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Tag Archives: 2023

Huawei hosts 2023 Africa 5G Summit

Kampala, Uganda | THE INDEPENDENT | Africa 5G Summit, a prominent event within the sixth Southern Africa Mobile Broadband (MBB) VIP Salon, underscored the pivotal role of 5G in shaping Africa’s business landscape. Hosted by Huawei and held during AfricaCom, the continent’s largest technology conference, the summit convened industry leaders, government …

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FIFA announces draw for 2023 U20 World Cup

Geneva, Switzerland | Xinhua | Football’s world governing body FIFA held Friday the draw for the 2023 Under-20 World Cup with the hosts Argentina kicking off the tournament against Uzbekistan on May 20. The ceremony was held at the FIFA headquarters in Zurich, Switzerland and FIFA confirmed the match schedule and …

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2023 Africa Wealth Report

It reveals ‘Big 5’ account for 56% of the continent’s millionaires Kampala, Uganda | AGENCIES | The total investable wealth currently held on the African continent amounts to USD 2.4 trillion and its millionaire population is expected to rise by 42% over the next 10 years, according to the latest 2023 …

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General Assembly approves UN regular budget for 2023

United Nations, USA | Xinhua | The General Assembly on Friday approved an annual regular budget for the United Nations of about 3.396 billion U.S. dollars. The 2023 budget is higher than that of 2022, which stood at 3.122 billion dollars. The regular budget covers UN activities across a range of areas, …

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Gov’t sets electricity tariffs for 2023

Kampala, Uganda | THE INDEPENDENT | The government has set electricity tariffs for the first quarter of 2023 beginning January to March. The new tariffs announced by the Chairperson of the Electricity Regulatory Authority-ERA, Dr, Sarah Kanaabi Wasagali, show that domestic users shall pay 250 Shillings for the first 15 units …

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Uganda’s public debt to increase to 53 percent in 2023

Kampala, Uganda | THE INDEPENDENT | Uganda’s Public debt is set to increase from the current 48.4 percent to 53.1 percent in the financial year 2023, according to the estimated budget for the financial year 2023/24 released by the Ministry of Finance. For a debt to be sustainable, particularly for developing …

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Kiira Motors plant ready to roll out vehicles in 2023

Kampala, Uganda | THE INDEPENDENT | The Minister of Science, Technology and Innovation Dr Monica Musenero last week announced that starting June 2023, Kiira Motors buses will be manufactured at the Jinja-based vehicle manufacturing plant. Musenero, who visited the plant to inspect the progress of the project at Jinja industrial and …

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