Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …
Read More »A bridge so far: China’s controversial megaproject
Hong Kong, China | AFP | Touted as an engineering wonder, the world’s longest sea bridge, which connects Hong Kong, Macau and mainland China, includes a snaking road crossing and an underwater tunnel and reportedly uses enough steel to build 60 Eiffel Towers. Nine years after construction began on the 55-kilometre …
Read More »Young blood: Is it magic or medicine?
Kampala, Uganda | DAVID IRVING | Ben Franklin famously wrote: “In this world, nothing can be said to be certain, except death and taxes”. What he didn’t mention, despite being 83 years old, was a third, almost inevitable eventuality: ageing. Depending on when in history and where on the planet you …
Read More »Region’s AEO initiative a game-changer
Businesses set to benefit from signed bilateral agreements Kampala, Uganda | JULIUS BUSINGE | Nearly a dacade ago, Betty Kiguli, the procurement coordinator at Nice House of Plastics, hardly made a saving while clearing goods with customs officials. But things have changed in the past four years since her company was …
Read More »Local content laws good but could be disastrous-new study
The study could thwart implementation of BUBU like initiatives Kampala, Uganda | ISAAC KHISA | Local firms that sell more of their products to government entities tend to perform better compared to their counterparts that do not, yet, passing laws that enforce local purchases could be disastrous. This is based on research …
Read More »Sh250 billion fund to lift youth out of poverty
Four years later, Youth Livelihood Programmeimplementers assess its impact Kampala, Uganda | HAGGAI MATSIKO | A business venture by a group of eleven youth in Katebe Village, Kamwenge district is thriving after they got a Shs 7.7 million interest free loan in 2015 from the Youth Livelihood Programme (YLP); a …
Read More »Zuma could face S.African court on graft charges in April: reports
Johannesburg, South Africa | AFP | Disgraced former South African president Jacob Zuma could appear in court within weeks on charges of corruption, fraud and money laundering in connection with a decades-old $5 billion arms deal, reports said Sunday. Quoting sources close to the case, news websites News24 and TimeLive …
Read More »Dirty secrets of Sh200 billion Crane Bank sale
Documents leak in Bagyenda, Mutebile fight Kampala, Uganda |HAGGAI MATSIKO | An unprecedented revolt which happened recently at Bank of Uganda against the Governor Tumusiime Mutebile, has led to a spilling of the central bank’s darkest secrets and could potentially damage its reputation and hurt the economy. At its centre …
Read More »War of words over DR Congo’s humanitarian crisis as children die
Kananga, DR Congo | AFP | A war of words has broken out between the United Nations and the DR Congo government which is shunning a donor conference in Geneva to raise $1.7 billion to tackle a humanitarian crisis that Kinshasa says has been vastly exaggerated by aid workers. Prime …
Read More »Trump’s choice of Bolton and Pompeo stirs war fears
Washington, United States | AFP | By tapping conservative firebrand John Bolton as his national security chief and hardliner Mike Pompeo as his top diplomat, US President Donald Trump has dramatically raised the stakes in world affairs. Now, if Trump decides to abandon the Iran nuclear deal he has an adviser …
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