New York, United States | AFP | The photo op with Santa Claus has long been a holiday mainstay for American children. But this year, shopping malls in several states are scheduling glamour shots for man’s best friend. As the Christmas shopping season kicks into high gear on Black Friday, the …
Read More »
Paris, France | AFP | Guinea on Thursday won pledges in aid worth $20 billion to fund a five-year development plan at a meeting in Paris with banks, private players and governments. The mineral-rich West African nation is slowly emerging from the Ebola crisis and low commodity price shocks that adversely …
Read More »
Luanda, Angola | AFP | Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement. Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism …
Read More »
Deloitte, an international Audit firm operating in Uganda is working on a plan with the Ministry of Trade Industry and Cooperatives to aid small and medium enterprises (SMEs) grow their enterprises and boost economic growth. Its Managing Partner in Uganda, Norbert Kagoro, spoke to The Independent’s Julius Businge about their …
Read More »
Paris, France | AFP | Healthier lifestyles and higher incomes have helped increase life expectancy in the 35 OECD nations by 10 years in the past half century, according to a report published Friday. The OECD’s ‘Health at a Glance 2017’ report said the average life expectancy throughout the group …
Read More »
Changes to how wealth is generated and distributed require new social contract for a digital age COMMENT| Manuel Muñiz | Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analysed collectively, the data reveal a troubling truth: without changes to how wealth is …
Read More »
Washington, United States | AFP | World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday. David Malpass, Treasury’s under secretary for International Affairs, cited China as a prime example of the …
Read More »
Abuja, Nigeria | AFP | Nigerian President Muhammadu Buhari on Tuesday presented a record 8.6 trillion naira ($24 billion, 20.8 billion euros) budget to the National Assembly to support the country’s economic recovery. Buhari, addressing a joint session of lawmakers in Abuja, said the spending was a 16 percent increase over …
Read More »
But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …
Read More »
Libreville, Gabon | AFP | Six countries in central and western Africa have breathed life into long-running plans to allow visa-free movement of people among their nations. At a summit in the Chadian capital of N’Djamena, the countries formally declared late Tuesday that the scheme had now been ratified by all …
Read More »
The Independent Uganda: You get the Truth we Pay the Price