Tag Archives: economy

Mogadishu, Somalia | AFP |Last month, a baby was born in the Somali capital Mogadishu with a terrible eye defect that requires treatment abroad. The infant was cleared for treatment in Turkey but before the paperwork was complete a container ship, believed to be the Panama-flagged MSC Alice, docked outside …

Paris, France | AFP |  Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …

   BUDGET: The EAC countries are looking at reducing the cost of doing business Kampala, Uganda | ISAAC KHISA |  Governments in the East African Community seem to be determined to ease the cost of doing business in the region as they allocate massive budgets to infrastructural developments in the new financial …

How money is an important a political resource that allows Museveni to manage power The Last Word | ANDREW MWENDA|   Last week, the government presented the national 2017/18 budget totalling Shs24 trillion in spending. For many commentators on the Ugandan traditional and social media scene, the budget is as an economic …

Cairo, Egypt | AFP |  Guards check drivers’ papers to keep out uninvited guests from gated compounds where Egypt’s rich can escape the chaos of Cairo’s streets in a country with a widening wealth gap. Built in the deserts around Cairo, some compounds offer amenities such as indoor and outdoor …

Debate about effective budget implementation has continued since June 08 when Finance Minister Matia Kasaija read the budget speech at Kampala Serena Conference Centre. Kasaija, who presented his budget for the third time, hinted on corruption and laziness amongst civil servants as one of the main obstacles that would interfere with …

Merkel’s G20-Africa meet aims to reduce poverty, migrant influx Berlin, Germany | AFP | German Chancellor Angela Merkel will on Monday meet African leaders in Berlin on initiatives aiming to reduce the poverty and conflict driving a mass migrant influx to Europe. The idea is to team up African nations …

President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …

Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …

The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …