However, Kenya leads the region with a significantly higher AUM of US$ 2.44 billion Kampala, Uganda | JULIUS BUSINGE | Uganda’s Collective Investment Schemes (CIS) licensed by the Capital Markets Authority (CMA) in Uganda surpassed Shs3.85 trillion (US$ 1.05 billion) in assets under management (AUM) as at the end of Dec …
Read More »Uganda conducts first ever Ebola Sudan vaccine trial
It is also the first clinical trial of the vaccine during an outbreak Kampala, Uganda | AGENCIES | In a global first, Uganda’s Ministry of Health, the World Health Organization (WHO) and other partners on Feb.03 launched a first-ever clinical efficacy trial for a vaccine from Ebola from the Sudan species …
Read More »UEGCL reports 60% growth in net profit to Shs54bn
UEGCL’s remarkable progress in financial growth and energy generation is a testament to Uganda’s commitment to sustainable energy development, according to Minister Nankabirwa Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 …
Read More »Sekajugo’s art features at Marrakech 2025
Sekajugo featured with emerging Ivorian, Tunisian artists ART | AGENCIES | Internationally celebrated Ugandan artist Collin Sekajugo was one of three artists exhibited by Galerie Farah Fakhri at the 1-54 Contemporary African Art Fair in Marrakech 2025 in Morocco. Sekajugo featured with emerging Ivorian multidisciplinary artist Chada Gnangoran, and the Tunisian …
Read More »Mastercard opens office in Kampala
The new office is part of a broader strategy to expand footprint across Africa, with existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, Port Louis, and Accra Kampala, Uganda | THE INDEPENDENT | Mastercard has opened its first office in Kampala, marking a significant milestone in its expansion across East Africa. …
Read More »What USAID shutdown means for Uganda
Aid programmes, local economy in turmoil ANALYSIS | IAN KATUSIIME | Aid programmes in Uganda are in a severe crisis following the shutdown of United States Agency for International Development (USAID) by President Donald Trump. The shuttering of USAID, America’s primary vehicle for humanitarian assistance, has caused consternation in the developing …
Read More »EU, EAC launch Shs 30bn projects to boost trade and integration
The new projects align with the EU’s broader strategy to support regional integration through the AfCFTA and the Team Europe Initiative Kampala, Uganda | THE INDEPENDENT | The European Union and East African Community have launched three strategic initiatives aimed at deepening regional integration, enhancing trade, and fostering inclusive economic growth. …
Read More »Aga Khan, leader of Ismaili Muslims, dies at 88
His charities ran hundreds of hospitals, educational and cultural projects, largely in the developing world OBITUARY | AGENCIES | The hereditary spiritual leader or Imam of the Ismaili Muslims, the Aga Khan, has died at the age of 88. Prince Karim Aga Khan was the 49th leader of the Ismaili Muslims, …
Read More »The dent in American’s soft power
How Donald Trump and Elon Musk are tearing America’s most insidious instrument of domination THE LAST WORD | Andrew M. Mwenda | The “reforms” to government spending by President Donald Trump and his newfound friend, Elon Musk, are the logical conclusion of the way “democracy” in America has evolved. America has, anyway, …
Read More »The New Washington Consensus
After watching business take over the US government, the only alternative is to abandon any pretense of democracy COMMENT | KATHRINA PISTOR | For decades, we have been told that government-operated businesses are bad for the economy. A staple of the “Washington Consensus” that emerged in the 1980s was that “private …
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