Tag Archives: economy

Former African Union Commissioner Tumusiime roots for increased agricultural funding as she launches her autobiography Former African Union (AU) Commissioner Rhoda Peace Tumusiime has demanded that Uganda’s finance ministry explains why the agricultural sector is underfunded. “When are you making the 10 percent budget allocation to agriculture? This is a decision at a …

Palma, Mozambique | AFP |  The small, palm-fringed fishing town of Palma was meant to become a symbol of Mozambique’s glittering future, transformed by one of the world’s largest liquefied natural gas projects. But construction has fallen far behind schedule and the town’s fate is uncertain after gas prices fell …

Durban, South Africa | AFP |  African countries are becoming increasingly repressive and causing more people to leave their homes, British charity Oxfam said this week, as Germany warned of the destabilising effect migration is having on the continent. Political freedom and the problem of Africa’s brain-drain were among the …

Nairobi, Kenya | AFP | A lack of foreign currency means petrol pumps are running dry across Burundi, the government has admitted, as the country struggles with a serious two-year-old political crisis. Long queues have been quickly forming in the capital Bujumbura where petrol is only available at some of …

Lokichar, Kenya | AFP |  Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British company Tullow announced the discovery of oil in Kenya in March 2012, when prices …

Tripoli, Libya | AFP |  Libya’s oil production, the country’s main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in …

US seeks talks with North Korea to solve nuke issue Washington, United States | AFP | The United States is not ruling out direct dialogue with North Korea on its nuclear program, Secretary of State Rex Tillerson said in an interview with National Public Radio. “Obviously, that would be the …

COMMENT: What would happen if you woke up tomorrow and found that your boss had doubled your salary? Well, on January 5 1914, Henry Ford doubled salaries for all his employees. That simple fact revolutionized the auto industry. Ford’s actions may noy have been led by altruistic intentions but he …

COMMENT: Policy and institutional reforms are needed for Uganda’s economy to recover – CSBAG Economic growth is not a chance event although it can benefit from chance events. There must be a plan that guides deliberate actions that are derived from a coherent or logical way of thinking. The logical critical …

IN THE INDEPENDENT: Why Ugandans are poorer today than yesterday The lead stories In the Independent this week: ANALYSIS Why is the Catholic Church losing followers?: Figures from the 2014 National Population and Housing Census show that, in the last 10 years, the percentage of Ugandan identifying as Catholics has …