In The Magazine

Kampala, Uganda | THE INDEPENDENT |  On Feb 22, Kenya’s Treasury said it raised US$ 2 billion in a new sovereign bond issue listed at the London Stock Exchange (LSE). The Treasury said the Bond attracted a significant level of interest leading to over subscription. “This issue was seven times …

Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …

UGANDA: Why economic development tends to increase social insecurity leading to anger  THE LAST WORD | ANDREW M. MWENDA |  A couple of months ago, the Uganda Bureau of Statistics produced its survey showing that between 2012 and 2017, the number of people living in poverty increased from 19 to 27%. This provided …

Kampala, Uganda | THE INDEPENDENT | Residents of a small American village have been left baffled and puzzled by prank calls from people claiming to have discovered the home of Black Panther superhero, T’Challa the Marvel. The hero is king of a fictional African country of Wakanda – outwardly ordinary, …

Kampala, Uganda | THE INDEPENDENT | A twelve- year old Indian girl, Suchetha Satish, who lives in Dubai, recently shattered two Guinness World Records at the same time by singing songs in 102 different languages during an impressive concert that lasted six hours and 15 minutes. Suchetha, who is in …

Kampala, Uganda | THE INDEPENDENT | Akmal, a 14-year old boy from Gowa, Indonesia, has “laid” an egg in front of doctors, which is the 20th his family claims he has produced over the past two years. Akmal was allegedly brought to the clinic by his family who claims he …

Kampala, Uganda | THE INDEPENDENT | Women in Mexico have given up on men and decided to marry trees instead. Apparently, their new grooms are not very talkative, but they are tall, do great things for the planet and are renowned for their wood. Photos from the mass ceremony in …

TMEA hopes to raise $100m within the next five years to pay for the projects Kampala, Uganda | AGENCIES | Construction of a new logistic hub in Gulu, northern Uganda, completion of a One Stop Border Post along the Uganda-Democratic Republic of Congo (DRC) frontier, improvements at Entebbe International Airport and …

Kampala, Uganda | THE INDEPENDENT | Kenya’s Treasury Secretary, Henry Rotich, has indicated plans to repeal the rate cap law as part of the contentious reforms demanded by the International Monetary Fund to extend a frozen Kshs 153bn emergency standby facility that expires this month. The facility, which is designed …

Kampala, Uganda | THE INDEPENDENT | The East African Court of Justice has dismissed an appeal filed by Castro Pius, a Tanzanian national, seeking to block the East African Community from signing the Economic Partnership Agreement (EPA) with the European Union. The Court said the appellant’s conduct in seeking to …