Tag Archives: income

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank has recorded a fourfold increase in income, reaching Shs 1.2 trillion for the fiscal year ending June 30, 2024. This significant growth, as detailed in the Bank of Uganda’s Annual Report for FY 2023/24, marks a substantial rise from the Shs 277.8 …

Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank (Afreximbank) and its subsidiaries have reported a 31.73% increase in income to US$393.4 million for the quarter ending March 31, 2024, driven by significant growth in loans and advances. The Group’s interest income surged by 40.07% to US$721.8 million, as the net …

Kampala, Uganda | ISAAC KHISA | State-owned Uganda Electricity Generation Company has maintained a growth trajectory in its annual performance with the latest financial results indicating a 24 per cent growth in income to Shs 210.9billion for the year ended June.30. The company attributes increase in income to a surge in …

COMMENT | Alfred Geresom Musamali | It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement …

Washington, USA | Xinhua | U.S. household wealth declined for the first time in two years in the first quarter this year, edging down to 149.3 trillion U.S. dollars, Reuters reported. The U.S. Federal Reserve on Thursday released figures on the financial health of U.S. households in a report for …

Kampala, Uganda | THE INDEPENDENT | The Office of the Inspector General of Government-IGG has said it lacks enough funds to verify all declarations of income, assets and liabilities made by persons in leadership positions and public offices. The amended Leadership Code Act, 2021 makes it compulsory for all public officers …

Kampala, Uganda | XINHUA | The immediate introduction of a temporary basic income for the world’s poorest people could slow the current surge in COVID-19 cases by enabling nearly 3 billion people to stay at home, according to a United Nations Development Programme (UNDP) report released Thursday. The report, Temporary …

Paris, France | AFP | People living in the most deprived areas of Britain are more than four times likelier to test positive for COVID-19 than those living in the richest neighbourhoods, new research showed Saturday. A University of Oxford study looked at more than 3,600 COVID-19 test results from national programmes and found that …

  The breakdown of welfare state income distribution systems has created 8 giants to be battled COMMENT |  Guy Standing | Project Syndicate|  In 1942, William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognised that the old social protection system had …

Los Angeles, United States | AFP | Even the richest black boys raised in the United States earn less in adulthood than white boys from similar backgrounds, according to a wide-ranging study published Monday. While white men who grew up wealthy tend to stay that way, black boys raised in …