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East Africa Development Bank marks 50 years

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Dr. Mbui Wagacha, Former Senior Economic Advisor to the Office of the President (left) and Mahesh Kotecha, EADB Advisory Council Member (right) have a chat during the East African Development Bank Conference held in Kampala, Uganda.

This year, East African Development Bank clocks half a century excelling in being the leading development finance institution for member states. It marks the 50th year when the bank first opened its door for business. With primary focus on interventions in food security, infrastructure, education, health, natural resources, environment and regional integration. Since its establishment in 1967, the bank has remitted financial and other support to its member states.

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In contrast to other development finance institutions, EADB has over the five decades successfully adapted to an industry in complete transformation, owing to the bank’s strategy of promoting sustainable socio-economic development in East Africa. In 1977, the bank suffered a scare of extinction after the collapse of East African Community due to operational and ideological differences between member states. The Bank was later reenacted by the signing of the Arusha Accord, which divided the assets of the former EAC and agreed that EADB should operate as a joint East African institution.

A celebration of 50th anniversary

Over the fifty years journey, EADB has made significant contribution to member states in areas of education, health, environmental and natural resources protection and trade

“All these success wouldn’t have been possible without the hospitality of our wonderful host country Uganda her people & her leadership. We also thank our shareholders who remained unwavering in their support to the EADB over the last 50 years even in cloudy and stormy weather “said Ms. Vivienne Yeda, Director General EADB, during the celebrations at Serena Kampala Hotel.

EADB’s next Strategic Plan (2020-2025) and a 50 Year Vision for Sustainable Development in Africa.
In order for EADB to impact the region and continue to support efforts by member states, towards realization of  next 50 years vision of prosperity for our people, we must Create the Future we Want, hence #Generation2068 macroeconomic symposium in Kampala. The EADB has assembled the greatest minds from Academia, Business, Donors and Government to envision the sustainable development required in Africa during the symposium in an event dubbed “Think Tank”.

“We know that the future generations will face different challenges that we do due to the diminishing resources in our planet. We have come along & have many opportunities to shape the destiny of future generations so that they would be better off in real terms than we are today. We must address our challenges and difficulties with resolve and wisdom “added Ms. Vivienne.

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Entertainment News

Liquid Silk sold off

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liquid silk

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Since Monday, rumors spread that Liquid Silk Naalya had been closed. A number of false reasons were peddled to explain the closure. But none was ever conclusive. A reason this website reached out to our sources at the Bugolobi based offices of the Liquid Silk franchise.

According to the workers there, Liquid Silk was indeed sold off. “Liquid Silk, together with their neighbors, Mogas Petrol station were sold off to a popular food chain franchise. The money exchanged is good, and was undeniably had to refuse for the owners of both premises.” Explained a source.

According to sources, the space of Liquid Silk Naalya was singled out as strategic for both a restaurant, but as well as a petrol station. “The spaces of both Liquid Silk Naalya and Mogas petrol station have both been procured, and in a short time, development will start,” explained a source.

It is said that both parties walked away smiling to the bank.

Staff Writer

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Celebrity Gossip

Kenneth Mugabi leaves revelers asking for more at the Johnnie Walker Unplugged show

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Kenneth Mugabi performs at the Johnnie Walker Unplugged show.

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By Our Reporter

Fans of Afro-soul music were on Saturday treated to an exciting evening with Kenneth Mugabi as he starred at the Johnnie Walker Unplugged show.

The multi-talented artiste dedicated the night to all the ladies in the house as he connected with his audience through his unique love songs.

The event which was hosted at Design Hub in Industrial Area in a studio-like setting attracted droves of soul music lovers who had the venue packed to its fullest as early as 7pm.

Mugabi performed songs off his upcoming album with the crowd’s favourite on the album being one that features in Luo. He also performed some of his popular songs like “Amaaso”, “Rita” and “Kibunomu”, which left the crowd yearning for more and shouting “tukademu”, meaning let’s do it again.

He crowned the night  with an electric performance of the crowds all-time favourite “Naki”, which got the fully packed house singing along to every line.

Revelers enjoying performances at the Johnnie Walker Unplugged show.

The show that ended at exactly 11:30pm is one of the many that will be taking place at Design Hub throughout the year. Next week’s show will be a tribute to Oliver Mtukudzi.

“Johnnie Walker is an icon of progress and this event is  about celebrating the incredible steps forward that these artistes we are showcasing on Unplugged have made,” said Roger Agamba International Premium Spirits Brand Manager, Uganda Breweries Limited.

Revelers were also challenged to sing an Oliver Mtukudzi song for which they got to win tickets to the next show which will serve as a tribute to the departed iconic Zimbabwean artiste.

The Johnnie Walker Unplugged show is an intimate boutique show delivering an unrivaled up-close experience of great Ugandan singers performing in a studio-style setting.

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Celebrity Gossip

I was raped by my uncle at 15 — Judith Heard reveals as she launches safe space for rape victims

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Judith Heard Abryanz Style & Fashion Awards

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By Our Reporter

Socialite Judith Heard has launched her organisation dubbed “Day One Global” aimed at offering a safe space to rape and sexual assault victims to share their stories. She unveiled the organisation on Social Media where she also revealed she is a rape victim. She says she was raped by her uncle at the age of 15, and later at 17 by two armed security officers.

Here’s what she posted:

Today I stand with you. Today I present to you a new beginning, a place to hold that conversation. Am your day one.” I was defiled by my uncle at the age of 15, on the night before my final school exams and later on, at 17 raped by two army officers at gun point. As a young girl growing with big ambitions and bigger dreams , I was tormented by nightmares of what had happened to me in my earlier years.

Fortunately I had a loving and caring grandmother who I felt I could share this deepest and darkest secret with. Little by little i became self-aware of the things that i would do if only I was more confident and if I recognized my worth. All I needed from day one was a safe space where I felt I could share my story. My now deceased Grandmother took the time to listen to me and she told me that everything would be okay.

If we have more people willing to listen and believe, that would make life much easier for everyone. We (My team) have come up with an organization @dayonegl that seeks to end rape and sexual assault, aiming to create awareness and provide rehabilitation to survivors.

We believe in a culture of honesty and therefore employ an open door where people can freely communicate with each other. I stand to be the change for everyone challenged and subjected by any form of sexual assault, Join us today to save tomorrow’s super heroes.

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