Jacob Oboth, the Legal and Parliamentary Affairs Committee chairperson applauded the move saying that anticipatory declaration of wealth is one of the new types of corruption used by leaders. Kampala, Uganda | THE INDEPENDENT | Legislators sitting on the Legal and Parliamentary Affairs Committee have expressed support of the government’s proposal …
Read More »In tough year, China makes decisive progress in ending absolute poverty
Beijing, China | Xinhua | A skilled baker with seven years of experience, Abudujilil Tuhtey can make 500 to 600 pieces of naan every day. It’s a staple food popular in northwest China’s Xinjiang Uygur Autonomous Region. With his outstanding skill, Tuhtey can earn more than 5,000 yuan (about 769 …
Read More »New Presidential initiative on wealth and job creation launched in Karamoja
Kampala, Uganda | THE INDEPENDENT | A new presidential Initiative on wealth and Job creation has been launched in Karamoja. The national project run under the Microfinance Support Centre was unveiled by State Minister for Finance Haruna Kasolo Kyeyune. The 100 billion Shillings project which targets organized business groups of …
Read More »Greed breeding corruption in Judiciary -Principal Judge
Kampala, Uganda | THE INDEPENDENT | The Principal Judge Yorokamu Bamwine has said that the need to amass more wealth is breeding greed among judicial officers. Bamwine says that cases of bribery, corruption, and other forms of misconduct in the judiciary and other offices are caused by lack of satisfaction …
Read More »World’s 26 richest own same as poorest half of humanity: Oxfam
As the elites gather at #wef19, we reveal the true costs of under-taxation of the rich on the world's poorest. Download our latest inequality report, 'Public good or private wealth', here→ https://t.co/UHN0xcW1Fc #FightInequality #BeatPoverty pic.twitter.com/Txo0QoKc5S — Oxfam International (@Oxfam) January 21, 2019 Davos, Switzerland | AFP | The world’s 26 …
Read More »COMMENT: Unlocking public wealth
With professional, politically independent management, a country could earn from its commercial assets COMMENT | DAG DETTER | After World War I ended, Havana emerged as one of the world’s most vibrant cities. During the first half of 1920, rising sugar prices and a favourable global environment meant that credit and …
Read More »VIDEO: MPS to investigate Kasekende, Bagyenda wealth
VIDEO: MPS to investigate Kasekende, Bagyenda wealth Kampala, Uganda | VIDEOS NTV UGANDA | The chairperson of Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises Abdu Katuntu has set up a sub committee to investigate the assets and liabilities of Bank of Uganda Deputy Governor, Dr. Louis Kasekende and former …
Read More »Loss of wealth bad for health
People who suffer a sharp drop in wealth experience a 50 percent increased risk of dying. Kampala, Uganda | AGENCIES | An analysis involving more than 8,000 Americans found that those who suffered a “negative wealth shock” — defined as losing at least 75 percent of their wealth in two years …
Read More »COMMENT: Hidden wealth of cities
Through smarter asset management, cities can double their investments without raising taxes COMMENT | DAG DETTER | The world is becoming increasingly urbanised, as more people are choosing to live in towns and cities than ever before. The trouble is, most urban areas are unprepared to manage the influx. Cities around …
Read More »Gambian president sets up commission into Jammeh’s assets
Banjul, Gambia | AFP | Gambian President Adama Barrow has set up a commission to probe the assets of former leader Yahya Jammeh, accused of stealing at least $50 million from the tiny west African state. In May, The Gambia’s justice minister announced that Jammeh had plundered the meagre state …
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