Economic lockdowns imposed due to the coronavirus pandemic may spark record cuts in global energy demand and carbon dioxide emissions, according to a new report by the International Energy Agency. The Paris-based IEA said in a report released Thursday that world energy demand could drop by 6% this year because of stay-at-home orders and other […]
The coronavirus is sending the U.S. economy into the biggest and fastest collapse since the Great Depression, with economic output reported shrinking at an alarming rate Wednesday and the number of Americans thrown out of work estimated at nearly 30 million. Scientists, meanwhile, announced that an experimental drug has proved effective against the virus that […]
WASHINGTON – Global stocks rallied on Monday, showing investors optimism about the gradual reopening of the global economy. But the oil market suffered further losses. Major U.S. market indexes ended in positive territory when trading closed. The Dow Jones Industrial Average was up 1.5%, or almost 359 points, to end at 24,133.78. The S&P 500 […]
ADDIS ABABA – As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread. The restrictions may contain the virus, but will likely have a deep impact on the continent’s economies. With several African governme…
Solve IT 2020, a nationwide innovation competition to encourage young Ethiopians to address community issues through the application of software, hardware and other technologies, launched on March 11, 2020. The third in a series of competitions, Solve …
President Yoweri Museveni who is also the Commander in Chief of Uganda’s Armed Forces has passed out 110 UPDF Commandos who completed 16 months of specialized training.The 4th intake of Special Forces Command Tier 1 also known as Special Forces Qualifi…
As more and more countries make a concerted effort to adopt more clean and sustainable sources of energy, hydropower remains a critical ally not only to provide electricity access to millions of people but to aid in global efforts to mitigate the eff…
What is the report about?This is the World Bank’s second report examining the state of the job market in Uganda and how the country can increase the demand for labor or create jobs for a fast-growing labor force. The report outlines ten facts about th…
KAMPALA, Uganda’s economy needs to gradually create more jobs for its fast-growing and youth population. To accelerate economic growth and drive transformation, these jobs will need to bring higher labor productivity, says a new World Bank report launc…
President Yoweri Museveni has expressed sympathy to the citizens of Uganda and Rwanda that have been affected by the closure of the Katuna border and called for patience, saying a lasting solution is being sought to solve the problem. He expressed opti…
President Yoweri Kaguta Museveni and Omukama Oyo Nyimba Kabamba Iguru of Tooro Kingdom will co-host the first ever World Monarchs’ Summit that is slated to take place in Tooro Kingdom in September this year.The summit is expected to bring together the …
A Delegation from the World Bank is in West Nile region in Uganda to meet with leaders and residents in Yumbe district at Bidi-bidi Refugee Camp to discuss the preparedness of the communities and implementers on the upcoming projects to be supported by…
Former Kenyan President Daniel Toroitich Arap Moi was a patriot, loved the East African Community and was a conciliatory figure, President Museveni has said.The three qualities are what President Museveni pointed out about Moi, at a state funeral at Ny…