Ugandan traders fear losses but Coca-Cola offers hope Kampala, Uganda | RONALD MUSOKE | A trader without a market now; that is Peter Musiige, the manager of a small plant that has been exporting recycled plastics to China. He lost his market when the Chinese government on Jan.01 started implementing a …
Read More »The power dams puzzle
How do we ensure that new dams do not add risk to power supplies down the line? Kampala, Uganda | DECLAN CONWAY | In the 1980s and 1990s parts of Africa saw a surge in dam building for energy production. After a brief hiatus, there has been renewed interest. Many new …
Read More »Launch of the Mutebile centre
Longest-serving central bank boss feted at inaugural lecture Kampala, Uganda | IAN KATUSIIME | The launch on Jan.11 of the Tumusiime Mutebile Centre of Excellence was the perfect moment to fete the long-serving governor of the central bank. At the helm since 2001, Mutebile is the longest serving governor the …
Read More »Man Utd retain top spot in Deloitte ‘Money League’
London, United Kingdom | AFP | Manchester United narrowly pipped Real Madrid to remain the top revenue-generating club in the world as Premier League sides underlined their growing financial clout, Deloitte’s “Money League” report said Tuesday. It is the 10th time United have topped Deloitte’s list, with a revenue in 2016/17 …
Read More »Banks rollout agent banking
The new banking model is expected to deepen financial inclusion Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks have started rolling out agent banking following Kenya and Rwanda’s footsteps in an effort to grow deposits and customer base. This follows the coming into force of the Financial Institutions Act …
Read More »‘I will fight for Ugandan coffee’
Kampala, Uganda | RONALD MUSOKE | Dr. Albrecht Conze is Germany’s new Ambassador to Uganda. He talked to The Independent’s Ronald Musoke about his first impressions and more. What have been some of your impressions of Uganda since you arrived in the country? I am amazed by the stability in …
Read More »Surprises in 2018 Uganda budget
Surprises in 2018 budget:mFinance Ministry makes right moves, but timing could be wrong Kampala, Uganda | JULIUS BUSINGE | For years now, Uganda’s budget making process has been dominated by debates about four contentious issues; the government’s huge investment in infrastructure, domestic resource mobilisation, the size and rate of external …
Read More »China’s waste import ban upends global recycling industry
Beijing, China | AFP | For years China was the world’s top destination for recyclable trash, but a ban on certain imports has left nations scrambling to find new dumping grounds for growing piles of garbage. The decision was announced in July and came into force on January 1, giving companies …
Read More »South Africa central bank chief to head IMF steering committee
Washington, United States | AFP | South Africa’s central bank chief Lesetja Kganyago will take over as chair of the International Monetary Fund’s policy advisory committee, the IMF announced Thursday. Kganyago, who has served as governor of the South African Reserve Bank since late 2014, takes on a three-year post …
Read More »Mixed reactions to Museveni’s New Year speech on economy
What experts think is important in regard to president’s message Kampala, Uganda | JULIUS BUSINGE | Gideon Badagawa, the executive director at the Private Sector Foundation Uganda (PSFU), says President Yoweri Museveni’s New Year speech with regard to value addition was well-intentioned. “The concentration of the speech on value addition …
Read More »