Tag Archives: money

U.S. politics has been corrupted by money, gerrymandering and massive attempts at disenfranchisement COMMENT | JOSEPH E. STIGLITZ | All eyes are on the United States as November’s Congressional elections approach. The outcome will answer many alarming questions raised two years ago, when Donald Trump won the presidential election. Will the …

Kampala, Uganda | THE INDEPENDENT | Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January …

Kampala, Uganda | THE INDEPENDENT | On a tour and annual retreat to the Karamoja region last week, European diplomats were asked by local leaders to be sending funds directly to them other than sending it through the respective ministries, a thing that was opposed by Minister John Byabagambi. “We want …

Geneva, Switzerland | AFP | If someone tells you they flushed more than a hundred grand down the toilet, chances are they’re referring figuratively to a bad investment, or an outrageous extravagance. But in Switzerland, prosecutors have opened an investigation into why two people literally tried to cram about 100,000 euros …

Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank and MTN Uganda Limited have signed an agreement to allow MTN Mobile Money collections for corporate and business clients directly into their bank accounts, officials said in a press release shared on Sept. 15. The new service is called Straight2Bank Wallet Collections …

VIDEO: Diaspora Ugandans launch cheap money transfer service Kampala,Uganda | NTV UGANDA | A group of Ugandans in the U.S. have come up with pre-paid card that shall be used by Ugandans in the Diaspora to send and withdraw money. The card known as UBER PESA was unveiled at the Uganda …

Kampala, Uganda| GODFREY SSALI|  Bank of Uganda (BOU) has defended itself in a suit filed against it over misuse of money at the late Ivan Ssemwanga’s burial,  maintaining that it duly executed its duty in this matter and cannot be faulted for failing to take any action. The case came …

Government given 15 days to defend itself in the Ivan ‘Don’ Ssemwanga funeral money court case The High Court in Kampala has  given the Attorney General and Bank of Uganda 15 days to file a written defence explaining why they never restrained socialites from the self styled “Rich Gang” from …

Bank of Uganda and A-Plus funeral management dragged to court over the late Ivan “Don” Ssemwanga Bank of Uganda makes statement, warns on misuse of the Uganda shilling note  New Bank of Uganda Act in offing  A concerned citizen, a one Abey Mgugu, has dragged A-Plus funeral management and Bank …

Frankfurt am Main, Germany | AFP | The euro, used by nearly 340 million people each day, celebrates its 15th birthday on Sunday. Like a teenager in the throes of adolescence, the euro has lurched from crisis to crisis in recent years, but still manages to enjoy firm support across …