Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …
Read More »Banks 2018 surprise
Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …
Read More »Two slices of Christmas cake could push you over the drink-drive limit
Kampala, Uganda | THE INDEPENDENT | Christmas cake is the best. Boozy, stodgy, festive deliciousness. But if you’re planning on driving, then you may want to take it easy. Experts have warned that just two slices of the brandy-drenched dessert could put you over the legal drink-driving limit. And it would …
Read More »This tiny sticker keeps fruits fresh for 14 days?
Kampala, Uganda | THE INDEPENDENT | Food waste is one the greatest challenges of our time, and fruits and vegetables are particularly problematic, as an estimated 52% of harvests go bad before reaching consumers. But one Malaysian company claims to have come up with a simple and effective solution to this …
Read More »African leopards inspire Chinese `Leopard Fitness’ grandpa
Kampala, Uganda | THE INDEPENDENT | Mi Youren, a 68-year-old pensioner from Jinan, China was watching Animal World on TV when he saw the African leopards chasing antelopes and got an idea. Today, he loves nothing more than to put on a goofy tight leopard costume complete with tail and pointy …
Read More »URA shuts down six service centres in Kampala
Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …
Read More »Coca Cola company paying you $100,000 to give up smartphone
Kampala, Uganda | THE INDEPENDENT | Enhanced water company Vitaminwater, Coca Cola-owned company, recently launched a contest challenging entrants to give up their smartphones and tablets for a whole year. That’s a tough thing to do in this day and age, but the company is ready to make it worth your …
Read More »REVIEW: Winners & inventors of 2018
Kampala, Uganda | THE INDEPENDENT | Dec. 15: Miss Uganda Quiin Abenakyo was crowned Miss World Africa at the 2018 Miss World finale in China. Quinn is the first Miss Uganda to make it to the top 5 finalists. The Miss World title went to Mexico’s Vanessa Ponce de Leon with …
Read More »EU boosts Uganda’s coffee sector
Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee sector has 3.7million Euros boost to help increase market access to the largest and most lucrative markets in the world. The EU accounts for 30% of the annual global coffee consumption. Finance Minister, Matia Kasaija said, “This intervention will in return help improve …
Read More »Maiden Intra-African Trade Fair held in Egypt
Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent was held in Cairo, Egypt, between Dec.11-17, with the President of the African Export-Import Bank, Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
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