What went right as the Inspection Panel at an institution that used to cause untold harm marks its 30th anniversary? Kampala, Uganda | Danny Bradlow | Development projects can have profound impacts on their societies. There are many benefits that flow from building new roads and power plants, and from modernising …
Read More »‘Stop funding Oil and gas projects’
Climate activists pile pressure on World Bank Kampala, Uganda | RONALD MUSOKE | This year’s Spring Meetings of the World Bank that took place at the institution’s headquarters in Washington, D.C. from April 10-16 were dominated by demands from shareholders to reform and tackle contemporary challenges. And top on the list …
Read More »Why African countries are short of US dollars
Kampala, Uganda | Christopher Adam | A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the U.S. currency to pay for foreign debts, essential goods and industrial …
Read More »Centenary Bank commits Shs185m sponsorship
Kampala, Uganda | THE INDEPENDENT l On April 13, Centenary Bank, joined hands with Rotary Club towards the continued support of the humanitarian initiatives. This was during a press launch held in Kampala where Rotary unveiled the official partners of the 98th Rotary District Conference. Beatrice Lugalambi the General Manager …
Read More »Institute of Accountants to hold first PFA meet
Kampala, Uganda | THE INDEPENDENT l The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the inaugural Public Finance Management (PFM) Conference from 18 – 20 April 2023 at the Imperial Resort Beach Hotel, Entebbe. The conference will be both physical and online. It targets accounting officers, policymakers, planners, …
Read More »What next for economy?
World Bank, BoU explain short-term, long term opportunities, challenges Kampala, Uganda | AGENCIES | The outlook for long term economic growth is positive but a lot of drag persists in the short term. Viewed that way, the latest World Bank outlook for Africa matches the sentiment of the latest outlook of …
Read More »Tax or not to tax Unit Trust Fund profits
Players warn that the move could discourage the growing savings culture Kampala, Uganda | JULIUS BUSINGE | Over the past few years, Uganda started experiencing a surge in the local population, especially youth interested in saving, growing their capital for future investments through the Unit Trust Funds. This is because Unit …
Read More »EAC armies pose new risks in DR Congo
Expert reports warn of weak links, mission creep Kampala, Uganda | IAN KATUSIIME | The Eastern African Community Regional Force (EACRF) deployed in eastern Democratic Republic of Congo seems to be the fastest growing movement in the region. But the presence of additional armed personnel in an area crawling with numerous …
Read More »OBITUARY: Keith Muhakanizi, ex-Secretary of the Treasury, dies
He has been praised as a brilliant economist and a hands on bureaucrat Kampala, Uganda | IAN KATUSIIME | Former Permanent Secretary of the Ministry of Finance and Secretary to the Treasury (PSST), Keith Muhakanizi died on April 13 in a hospital in Milan, Italy after a long illness. Muhakanizi has …
Read More »Vaccine against malaria in children gets approval
Nearly every minute, a child under five dies of malaria, according to the WHO Kampala, Uganda | THE INDEPENDENT | Ghana on April 13 became the first country to approve public usage of a new experimental vaccine for children to protect them from malaria. The R21/Matrix-M malaria vaccine is a low-dose …
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