Tag Archives: finance

Museveni’s latest politicking joke or a realistic national target? When President Yoweri Museveni takes the oath of president for the sixth time on May 12 at Kololo Ceremonial Grounds in Kampala, it appears he will have one goal clearly on his mind: delivering Uganda to the middle income bracket by …

President Yoweri Kaguta Museveni has asked the Ministry of Finance to take new measures to help Uganda’s dairy industry compete favorably on the world stage. He was responding to pleas for government support to the industry when Kiruhura district dairy farmers visited his country home in Rwakitura on Saturday. He …

Why the competition for power is always a quarrel over delusions rather than a contest over public policy I argued in this column last week that governments in poor countries cannot govern by delivering a large basket of public goods and services associated with a modern state because they don’t …

Cover story: Museveni gets Shs70bn telecom monitoring gadget An investigation by The Independent reveals that State House is closing in on a procurement of high-tech gadgets meant to forestall fraud among telecoms, which is costing government colossal sums in tax revenue. Last Word: Fight over misguided objectives Andrew Mwenda carries …

The International Monetary Fund (IMF) has hailed Uganda on infrastructure development as well as efforts to contain inflation amidst challenges of high exchange rates and fluctuating  prices. In its latest report “Recent development’s and prospects, Uganda’s Economic Buffers”, the IMF says Uganda is relatively high on growth, low on inflation,  …

Why leaders of poor countries are not as cruel and selfish as Western media portray them In a moment of madness, I toyed with the idea of running for president of Uganda. I had the hubris to imagine I am the guy who can solve its myriad problems because President …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

Uganda has been classified as one of those countries with a low saving culture. However, a new study on Mobile Money and Individual Savings in Uganda carries some optimism. In Musa Mayanja Lwanga and Annet Adong’s paper; “A Pathway to Financial Inclusion”, mobile money could affect people’s attitudes towards saving. …

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

By The Independent team The Uganda Development Bank Ltd (UDB) recently unveiled its new corporate identity. CEO Patricia Ojangole talked to The Independent about the milestone, their operations, as well as other pertinent issues in the banking industry. What were the reasons behind UDB’s rebranding? Corporate rebranding was one of …