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Kenya moves up two places to rank 8th in 2022 Absa AFMI
October 14, 2022
Lawrence Baraza
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Kenya moves up two places to rank 8th in 2022 Absa AFMI

Kenya moved up two places to rank eighth in the year 2022 in Absa Africa Financial Markets Index (AFMI). This was anchored on better environment, social and governance market frameworks as well as improving market transparency, tax, and regulatory environments in capital markets. It had previously held

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Absa Africa Fianncial Markets IndexNairobiUganda
Commodities World
Uganda goes into another lockdown as COVID-19 cases surge
May 12, 2022
Lawrence Baraza
0

Uganda rules out fuel subsidy as pump price jumps 19%

Uganda won’t introduce fuel subsidies, said interim director at Finance Ministry Moses Kaggwa, even after pump prices spiked following supply disruptions. The disruption has been caused by Russia’s invasion of Ukraine. Subsidies and fuel tax rebates would cost the government much-needed revenue and increase the need to

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Moses KaggwaUgandaYoweri Museveni
Economy
Kenya’s fuel prices more favourable than Tanzania, Uganda and Rwanda; here’s how
May 4, 2022
Lawrence Baraza
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Kenya’s fuel prices more favourable than Tanzania, Uganda and Rwanda; here’s how

Fuel prices have hit new highs in Tanzania as tensions in eastern Europe continue to impact the global oil market. According to the latest cap prices for May for petroleum products, announced late Tuesday by the Energy and Water Utilities Regulatory Authority (EWURA), petrol prices in

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Fuel Prices In EACKenyaRwandaTanzaniaUganda
Economy World
IMF approves Ksh.255 billion loan for Kenya
March 18, 2022
CGTN
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IMF approves Ksh.14.5 billion loan to Uganda

The International Monetary Fund is giving  Uganda an additional Ksh.14.5 billion as part of an Extended Credit Facility Arrangement. In June last year, the IMF board approved a Ksh.114.3 billion arrangement for Uganda, to help the country overcome the effects of the COVID-19 pandemic. Under the Extended

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IMFUganda
Economy World
Uganda’s PMI rises to 54.9 in January: report
February 7, 2022
CGTN
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Uganda’s PMI rises to 54.9 in January: report

Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank Uganda attributed

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Uganda
Politics World
Rwanda to reopen border with Uganda after 3 years
January 28, 2022
CGTN
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Rwanda reopens border with Uganda after 3 years

Rwandan authorities said early Friday they would reopen the border with Uganda, ending nearly three years of a standoff that appeared to hurt both countries’ economies and raised fears of armed hostilities. The announcement came after a period of quiet diplomacy during which Ugandan President Yoweri

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Paul KagameRwandaUgandaYoweri Museveni
World
Over 600,000 teenage girls gave birth during COVID lockdown in Uganda
January 24, 2022
CGTN
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Over 600,000 teenage girls gave birth during COVID lockdown in Uganda

More than 650,000 Ugandan girls gave birth during the time schools were closed due to the COVID-19 pandemic. According to a report produced by UN Population Fund Research, during the 2021 lockdown, more than 32,000 teenage pregnancies were registered on average per month in Uganda. The

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Teenage PregnancyUgandaYoweri Museveni
Health
Uganda registers first seven cases of Omicron variant
December 7, 2021
CGTN
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Uganda registers first seven cases of Omicron variant

Uganda has its first seven cases of the omicron variant of the coronavirus, a health official confirmed Tuesday. The director of clinical services, Charles Olaro, said the variant was detected in travelers from South Africa and Nigeria who arrived in Uganda on November 29. “We have already

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Coronavirus PandemicOmicron variantUgandaYoweri Museveni
Agriculture
Kenya, Uganda fishing acrimony escalates
November 2, 2021
Lawrence Baraza
0

Kenya, Uganda fishing acrimony escalates

The fishing acrimony between Kenya and Uganda escalated Monday when traders from the Kenyan side claimed that they were stuck with at least 300 tonnes of fish destined for export at the Ugandan Border. This comes just two months after  Uganda’s High Commissioner to Kenya, Amb Dr Hassan Wasswa

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KenyaUgandaUhuru KenyattaYoweri Museveni
Economy
27 Ugandans detained in China
October 14, 2021
mtvadmin
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27 Ugandans detained in China

Some 27 Ugandans are stuck in detention facilities in China after they were arrested for illegal stay in the Asian country following the expiry of their visas. Sources close to Uganda’s embassy in Beijing, China, who spoke on condition of anonymity, said those detained include students, who completed their studies

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