Russia develops First Covid-19 vaccine

With  more than 20 million cases of covid-19 recorded worldwide and at least 736,000 deaths, according to  John Hopkins University data, and a daily resurgence in the number of cases across the world there has been a much needed desire for a vaccine to reduce on these unwanted statistics. On Tuesday, Russia officially registered the first coronavirus vaccine developed by the Moscow-based Gamaleya Institute, President Vladimir Putin said on Russian state Tv. Speaking in a live teleconference with his cabinet ministers, Putin said the vaccine had gone through all the…

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Bank of Uganda maintain CBR at 7 percent

The Central Bank Rate (CBR) has been maintained at the 7% rate by the Bank of Uganda after two consecutive months of monetary policy easing inform reduction policy rate, but also warned that inflation could rise further and peak at 6.1 percent in the first quarter of 2021. In the Monterey Policy Statement for August, the Governor Bank of Uganda, Professor Emmanuel Tumusiime Mutebile said the Monetary Policy Committee (MPC) is cognizant that its primary mandate is to achieve the medium-term target of (Consumer Price Index (CPI) inflation of 5 percent. Professor…

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