Kampala, Uganda | THE INDEPENDENT | Parliament is divided over a proposal to buy a house or have the family of Prof. Emmanuel Tumusiime-Mutebile, the late governor of Bank of Uganda (BoU), retain their residence in Kololo. The Bukooli Central MP, Solomon Silwany tabled the proposal on the floor of …
Read More »Mutebile, the passing of a giant
THE LAST WORD | ANDREW M MWENDA | At exactly 5.30am on Sunday morning January 23rd 2022, the governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, breathed his last in a Nairobi hospital. He had been battling illness for several years. While Mutebile’s body has died, his deeds will continue …
Read More »Rotarian Mutebile: The tough economist with a heart for humanity
Kampala, Uganda | THE INDEPENDENT | Emmanuel Tumusiime Mutebile will be remembered for encouraging people not to worry about the level of individual prominence they have achieved in life, but worry about the individuals around them that need to be helped to become better. In one of his statements as a Rotarian, …
Read More »Festive season blues
Mixed views on opportunities for traders Kampala, Uganda | THE INDEPENDENT | How will perennial festive season spenders behave amidst slow economic recovery that has not enhanced peoples’ disposable income? What are the chances that traders will make some money this time around given that COVID-19 lockdown measures are somewhat …
Read More »Terror attacks vs economic recovery
Economic recovery could be negatively impacted but that will depend on how the government handles the situation, experts say | THE INDEPENDENT | Uganda’s economic recovery could backtrack due to the current terror threats and compounded Covid-19 hit, but experts believe, the government can still manage the situation. The country …
Read More »2020/2021 was tough for economy
BoU Governor says loosening of COVID 19 restrictions, shrewd monetary policy decisions kept the economy ‘alive’ amidst major threats | THE INDEPENDENT | The financial year 2020/2021 was largely challenging due to the COVID-19 pandemic hit that negatively affected all sectors of the economy, according to the Bank of Uganda …
Read More »Uganda’s multi-pronged approach to revive economy
Outlook remains overcast by a mutating virus | THE INDEPENDENT | Uganda’s economy has been struggling for some time now since the outbreak of coronavirus but the government and the private sector are coming up with numerous options to reverse the trend. On Oct. 20, the government released Sh 5.8trillion …
Read More »SURVEY: Companies lower staffing levels for 4th month
But businesses remain optimistic about the future Kampala, Uganda | JULIUS BUSINGE | Business sentiments in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September …
Read More »Bumpy business terrain hurts multinationals
Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …
Read More »Uganda’s shadow state
Revealing the networks of people with power Kampala, Uganda | THE INDEPENDENT | In the April 30-07 issue of The Independent, Andrew Mwenda; in his column, wrote an article entitled “Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results.” In that article, …
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