Abuja, Nigeria | THE INDEPENDENT | Africa’s multilateral lender, the African Export-Import Bank, aims to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement was made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, during the African Caucus Meeting …
Read More »The Paris Olympics’ opening ceremony
Watch the controversial ceremony carefully again and look out for its emancipatory meaning COMMENT | SLAVOJ ZIZEK | Two big cultural events this summer, the opening ceremony of the 2024 Paris Olympics and the release of Deadpool & Wolverine, both offer dazzling spectacles saturated by irony. But that is about all …
Read More »The rise of techno-colonialism
Where colonialism of old was about seizing territory, techno-colonialism controls our daily lives COMMENT | HERMANN HAUSER & HAZEM DANNY NAKIB | In 1853, under orders from President Millard Fillmore, U.S. Navy Commodore Matthew Perry led four warships on a mission to persuade Japan to end its 200-year-old isolationist policy. When …
Read More »Protests highlight corruption at the top
But political elites in Kenya and Uganda don’t give in without a fight against anti-corruption COMMENT | INGE AMUNDSEN | The recent protests by young people in Kenya and Uganda have highlighted a form of corruption that is difficult to deal with: political corruption. Compared to its cousin, administrative or bureaucratic …
Read More »Chocolate makers ‘may have to cut cocoa content’
The price of cocoa hit a peak in April at $12,261 a tonne, having been about $3,000 in April 2023, but by this month the price of cocoa had dipped again to about $7,750. ANALYSIS | ANDREW TURNER | Chocolate bars could get smaller or have cheaper ingredients added as …
Read More »Do women need more sleep than men?
Age and hormones contribute to a greater need for sleep among women ANALYSIS | AGENCIES | Women and men love to debate the differences between the sexes. But here’s the reality: Science confirms that women not only need more quality sleep than their male counterparts, but they also have a more …
Read More »MTN Uganda’s unveils second phase of MTN Changemakers
The company plans to invest Shs 500 million in 25 projects countrywide Kampala, Uganda | THE INDEPENDENT | MTN Uganda, through the MTN Foundation has launched the second phase of the MTN Changemakers Initiative, a transformative program designed to drive positive social change across Uganda. This new phase will see an …
Read More »MTN MoMo donates Shs 55 million towards Ekisaakaate Kya Nnabagereka
Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech firm, MTN MoMo has contributed Shs 55 million to support Ekisaakaate Kya Nnabagereka slated for January 2025, reinforcing its commitment to empowering Ugandan youth and preserving cultural heritage through technology. The launch event, held in the Bulange gardens last Wednesday at Mengo, …
Read More »China’s manufacturers are going broke
Overcapacity is leading to soaring bankruptcies ANALYSIS | AGENCIES | Most news on China’s manufacturers is bad news for rivals around the world. Foreign governments fear their domestic champions will be pummelled by low-cost Chinese rivals. But on August 5th the world got a small reminder that China’s producers face big …
Read More »BoU cuts key interest rate as inflation risks subside
Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
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