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The high cost of underrating Africa

`Perception premiums’ shouldn’t overinflate risks perennially assigned to a brighter Africa  COMMENT | HIPPOLYTE FOFACK | In 2020, the COVID-19 pandemic caused Africa’s first recession in 25 years. The sharp tightening of global financial conditions triggered sudden stops in foreign direct investment and massive capital outflows, alongside one of the …

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Uganda should mind the oil Gap

Policy, righting wrongs and circumventing curses as oil presents huge opportunities and significant risks COMMENT | DENNIS JJUUKO | Uganda has signed a pipeline deal with Tanzania and Total to transport crude oil from Uganda’s Albertine region to Tanzania’s Tanga port for refining, but the secrecy that surrounds this $3.5 …

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An organization’s internal auditing function must be independent but not isolated

In carrying out their work, internal auditors must focus on three areas – Risk Management, Risk Control and Governance. COMMENT | Francis Banalekaki Yiga | For any business or organization, there will always be risks that could ultimately tarnish its reputation, dampen stakeholder confidence or in worst case scenario, sink the organization …

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Auditor General can’t afford stains

Bitter reality as suspended Uganda Airlines CEO tells Museveni that AG officials wanted bribe to give him `good report’                                                             COMMENT | CISSY KAGABA | Recent media reports indicate that some officers at the Office of the Auditor General are allegedly exchanging their audit opinions for sums of money, usually determined …

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Businesses regulatory compliance

Why entities must strive to comply despite the ever-changing regulatory landscape COMMENT | RHONAH NUWAKUNDA | In most markets across the world now, regulatory compliance has become a major aspect of every business entity that intends to effectively and successfully operate over time. There is more vigilance both on the …

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Corporate greed and COVID-19

  Why refusal to support waiver of WTO intellectual-property rules could prolong the pandemic COMMENT | JOSEPH E. STIGLITZ AND LORI WALLACH | The only way to end the COVID-19 pandemic is to immunise enough people worldwide. The slogan “no one is safe until we are all safe” captures the …

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