WORLD

Museveni inaugurates Uganda’s first Islamic banking institution
WORLD

Museveni inaugurates Uganda’s first Islamic banking institution

29-March-2024 President Museveni has officially launched Salaam Bank, Uganda's first licensed Islamic banking institution. Islamic banking follows principles based on Islamic law, which prohibit the payment and receipt of interest. Instead, it operates on profit-sharing arrangements and investment tools that comply with Sharia principles. The President inaugurated the bank during the Ramathan dua prayers held at Kololo Ceremonial Grounds, organized by the Office of the National Chairman-NRM. Addressing the attendees, Museveni extended his wishes for a fruitful Ramathan and offered prayers for the protection of Muslims. He also emphasized the importance of engaging in income-generating activities to improve livelihoods. "In my hometown of Ntungamo, laziness is not tolera...
UN report says households waste 1 billion meals daily
WORLD

UN report says households waste 1 billion meals daily

27-March-2024- News Agencies UN report says households waste 1 billion meals daily The UN described the the levels of food waste a ‘global tragedy’ when more than 780 million people were going hungry. Households worldwide threw away one billion meals every day in 2022, according to a new study by the United Nations. In the Food Waste Index Report published on Wednesday, the UN said households and businesses binned more than one trillion dollars’ worth of food at a time when more than 780 million people were going hungry The index tracks the progress of countries attempting to halve food waste by 2030. It said that more than one billion tonnes of food – almost one-fifth of all the produce available on the market – was wasted in 2022, most of it by households. ...
The Future of IGAD Amidst Turmoil in the Horn
WORLD

The Future of IGAD Amidst Turmoil in the Horn

26- March-2024 The Future of IGAD Amidst Turmoil in the Horn Roiling war in Sudan, looming famine in northern Ethiopia, protracted insurgencies in Amhara and Oromia, and a badly stalled offensive against Al-Shabaab in Somalia paint a bleak picture for the Horn of Africa in 2024. The scale of these crises can appear intractable, as the region is facing its worst moment since the early 1990s. The engagement needed to respond to these crises, particularly from multilateral institutions, seems paralysed. The African Union (AU) is seen to have largely abandoned its founding principles, which established the 'primacy of politics' and once powerfully promoted peace, democracy, and respect for human rights. Meanwhile, the Horn's pre-eminent regional bloc, the...
What’s next for Senegal under likely President Bassirou Diomaye Faye?
WORLD

What’s next for Senegal under likely President Bassirou Diomaye Faye?

26- March-2024-AFP Bassirou Diomaye Faye, a previously little-known tax inspector freed from jail two weeks ago, looks likely to become Senegal’s next president after a vote that observers say is proof of the country’s democratic resilience. While the electoral commission is expected to announce final results in the coming days, early tallies showed Faye winning an outright majority in Sunday’s election. His main rival, ruling party candidate Amadou Ba, conceded defeat late on Monday. And outgoing President Macky Sall congratulated the 44-year-old on the results. “This is the victory of Senegalese democracy,” Sall said Senegal has a history of peaceful transitions of power since its independence in the 1960s, Hawa Ba, associate director of the Open Society Foundation, said on...
Not enough’: Why the US did not veto a Gaza ceasefire resolution at the UN
WORLD

Not enough’: Why the US did not veto a Gaza ceasefire resolution at the UN

March 23, 2024- Aljazeera Leaders worldwide have welcomed a UN resolution calling for a ceasefire in Gaza, while the UN chief Guterres says it must be implemented. The UN Security Council for the first time passes a resolution demanding an immediate ceasefire in Gaza. Fourteen countries voted in favour of the resolution; the US, Israel’s main ally, abstained. A report by the UN rapporteur on Palestine says there are “reasonable grounds” to believe the threshold has been met for genocidal acts by Israel in Gaza. Israeli air attacks kill at least 22 Palestinians in central Gaza’s Deir el-Balah region and 30 in Rafah in the south. At least 32,333 Palestinians have been killed and 74,694 wounded in Israeli attacks on Gaza since October 7. The revised d...
Midowga Yurub waxa uu baaritaanka ku bilaabay shirkadaha ay ka mid yihiin Facebook iyo Google
WORLD

Midowga Yurub waxa uu baaritaanka ku bilaabay shirkadaha ay ka mid yihiin Facebook iyo Google

25-March-2024 Midowga Yurub ayaa ku dhawaaqay baaritaanno lagu sameynayo qaar ka mid ah shirkadaha ugu waaweyn ee teknoolojiyadda adduunka oo ku saabsan dhaqamada sinnaan la’aanta. Shirkadda Meta ee leh Facebook, Instagram, whatsapp iyo qaar kale, iyo shirkadaha kale ee Apple, iyo Alphabet oo leh Google, ayaa la eegayaa jebinta suurtagalka ah ee Xeerka Suuqyada Dijitalka ah (DMA) ee la soo bandhigay sannadkii 2022. Haddii lagu helo in ay jabiyeen sharciyada, shirkaduhu waxay wajihi karaan ganaaxyo waaweyn oo gaaraya ilaa 10% dakhligooda sanadlaha ah. Madaxa ka hortagga ee midowga Yurub Margrethe Vestager iyo madaxa warshadaha Thierry Breton ayaa ku dhawaaqay baaritaannada Isniintii (25-ka Maarso). Kaliya lix shirkadood ayaa ayaa hoos yimaada xeerka DMA, laakiin sidoo ka...
China, Russia and America competing in Africa
WORLD

China, Russia and America competing in Africa

24- March-2024 Wars threaten US interests in Africa, report says China and Russia could still be the biggest rivals of American interests especially in Africa, a public assessment of threats to Washington shows. The report compiled by the American intelligence community names the expected enemies: China, Russia, Iran and North Korea. But it also lists Houthis and the conflict in Gaza among threats to watch out. The 2024 Annual Threat Assessment report published last week is a summation of threats seen from January to date, which means it reflects the most recent incidents on global scale like the Israel-Hamas war, Russia-Ukraine war, Sudan war as well as trouble in the Red Sea. The US further identified Africa’s vulnerability to terrorism as a threat to its own interest...
Islamic Banking: BoU issues first licence to Salaam Bank
BUSINESS, WORLD

Islamic Banking: BoU issues first licence to Salaam Bank

23- March-2024 Bank of Uganda (BoU) has authorized Salaam Bank to start offering Islamic Banking services in Uganda. Mr. Michael Atingi-Ego, the Deputy Governor, Bank of Uganda on Friday handed over the first operational certificate to the administrator of Salaam Bank, launching Islamic Banking in the country. Speaking at the ceremony, Atingi-Ego noted that Islamic banking has the potential to make a significant contribution to the development of Uganda’s economy. “The Bank of Uganda is committed to providing oversight and support to Salaam Bank Limited as it embarks on this new journey. Islamic banking has the potential to make a significant contribution to the development of Uganda’s financial sector,” Atingi-Ego said. He says within the next 12 months, the bank w...
Captured Somali pirates arrive in India to face trial over ship hijacking
WORLD

Captured Somali pirates arrive in India to face trial over ship hijacking

23-March-2024 India has brought 35 captured Somali pirates to Mumbai to stand trial, days after its navy recaptured a hijacked bulk carrier and rescued several hostages. The destroyer INS Kolkata, which led the rescue operation, docked in India’s financial capital early on Saturday, a navy statement said Captured Somali pirates arrive in India to face trial over ship hijacking, The 35 men are to be prosecuted for the hijacking of cargo vessel MV Ruen in December when they took the crew hostage. The hijacking of the Maltese-flagged MV Ruen in December, east of Socotra in the northern Arabian Sea, was the first time since 2017 that any cargo vessel had been successfully boarded by Somali pirates. Indian naval commandos took control of the vessel on March 17, som...