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š· Pharm to table
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Good morning š¤ļø The Rolling Stones are releasing a new album next month, and their single "Angry", featuring Euphoriaās Sydney Sweeney, was unveiled this past week. The band members are all over 76 years old, which: 1) doesnāt bode well for millennials dreaming of early retirement; 2) shutters our hopes for a certain president to hang his bulletproof hat; and 3) should make for a great conversation piece at dinner with the parents this week. Tell them to look at what their mates are doing.
āGloria Mbabazi, Shem Opolot
Headlines
š· Pharm to table
This is one of those stories that reinforces the idea that Uganda simply isnāt a real place. Apparently, farmers use Anti-Retroviral Drugs (ARVs) to fatten pigs and chickens. So naturally, upon this revelation, the National Drug Authority (NDA) and National Medical Stores (NMS) came under scrutiny from lawmakers. However, upon probing, officials from the NDA and NMS shocked parliamentarians by admitting the phenomenon goes back as far as 2013, and they kept mum about the issue so as not to ācause alarm and panic to the economy.ā Despite this, pork sales show no sign of dropping.
ā Brewing scandal
The way the money was spent was questionable (ā¦). If such wasteful expenditure is not punished, government may soon ask for funds to teach Ugandans āhow to use condomsā.
Your parents are at it again, stealing our money. The Speaker of Parliament, Anita Among, ordered an independent investigation into the mind-boggling Shs. 9.6 billion coffee literacy scheme orchestrated by the Office of the Prime Minister (OPM) to ostensibly āteach Ugandans the fine art of coffee drinkingā. OPM, which was recently embroiled in the iron sheets scandal, handed over the contract to Inspire Africa (U) with promises of training youths in coffee production, erecting coffee shops, and building coffee empires. However, the Auditor General's report spilled the beans and revealed that the coffee shops were, in fact, ghost coffee shops.
š£ Terror alert
Security Agencies crashed a terrorist party after safely recovering and detonating six bombs and IEDs around Kampala. It is alleged that these incidents are terrorist attempts by the ADF to carry out retaliatory strikes against Kampala following military operations against them in the DRC. Subsequently, the president advised churches, bars, and other public places ānot to allow strangersā into their premises, and the U.S. Embassy issued a security alert, reminding U.S. citizens that the U.S. Department of Stateās Travel Advisory for Uganda currently stands at Level 3 (Reconsider travel) for terrorism.
š°šŖ Kenya
Kenya banned Worldcoin activities for a year over security, privacy, and tax issues. To resume operations, Worldcoin must get approval from the Capital Markets Authority and pay income tax on income from cryptocurrency.
š·š¼ Rwanda
A man suspected of being a serial killer targeting women was arrested in Rwanda after authorities found 12 bodies buried in a house he rented. He was apprehended after refusing to pay rent and attempting to fight off local authorities.
š¹šæ Tanzania
Tanzania parked the bus proficiently to secure a spot in the AFCON Finals next January, crushing Algeriaās perfect unbeaten record and Ugandaās dreams of securing a spot in the tournament in the process.
Other headlines
Uganda passport fraud causes nightmares in East Asia.
Buses allowed to use Katonga bridge.
Verification of World Bank funded USMID projects kicks off.
390 drivers arrested for speeding on the Expressway as 84 were killed in one week.
Kyabazinga unveils his wife, Jovia Mutesi.
Salaam becomes first bank to get an Islamic banking license in Uganda.
1000 acres of degraded land restored by 1MT Nation in Northern Uganda.
Uganda and South Africa discuss value addition at trade and investment summit.
Speaker Among adjourned the House because of 82 absent ministers.
E.U says it will not cut aid over anti-gay law.
Beyond Borders
šļø Africa
Source: AFP
No country should ever have to choose between development aspirations and climate action.
ā Harsh political weather. The first Africa Climate Summit in Nairobi had all the excitement of a picnic on a rainy dayāsparse progress and several dampened spirits.
Hereās what you need to know:
There was a call for a global carbon tax on fossil fuels, urgent restructuring of the way wealthier nations engage with Africa, and the need for more investment in the continent.
African leaders urged the biggest polluters donors (the US and the EU) to fulfill their promise of $100 billion annually in climate finance to developing nations.
The United Arab Emirates announced plans to invest $4.5 billion in Africa's clean energy potential.
The United States announced key investments, including $30 million to support initiatives under the President's Emergency Plan for Adaptation and Resilience (PREPARE) in Africa.
The Nairobi Declaration was issued, making a strong push for accelerated climate action and financing mechanisms, including debt restructuring and relief, and the development of a new Global Climate Finance Charter through the United Nations.
Overall, though the summit demonstrated Africa's active leadership in global climate action and aimed to transform the narrative around the continent from victim to assertive, wealthy partner, it was a summit with grand aspirations but about as much action as a slow-moving glacier.
š²š¦ Mourning in Morocco. A powerful 6.8 earthquake struck Morocco on Friday, killing more than 2,000 people and destroying buildings in the High Atlas Mountains and the historic city of Marrakech. The earthquake, which was the deadliest in Morocco since 1960, caused widespread damage to houses, mosques, and infrastructure and left many survivors homeless and devoid of food and water. The Moroccan government declared three days of national mourning and deployed rescue teams to provide aid to the affected areas.
Other headlines
Gabon junta frees deposed President Bongo.
Nigeria opposition to appeal verdict upholding Tinubu presidential win.
World Bank announces $340 million support for for refugees and other crises in Chad.
Burkina junta Chief says he's against French policies, not people.
George Weah launches campaign for second term.
KCB to inject $100m to shore up capital in Kenyan unit after DRC buyout.
EA economies hit by fresh round of fuel price hikes as global crude supply shrinks.
Power cuts in Sierra Leone as Turkey operator cuts supply over unpaid debt.
EACRF troop mandate extended in DRC.
Taiwanās President Tsai visited Eswatini, its last ally in Africa.
šŗļø The rest of the world
Source: Nikkei Asia
š®š³ The G20 G21 Summit. The G20 Summit concluded in New Delhi, India, on Sunday, with diplomacy winning over hard stances. Hereās what you need to know:
Tripling renewable energy capacity: a new Global Biofuels Alliance (GBA) as part of a green energy push, while leaders reiterated a bid to triple renewable energy capacity by 2030.
Inclusion of the African Union: The African Union was granted permanent membership in the Group of 20 largest economies.
Softer language on the Ukraine war: Plenty of platitudes about the plight of the people of Ukraine, but no hard penalties for Russia.
Overhauling institutions like the World Bank: The G20 leaders agreed on measures to expand lending by multilateral institutions like the World Bank
Climate and energy: The summit addressed important issues such as food security, climate, and energy under the theme of "One Earth, One Family, One Future."
Transport and trade: A new network of railway and sea routes linking India, Middle Eastern countries and Europe, backed by the U.S.
Although the Summit was considered a success by many, the omission of specific reference to Russia's aggression in Ukraine in the G20 summit declaration sparked criticism and controversy. Going forward, the Summit will continue to wrestle for relevance as new blocs like BRICS begin to flex and notable leaders, like Chinaās Xi Jinping, shirk attendance.
š¶ Weight loss; financial gain. Instagram baddies sell flat tummy tea by the boatload, so imagine how much a drug that actually works would go for. Well, Novo Nordisk, the Danish drug company that makes weight-loss drugs Ozempic and Wegovy, recently became Europe's most valuable company, surpassing LVMH with a value of $428 billion. Novo Nordisk introduced Wegovy into the UK market (at a lower price point than in the US), resulting in a rise in their share prices and, subsequently, a boost in Denmark's economic growth forecast for the year.
š No more Apple a day. You know that saying about two warring elephants and the grass beneath them? Replace the elephants with the US and China, and the āgrassā with Apple, Inc. Apple stock fell by almost $200 billion in two days after a Chinese ban on iPhone use by government officials spooked investors who are worried about Appleās immunity to China-US tensions. China reportedly plans to expand the ban to state-owned companies, which could include millions of people. And it gets worse (for Apple): Huawei launched a new smartphone with advanced capabilities that the U.S. has attempted to restrict. The Mate 60 Pro is flying off the shelves in a country (China) that Apple depends on for nearly 20% of its sales.
Nnāebigenderako
Politics and Government
Putin and Kim Jong Un to meet over weapons.
Mexican Supreme Court strikes down federal law criminalizing abortion.
Business and Finance
Mercedes and BMW try to compete with Tesla.
Chip designer Arm files for the most anticipated IPO of the year.
Science and Technology
Invasive species cost the global economy $423 billion per year.
Scientists grow a model of a human embryo without sperm or egg.
Sports
Coco Gauff and Djokovic won the US Open.
Germany won the FIBA World Cup.
Lifestyle and Entertainment
Jimmy Buffet, the legendary singer-songwriter, died.
Diddy returns music rights to artists from Bad Boy Records.
Procrastination corner
Games and Puzzles
From Braingle.
Which Disney movie below is the misfit?
Hercules
The Lion King
Beauty and the Beast
The Jungle Book
The Aristocats
Pocahontas
Peter Pan
The Little Mermaid
Bambi
Answer at the bottom.
Our picks
šØ Bookmark this: The 50 best hotels in the Caribbean
š«±š¾ How humans became mostly right-handed
š Look at this beach house
Games answer
Answer: Pocahontas
All the other movies have invented characters, whereas Pocahontas is based on a REAL American heroine.
Have a good week!
ā Too Long; Didnāt Read (TLDR)
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