter of this year subject to the regulatory approval. The two banks submitted their request to merge their operations to Bank of Uganda late last year. Releasing the …
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Kampala, Uganda | Isaac Khisa | Stanbic Bank Uganda registered a record 20% growth in net profit to Shs 259 bn last year compared with the 2018 citing increase in both interest and non-interest incomes. The bank also recorded a 20% year-on-year growth in revenues to exceed Shs 800 billion. …
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Washington, United States | AFP | President Donald Trump said Monday he expects his Russian counterpart Vladimir Putin to request the lifting of US sanctions during an upcoming phone call. “Yeah, he’ll probably ask for that,” Trump told Fox News. Trump did not say what his response would be, noting that …
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Kampala, Uganda | THE INDEPENDENT | The Inspector General of Police-IGP, Martins Okoth Ochola has tasked the Legal Director, Christine Nanding to work with Attorney General to appeal the Constitutional Court judgment nullifying section 8 of the Public Order Management Act. This particular section gave the IGP discretionary powers to …
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Madrid, Spain | AFP | Real Madrid’s Karim Benzema has mocked France striker Olivier Giroud by likening himself to a Formula One car and Giroud a go-kart. Benzema has not played for France since 2015 and watched from afar as Giroud spearheaded the team’s World Cup triumph in Russia two years ago. With over 500 …
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London, United Kingdom | AFP | Medical researchers and engineers have teamed up with Formula One outfit Mercedes to adapt a breathing aid for mass production that could keep coronavirus patients off much-needed ventilators. University College London said UK regulators had approved its adaptation of the continuous positive airway pressure device …
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Kampala, Uganda | THE INDEPENDENT | Farmers have been advised to shift from person-to-person interfaces and embrace online technological innovations to support food production and the supply chain. Associate Professor Alex Ariho, the Director-General of Excel Hort Consult Agribusiness incubator in Biharwe, says that farmers need to borrow a leaf …
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Hoima, Uganda | THE INDEPENDENT | At least four coronavirus isolation units have been set up at Hoima Regional Referral Hospital. This comes just days after two people from Hoima tested positive to the coronavirus . They include a 55-year-old man, a resident of Kibugubya village who recently returned from …
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The Independent Uganda: You get the Truth we Pay the Price
