But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …
Read More »ANALYSIS: Winnie Mandela, the activist ex-wife of Nelson Mandela
Johannesburg, South Africa | AFP | Winnie Mandela, the former wife of South African anti-apartheid icon Nelson Mandela, died on Monday aged 81, triggering an outpouring of tributes to one of the country’s defining and most divisive figures. The firebrand activist died in a Johannesburg hospital, her family said, adding …
Read More »Kagame’s Kampala visit
Meeting raises hope for improved relations between Kampala and Kigali Kampala, Uganda | RONALD MUSOKE | A recent one-day state visit by Rwandan President Paul Kagame to Uganda on March.25 has raised hopes that relations between the two countries might return to normalcy again after several months of heightened tensions. …
Read More »Israel rejects calls for independent probe of Gaza violence
Jerusalem, Undefined | AFP | Israel rejected calls for an independent probe on Sunday after its soldiers killed 16 Palestinians and wounded hundreds more when a major demonstration led to clashes along the border with the Gaza Strip. Israel’s military has faced questions from rights groups over its use of …
Read More »Erdogan calls Netanyahu ‘terrorist’ over Gaza deaths
Ankara, Turkey | AFP | Turkish President Recep Tayyip Erdogan accused Benjamin Netanyahu on Sunday of being “a terrorist” after the Israeli prime minister rejected Ankara’s “moral lessons” over deadly clashes in Gaza. “Hey Netanyahu! You are an occupier. And it is as an occupier that are you are on …
Read More »Mutebile Vs Kasekende
Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …
Read More »A bridge so far: China’s controversial megaproject
Hong Kong, China | AFP | Touted as an engineering wonder, the world’s longest sea bridge, which connects Hong Kong, Macau and mainland China, includes a snaking road crossing and an underwater tunnel and reportedly uses enough steel to build 60 Eiffel Towers. Nine years after construction began on the 55-kilometre …
Read More »Young blood: Is it magic or medicine?
Kampala, Uganda | DAVID IRVING | Ben Franklin famously wrote: “In this world, nothing can be said to be certain, except death and taxes”. What he didn’t mention, despite being 83 years old, was a third, almost inevitable eventuality: ageing. Depending on when in history and where on the planet you …
Read More »Region’s AEO initiative a game-changer
Businesses set to benefit from signed bilateral agreements Kampala, Uganda | JULIUS BUSINGE | Nearly a dacade ago, Betty Kiguli, the procurement coordinator at Nice House of Plastics, hardly made a saving while clearing goods with customs officials. But things have changed in the past four years since her company was …
Read More »Local content laws good but could be disastrous-new study
The study could thwart implementation of BUBU like initiatives Kampala, Uganda | ISAAC KHISA | Local firms that sell more of their products to government entities tend to perform better compared to their counterparts that do not, yet, passing laws that enforce local purchases could be disastrous. This is based on research …
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