Tag Archives: wealth

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …

Windhoek, Namibia | Xinhua | The Bank of Namibia, the central bank, said Thursday that it will conduct checks on politically connected people’s wealth and businesses to avoid conflicts of interest. The bank released Thursday the revised Determination on the Appointment, Duties, and Responsibilities of Directors, Principal Officers, and Executive …

Africa’s two wealthiest cities are in South Africa. Johannesburg is the wealthiest, with a total private wealth of US$239 billion, while Cape Town in second place has a total private wealth of US$131 billion Nairobi, Kenya | BIRD | Africa’s stock of private wealth is forecast to jump 38 per …

All retirement  benefits schemes are required to have an investment policy statement, also known as the Investment Strategy, which clearly stipulates how they intend to invest members’ savings. COMMENT | Lydia Mirembe |  “Advise people to learn how to grow their asset column and…accumulate their wealth rather than saving without investing.” …

Kampala, Uganda | THE INDEPENDENT | Economic justice activists are worried that the anticipated intentions of the Parish Development Model-PDM may not be fully realized if women are not allowed equal or even higher stakes in its implementation. The program is a new strategy designed to improve household incomes and lift …

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Government, Beti Kamya has announced that she will press ahead with conducting a lifestyle audit on government officials whose wealth does not match their known income. Kamya’s declaration comes four months after Presient Yoweri Museveni cautioned her on the strategy, saying …

Luwero, Uganda | THE INDEPENDENT | President Yoweri Museveni has asked the Church to mobilize Christians towards income-generating projects in the fight against eliminating poverty in households that are stuck in subsistence farming. According to President Museveni, at least 39% of households in Uganda are still engaged in subsistence farming …

Gulu, Uganda | THE INDEPENDENT | Gulu city councilors are struggling with the online declaration of their wealth to the Inspectorate of Government (IG). The IG recently directed all public officers in the country including elected leaders from chairperson LC III to make a declaration of their wealth. However, the councilors …

Kampala, Uganda | THE INDEPENDENT | The Emyooga programme across the country was poorly implemented, Members of Parliament have unanimously agreed. The legislators during plenary on Thursday, 16 September, 2021, criticised the government for the systemic failure in the implementation of the presidential Initiative rolled out in October 2020 aimed at …

Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government (IG) has asked Members of Parliament and other leaders who were not re-elected to declare their wealth even as they exit their offices. On Wednesday, the IG launched the module for exit declaration which enables leaders who are ceasing to serve …