Tag Archives: economy

Special Report on the future of poverty in Uganda Ugandans often jokingly say people from western Uganda “are eating” to mean that they are economically prospering. It is also often a jibe at westerners because they are the “ruling clan” since President Yoweri Museveni hails from western Uganda. So when …

  New Delhi, India | AFP | Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi’s moves to crack down on huge piles of black money. Finance Minister Arun Jaitley said the four-month scheme that closed …

VIDEO: Ever wondered why the education standards in Mityana district have gone to the dogs? Our team embarked on a journey to Mityana to find what the problem could be and in what might be a surprise to many… the teachers in district have resorted to riding boda bodas instead of attending …

Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …

Chicago, United States | AFP | The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund’s managing director, said the current global recovery was …

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …

Andrew Rugasira`s name is synonymous with the Good African Coffee brand and for being the first indigenous Ugandan to add value to the country’s coffee and have it available on the European supermarket shelves. He has talked and smelled nothing but coffee in the last two decades. But on Sept. …

Riyadh, Saudi Arabia | AFP |  Saudi Arabia’s King Salman on Monday cut cabinet ministers’ salaries by 20 percent and reduced other state officials’ benefits in a continuing austerity drive to cope with lower oil revenues. The 160 members of the Shura Council, who include 30 women, will see a …

Unlike most past World Bank country managers for Uganda, the current boss, Christina Malmberg Calvo, is relatively media wary. She, instead, prefers to work quietly behind the scenes to execute her two key result areas; leading discussions between the Bank and the Uganda government, and overseeing projects involving the World …

There were ripples in the financial services sector recently when reports emerged that Crane Bank is in negotiations with a buyer. This is the second biggest indigenous bank and the country’s fourth largest bank by assets. ‘It’s owner and founder, Sudhir Ruparelia, is arguably the region’s richest man. Why would …