President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …
Read More »LIVE: Matia Kasaija’s Sh29 trillion budget
LIVE: The Minister of Finance, Planning and Economic Development Matia Kasaija has read out a Shs29 trillion 2017/18 national budget for Uganda. Kasaija read the budget to parliament on behalf of President Yoweri Museveni. (READ FULL BUDGET HERE click) Before that, the Minister of Works tabled the Civil Aviation Authority amendment bill 2017 …
Read More »COMMENT: The Primate Lodge story
COMMENT | By Amos Wekesa | Towards the end of 2005, Uganda Wildlife Authority (UWA) called for expression of interest in running two rooms that existed in Kibale National Park and I thought since there was no indigenious Ugandans seriously running an accommodation inside a national park, I would give it …
Read More »Chinese exports, imports beat forecasts but analysts wary
Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …
Read More »Today is national budget speech day
The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …
Read More »Hope Murera: Africa’s insurance industry
Africa’s insurance industry need fewer players to offer better services-Zep Re CEO Hope Murera It is six months since Hope Murera was appointed the chief executive officer of the Nairobi based-Zep Re (PTA Reinsurance Company) that is charged with the task of promoting trade, development and integration within the Common Market …
Read More »‘Eerie’ calm settles over Qatar’s deserted airport
Doha, Qatar | AFP | Qatar’s state-of-the-art Hamad International bills itself as one of the most luxurious airports in the world — but on Tuesday, it was also one of the quietest. As a travel ban announced by Saudi Arabia, Bahrain, Egypt and the United Arab Emirates (UAE) came into …
Read More »LIVE: Museveni delivers State of the Nation Address 2017
In fulfillment of the constitutional requirement under Article101 (1) of the Constitution of the Republic of Uganda, President Yoweri Museveni on Tuesday delivered the State of the Nation Address, 2017. The president mainly gave accountability on particular government commitments and appraised the country of the plans and strategies for the …
Read More »South Africa in recession as economy shrinks 0.7% in Q1
Johannesburg, South Africa | AFP | South Africa’s economy unexpectedly contracted in the first quarter of this year, pushing the continent’s most advanced economy into its first recession since 2009, according to official statistics released Tuesday. The data, which also showed unemployment hitting a 14-year high, are expected to pile more …
Read More »Fighting abuse of Uganda’s labour abroad
Lillian Keene-Mugerwa is the managing director of International Employment Linkages (IEL). She spoke to the Independent’s Agnes E Nantaba about externalization of labour as a solution to Uganda’s unemployment. What key elements encompass your management philosophy? The whole issue in management waters down to value because even if you are …
Read More »