The lender has proposed a total dividend payout of Shs 300 billion to its shareholders reflecting a 7.1% annual increase compared to the previous year Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and its subsidiaries, has posted a 16.2% growth …
Read More »Sudanese Army retakes key sites in Khartoum
Almost three years into a devastating war with the Rapid Support Forces (RSF), the Sudanese Armed Forces (SAF) appear to have regained control over the capital ANALYSIS | AGENCIES | Sudanese Armed Forces (SAF) chief Abdel Fattah al-Burhan announced on March 26 that “Khartoum is now free” after his troops successfully …
Read More »Experts: Uganda must continue anti-money laundering reforms
Reports estimate that trade-based money laundering costs Uganda over $6.6 billion annually Kampala, Uganda | JULIUS BUSINGE | Financial experts have called for sustained collaboration between Uganda’s public and private sectors to strengthen the country’s anti-money laundering (AML) framework, following its recent removal from the Financial Action Task Force (FATF) Grey …
Read More »A new phase in Sudan’s civil war
INTERVIEW | On March 26, Sudanese army forces reclaimed control over the presidential palace in central Khartoum, dislodging the Rapid Support Forces (RSF) militia and claiming a major new tactical and strategic victory that could signal a new phase of the war. With the army now on the verge of reclaiming …
Read More »Inside the economics of vaccine manufacturing
Why not all African countries should venture into vaccine business ANALYSIS | The African Union has embarked on one of its most audacious health security missions: Ensuring that the continent manufactures 60% of its own vaccines by 2040. Africa currently manufactures a lowly 1% of the vaccines. However, since April 2021, …
Read More »Gen. Muhoozi’s first year as CDF
Playing roulette with nation’s security COVER STORY | IAN KATUSIIME | In the one year that Gen. Muhoozi Kainerugaba has been Chief of Defence Forces, he has become mainly known for playing Russian roulette on his X account—-sometimes raising heightened fear among opponents, engaging in light banter with the public, or …
Read More »Sarah Naluyima’s response to the Ebola
She is dedicated to changing community behaviour HEALTH | AGENCIES | Sarah Naluyima is a dedicated community health worker at the forefront of Uganda’s Ebola outbreak response. For 15 years, Sarah has worked in her community, raising awareness about various health issues. Today, her focus is on preventing the spread of …
Read More »The hazy dream of Wandi Sub-County
Where the `Leave No One Behind’ commitment is an unfulfilled promise rather than a transformative reality COMMENT | WALTER AKENA | The principle of “Leave No One Behind” is a global commitment to eradicate poverty, eliminate exclusion, and address inequalities hindering human potential. To achieve this, world leaders birthed the 17 …
Read More »Is Trump engineering the decline and fall of the dollar?
His approach to weakening it could spell the end of the US dollar’s reign as the dominant international currency COMMENT | JEFFREY FRANKEL | In 1985, U.S. officials met with their counterparts from the other G5 countries at New York City’s Plaza Hotel to negotiate a coordinated intervention to bring down …
Read More »Putin, Trump and Russian art of ‘no’ deal
Trump palpably lost in their first direct diplomatic face-off as Putin showed he can effortlessly outmaneuver him COMMENT | NICK PATON WALSH | A “no” is not a “yes” when it is a “maybe,” a “probably not,” or an “only if.” This is the painfully predictable lesson the Trump administration’s first …
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