`Perception premiums’ shouldn’t overinflate risks perennially assigned to a brighter Africa COMMENT | HIPPOLYTE FOFACK | In 2020, the COVID-19 pandemic caused Africa’s first recession in 25 years. The sharp tightening of global financial conditions triggered sudden stops in foreign direct investment and massive capital outflows, alongside one of the …
Read More »Uganda should mind the oil Gap
Policy, righting wrongs and circumventing curses as oil presents huge opportunities and significant risks COMMENT | DENNIS JJUUKO | Uganda has signed a pipeline deal with Tanzania and Total to transport crude oil from Uganda’s Albertine region to Tanzania’s Tanga port for refining, but the secrecy that surrounds this $3.5 …
Read More »How Stanbic bank is enhancing financial inclusion or penetration of financial services
COMMENT | Emma Mugisha | Promoting financial inclusion is fundamental to achieving sustainable economic growth across Uganda. Put simply, financial inclusion means ensuring access to bank accounts for everyone who needs one. One of Stanbic Bank’s major roles is to ensure that we help drive this inclusion all the way …
Read More »An organization’s internal auditing function must be independent but not isolated
In carrying out their work, internal auditors must focus on three areas – Risk Management, Risk Control and Governance. COMMENT | Francis Banalekaki Yiga | For any business or organization, there will always be risks that could ultimately tarnish its reputation, dampen stakeholder confidence or in worst case scenario, sink the organization …
Read More »WOMEN: An open letter to the President of Uganda
An open letter to the President of Uganda Yoweri Museveni Tibuhaburwa Kaguta: The case for more women in cabinet and a female Speaker of Parliament: OPEN LETTER | MAY 21, 2021 | The Women’s Movement of Uganda congratulates the people of Uganda and its leaders for a fairly successful election process and …
Read More »Auditor General can’t afford stains
Bitter reality as suspended Uganda Airlines CEO tells Museveni that AG officials wanted bribe to give him `good report’ COMMENT | CISSY KAGABA | Recent media reports indicate that some officers at the Office of the Auditor General are allegedly exchanging their audit opinions for sums of money, usually determined …
Read More »Areas where the Ugandan Parliament got it wrong with the Sexual Offences Bill
COMMENT | Theophilus Oladipo | On the 4th of May 2021, the sexual offences bill passed the third reading stage at the Ugandan Parliament. Since 2019, the bill has been a source of debate and worry. Apart from the fact that it needlessly confirms what has mostly been criminalized, it raises …
Read More »Businesses regulatory compliance
Why entities must strive to comply despite the ever-changing regulatory landscape COMMENT | RHONAH NUWAKUNDA | In most markets across the world now, regulatory compliance has become a major aspect of every business entity that intends to effectively and successfully operate over time. There is more vigilance both on the …
Read More »Corporate greed and COVID-19
Why refusal to support waiver of WTO intellectual-property rules could prolong the pandemic COMMENT | JOSEPH E. STIGLITZ AND LORI WALLACH | The only way to end the COVID-19 pandemic is to immunise enough people worldwide. The slogan “no one is safe until we are all safe” captures the …
Read More »Time to set up infrastructure police for electricity vandalism
COMMENT | Samson Tinka | Last week, Daily Monitor reported an arrest of seven suspects in Rubaga found with electricity materials and gadgets worth over sh3 billion. It was earlier reported that vandalism was rampant in Kiboga district, where electric wires, surge arrestors, polymeric insulators among other items were stolen. Responding …
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