COMMENT | Ronald Kato | When US secretary of state Mike Pompeo began his Africa trip in mid-February, it was clear that countering China’s influence on the continent was top of his agenda. Yet from Senegal to Angola, he had restrained himself from the hard-hitting attacks on China that have come …
Read More »The approaching debt wave
The World Bank has just warned that a fourth debt wave could dwarf previous ones and hit emerging economies hard COMMENT | KAUSHIK BASU | Over the last decade, the world economy has experienced a steady build-up of debt, now amounting to 230% of global GDP. The last three waves …
Read More »Delays in Uganda’s oil
Here are the likely impacts of delays in making the Final Investment Decision after seven postponements | CORTI PAUL LAKUMA | Yet again the final investment decision (FID) on oil production in Uganda was delayed in August 2019. The delay meant that the date for first oil had to be …
Read More »COMMENT: China will defeat Coronavirus with international support
COMMENT | Ronald Kato | When I first traveled to China in February of 2017, two things happened. Firstly, I was the first passenger to get off the Emirates flight from Dubai to Beijing. When we touched down at Beijing Capital airport, cabin crew announced that a passenger from Uganda …
Read More »Reform of accountancy market
The government’s intervention is critical for the emergence of accounting bodies to champion local consumer interests COMMENT | PATRICK OMONY | The recent Economic Summit organised by NTV saw the Minister of Finance make a desperate plea for ideas that can spur the economy to enable him increase his revenue …
Read More »Truth about Trump economy
Trump may be a good president for the top 1% but he has not been good for everyone else COMMENT | JOSEPH E. STIGLITZ | As the world’s business elites trekked to Davos for their annual gathering, people should have been asking a simple question: Have they overcome their infatuation …
Read More »Ugandans should not surrender their future to fate
OPINION | Ofwono Opondo | Today marks thirty-four years since the resilient and glorious National Resistance Movement/Army (NRM/A) under the leadership of Yoweri Kaguta Museveni captured Kampala. The battle for Kampala, marked the defeat and retreat of UPC and UNLA remnants, which also ended the reign of terror, uncertainty, and …
Read More »Museveni opens a Pandora’s box
How the president’s intervention to halt the procurement of Kampala-Jinja expressway is a disaster THE LAST WORD | Andrew M. Mwenda | Last week, I had a meeting in Mukono, a town only 20km east of Kampala. The meeting was scheduled for 2pm. Knowing the heavy traffic on Jinja …
Read More »Corruption and poverty
THE LAST WORD: Why our obsession with corruption as a cause of our poverty is too much ado over little or nothing THE LAST WORD | Andrew M. Mwenda | Cognitive scientists argue that human beings are [inherently] cognitive misers i.e. we prefer to do as little thinking as possible. …
Read More »Ugandans capital ownership still in control of Western colonialists
DR EZRA SURUMA: No Ugandan can open a bank now COMMENT | Dr. Ezra Suruma | One of the most blatant aims of new colonialism (neocolonialism) is to ensure that Africans are denied access and control of capital. The evidence is overwhelming. It started in 1987 when the World Bank …
Read More »