Mobile money to the rescue as banking sector remains too shallow to leverage financial inclusion COMMENT | ENOCK NYOREKWA TWINOBURYO | In line with statutory requirements, all banks are supposed to publish their financial statements by the end of April of each year. The published banks’ results for 2017 are …
Read More »COMMENT: Development lessons from Rwanda
The intimate connection between political and economic institutions is the heart of development COMMENT | ENOCK NYOREKWA TWINOBURYO | I recently visited the Rwanda – residing largely in Kigali. I was particularly impressed at the transition and strong faith by citizens in their development trajectory. There is strong unionism and strong …
Read More »COMMENT: Poverty on the rise
Uganda had more poor people in 2017 than in 1991 indicating a rise in income and food poverty COMMENT | ENOCK NYOREKWA TWINOBURYO | On Feb.19, the Uganda Bureau of Statistics (UBOS) issued a second and revised version of the Uganda National Household Survey (UNHS) 2016/17. The major revision from the first …
Read More »Banking sector solid but vulnerable
By Enock Nyorekwa Twinoburyo Supervision should be backed by addressing the broader structural and regulatory weakness in the sector On June 22, Bank of Uganda (BoU) published the annual supervision report for the year 2014 in line with its statutory provision of prudential regulation and supervision of financial institutions. This …
Read More »Falling oil prices a wake up call
By Enock Nyorekwa Twinoburyo If sustained, current prices have implications for Uganda as an importer and potential medium term producer To economists, oil prices follow a random walk (volatile and unpredictable). This is the very reason many economists are reluctant to forecast oil prices. As a matter of fact, prices …
Read More »Mutebile needs independence
By Enock Nyorekwa Twinoburyo His recent statements are same as swearing never to drink again on a hangover morning In recent days, the public has been awash with the recent Bank of Uganda (BoU) Governor’s public statement on being misled in 2011 election spending, subsequently leading for a record high …
Read More »When China’s charming dragon bites
By Enock Nyorekwa Twinoburyo Increased Chinalisation of Uganda is expensive and could boomerang Economic ties between China and Africa have grown steadily as reflected in the increasing aid to Africa in recent years. The latest official disclosure of China’s aid indicated that it had provided over US$7 billion to Africa; …
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