Uganda Financial News

Bananas, a widely cultivated and consumed fruit globally, come in over 1,000 varieties, with the most common being the Cavendish banana, which makes up nearly half of the world's banana production. However, the future of the Cavendish banana is under threat, raising concerns among scientists. A fungal disease known as Panama disease Tropical Race 4 (TR4) was initially identified in Taiwan in 1990 and has since spread to over 20 banana-producing nations, including countries in Central and South America, as reported by the Food and Agriculture Organization of the United Nations. Once TR4 infects farmland, it becomes a formidable challenge to manage.

NDTV. The mosquito that was discovered to be infected was one of the many specimens gathered throughout a statewide campaign. Results were released on October 25.

North Korea is poised to close as many as a dozen embassies including in Spain, Hong Kong, and multiple countries in Africa, according to media reports and analysts, in a move that could see nearly 25 percent of Pyongyang's missions close worldwide. North Korea's recent closing of its diplomatic missions was a sign that the reclusive country is struggling to make money overseas because of international sanctions, South Korea's unification ministry said on Tuesday. On Monday, North Korean state media outlet KCNA said the country's ambassadors paid «farewell» visits to Angolan and Ugandan leaders last week, and local media in both African countries reported the shutdown of the North's embassies there. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. The embassy closings set the stage for what could be «one of the country's biggest foreign policy shakeups in decades», with implications for diplomatic engagement, humanitarian work in the isolated country, as well as the ability to generate illicit revenue, wrote Chad O'Carroll, founder of the North Korea-focused website NK Pro. More than a dozen missions may close, likely because of international sanctions, a trend of Pyongyang's disengaging globally and the probable weakening of the North Korean economy, he said in a report on Wednesday. Seoul's unification ministry, which handles inter-Korean affairs, said the pullout reflected the impact of international sanctions aimed at curbing funding for the North's nuclear and missile programs. «They appear to be withdrawing as their foreign currency earning business has stumbled

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

Launched a year ago in Europe, Sweat Economy builds on Sweatcoin, an app that pays people to walk in coins that can then be used to donate to charity and to get deals when buying goods and services from over 600 brand partners.Sweat Economy is powered by $SWEAT, or Sweat Token, a crypto asset representing tokenised physical activity, minted by steps. The token is managed via a non-custodial Web3 mobile wallet dApp.Accrued $SWEAT can be deposited into “Growth Jars” to be saved and multiplied, and unlock exclusive rewards within the ecosystem.

The Owino Market in Uganda's capital has long been a go-to enclave for rich and poor people alike looking for affordable but quality-made used clothes, underscoring perceptions that Western fashion is superior to what is made at home

Also Read: Google celebrates Uganda's Independence Day with a special Doodle At the young age of 17, Cartola was already creating samba compositions and performing at neighbourhood bars. It was during this time that he formed a deep and enduring musical partnership with Carlos Cachaça, a friend he had met in the Morro da Mangueira community.

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A decapitated banana plant is almost useless, an inconvenience to the farmer who must uproot it and lay its dismembered parts as mulch

Treasury yields surged this week, sparking a broader selloff in global bond markets as investors brace for higher interest rates for longer. Longer-dated US government yields reached levels last seen in the financial crisis, fueled in part by strong job-market data. That culminated with a report at the end of the week showing employment unexpectedly surged last month, bolstering the case for another Federal Reserve rate hike. Governments took advantage of cheap borrowing costs during the pandemic to safeguard their economies.

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

ICC confirming on Wednesday that Dallas, Florida and New York will host the 2024 T20 Men's World Cup matches. In November 2021, ICC had chosen the West Indies and the US as hosts. While the Windies are no longer contenders in world cricket — it failed to qualify for the 50-over World Cup starting in India next month — US ranks 22nd, sandwiched between Papua New Guinea and Uganda, in the ICC rankings.

Global Biofuel Alliance. In this editorial, we will dig into this agreement and find out how India benefits from this. Read on… Biofuels are fuels from biomass such as animals, plants and algae.

West Nile virus, including fatalities among residents. Here's an overview of the situation and the potential risks associated with this mosquito-borne illness.

JOHANNESBURG—Walmart’s investment in Africa tanked. It is responding by doubling down. More than a decade ago, Walmart spent $2.4 billion to buy a controlling stake in South African retailer Massmart, which also had operations in a dozen other sub-Saharan countries.

Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

agricultural organisation (FAO) that will result into producing a policy paper and a book. “We have ‘save the millets campaign’ since it’s the international millets year.

₿trust, a non-profit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition.

Bharti Airtel, exhorted the world to bet on Africa, calling it the last continent of hope, having a large young population but also one of the most backward parts of the world. “Just adopt Africa as a place to do agriculture and perhaps value-added agriculture. The entire world can change.

IOA) president PT Usha will take a step further as an administrator as she will be contesting the upcoming Commonwealth Games Federation elections for the post of vice-president.

According to FT's report, the surveillance system is installed on subsea cable landing stations, which allows India's security agencies to snoop on the personal data and communications of its 1.4 billion citizens. Israel-based Septier has reportedly sold its lawful interception technology to telecoms groups including Mukesh Ambani’s Reliance Jio, the Vodafone Idea, and Singapore’s Singtel. According to the promotional video of Septier, its technology extracts “voice, messaging services, web surfing and email correspondence" of targets.