One day in 1961, an American economist named Daniel Ellsberg stumbled across a piece of paper with apocalyptic implications. Ellsberg, who was advising the US government on its secret nuclear-war plans, had discovered a document that contained an official estimate of the death toll in a preemptive “first strike” on China and the Soviet Union: […]
The Government of Uganda is likely to save close to Ush1 trillion ($270m) after cabinet took a bold decision to merge, scrap or realign duties and responsibilities of its agencies, commissions and statutory authorities. Frank Tumwebaze, the Minister for ICT and National Guidance, told the media in Kampala that this was done to eliminate functional […]
The Uganda Shilling traded lower at the 3795/3805 levels against the U.S dollar on Tuesday as increased bustle on the greenback demand counters dominated mostly muted supply activity. The central bank absorbed excess liquidity from the local money market through a 2-day repo. However, this did little to offset bearish sentiment on the home unit […]
This year, extreme weather conditions have ravaged our planet, subjecting vulnerable communities around the world to the ever-increasing impacts of climate change. With each passing day, we learn more about – and experience directly – the dangerous consequences of extracting and burning fossil fuels. Floods, droughts, and wildfires are becoming deadlier, and weather patterns more […]
Far and away the best prize that life offers is the chance to work hard at work worth doing. Theodore Roosevelt, September 7, 1903 Teddy Roosevelt’s assertion in a Labor Day speech 115 years ago still rings true; worthwhile labour can greatly enrich human life. People’s everyday work lives are greatly enriched when they make […]
The first-ever conference on child poverty in Uganda – ‘What Works for Africa’s Poorest Children’ – has kicked off in Kampala. “It is an incredible honour to have many of the world’s most prominent thinkers on child poverty in Africa here in Uganda for this conference”, said the Executive Director of the Economic Policy Research […]
Kofi Annan championed many global causes during his distinguished life and career, but as a native of Ghana, he always felt a special responsibility to Africa. And there, no issue was more important to him than tackling hunger and spurring growth through agriculture. During his tenure as Secretary-General of the United Nations, Annan, who died […]
Accountants in Uganda have been urged to be brave and take the lead in the fight against corruption, despite the different threats they may encounter in the course of carrying out their duties. Prof. Lekoa Solly Mollo, the High Commissioner of the South African High Commission to Uganda said accountants can smell and detect corruption […]
BY SAMSON OKWAKOL KAMPALA, Uganda—The MTN Uganda has said it wants to government investigate the recent break-in to the telecoms data center by alleged security operatives. “MTN (U) takes this criminal incident seriously and is working with the government of Uganda to establish the identity and motive of the perpetrators and bring them to account,” […]
BY SAMUEL NABWIISO KAMPALA, Uganda–The Chancellor, Uganda Christian University, Rev Stanly Ntgali has asked government to scrap income tax which government levies to non –profit education institutions in the country. Speaking at the University’s 19th graduation ceremony held at the main campus in Mukono , Ntagali said levying tax on education institutions negatively impacts the institution […]
KAMPALA, Uganda–The Uganda shilling extended the week’s gains against the U.S dollar on Friday as some commercial banks converted their dollar holdings to cope with the local currency liquidity squeeze. On Friday commercial banks quoted the shilling at 3825/3845, compared to Thursday’s close of 3835/3855. The shilling has rallied against the greenback in recent days, […]
BY PPU KAMPALA, Uganda–President Yoweri Museveni has urged leaders of the National Organization of Trade Unions in the country to strive for the transformation of the Ugandan economy from a state of backwardness to a modern one. The President was speaking in a meeting with NOTU leaders and representatives yesterday at State House, Entebbe. He […]
BY CBA KAMPALA, Uganda–The Uganda shilling continues to gain against the U.S. dollar as greenback demand maintains it’s low-slung amidst relatively skewed liquidity in the money market. The USD/UGX pair levelled at the 3835/3855 levels on Thursday from 3840/3860 on Wednesday. Ahead of the weekend, it is plausible that the local currency would continue clamping […]