In The Magazine

Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …

Rwanda’s Minister of Finance and Economic Planning, Claver Gatete, has been named Finance Minister of the Year in the Sub-Saharan category by Global Capital, an international news, opinion, and data service Gatete’s honour was announced on Oct.04 together with winners from Latin America, Central and Eastern Europe, the Caribbean, and …

COMMENT: By Yoga Adhola UPC needs to look critically at what Obote did, build on it, and look into the future In a recent discussion on UPCNET, a UPC internet discussion forum, Allan Tewungwa (alias Ras) asserted: “In UPC, we follow Milton Obote and his example. He was a high-minded …

American to build refinery? Deal could be blow to sanction-strapped Russians Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the US$4 billion oil refinery, have learnt to stay cool under pressure. Behind their cool fronts, however, they are working in …

THE LAST WORD: By Andrew Mwenda Why Museveni has not transformed agricultural Uganda into an industrial economy and what can be done President Yoweri Museveni’s stated objective is to transform Uganda from an agrarian to an industrial nation. He has been in power for 30 years, the period South Korea …

Myko Ouma self-effacingly dismisses it when I tell him he is considered by many people to be one of the best guitarists in the country. “About best guitarist, I don’t know,” he says. In reality, he is a renowned jazz and contemporary world music artiste who plays more than ten …

Members of the Parliamentary Committee on the National Economy want the banking industry to do something about the sky-high lending rates. The MPs made the appeal at a meeting with the Uganda Bankers Association in Kampala on Oct.03. The MPs organised the meeting to understand why interest rates in Uganda …

Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …

Kampala Biennale makes bold moves: But how smart was throwing out painting and favouring installations and performance? Under the simmering mid-morning heat of Friday Sept.2, the Uganda Museum was transformed into a scene of wacky spectacle that left many observers utterly lost in translation. A man of Asian origin had …

INDEPENDENCE SPECIAL: By Ngugi wa Thiong’o In 1969 Gacamba, a bicycle repairer in Nyeri, a town about a hundred miles from Nairobi, discovered some kind of engine, a scooter engine, and, using the scrap metal he could find in his backyard, made an aeroplane that he called Kenya One. The plane …