President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …
Read More »LIVE: Matia Kasaija’s Sh29 trillion budget
LIVE: The Minister of Finance, Planning and Economic Development Matia Kasaija has read out a Shs29 trillion 2017/18 national budget for Uganda. Kasaija read the budget to parliament on behalf of President Yoweri Museveni. (READ FULL BUDGET HERE click) Before that, the Minister of Works tabled the Civil Aviation Authority amendment bill 2017 …
Read More »LIVE: Museveni delivers State of the Nation Address 2017
In fulfillment of the constitutional requirement under Article101 (1) of the Constitution of the Republic of Uganda, President Yoweri Museveni on Tuesday delivered the State of the Nation Address, 2017. The president mainly gave accountability on particular government commitments and appraised the country of the plans and strategies for the …
Read More »Making sense of Uganda’s current economic struggles
Kampala, Uganda| CSBAG| Every time a government official comes out to explain why the economy is poorly performing, they cite external and natural factors. These range from slow growth in China, to fall in commodity prices, tight financing conditions in Europe, and geo-political events such as Brexit and U.S politics. …
Read More »Man United ranked as Europe’s most valuable club
London, United Kingdom | AFP | Manchester United have been rated as Europe’s most valuable club by a new report into the financial muscle of the continent’s top teams. The report by professional services firm KPMG looked at the finances of 39 clubs based on their popularity on social media …
Read More »COMMENT: Policy, institutional reforms needed for Uganda’s economy to recover
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 …
Read More »Rule change pushes Premier League into £312m loss – report
London, United Kingdom | AFP | The Premier League is set to announce a record annual pre-tax loss of £312 million because of the declining value of the sterling and new accounting rules, the Financial Times reported on Friday. English football’s top flight is the wealthiest major domestic football competition …
Read More »Saudi raises $9 bn in first global Islamic bond issue
Riyadh, Saudi Arabia | AFP | Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves. The sale of Islamic bonds, known as sukuks, comes after the kingdom in October turned to the …
Read More »S.Africa new finance minister vows to enforce ANC policies
Johannesburg, South Africa | AFP | South Africa’s new Finance Minister Malusi Gigaba Saturday pledged to implement the policies of the ruling ANC as the party remains deeply divided over the sudden firing of his predecessor. Gigaba on Thursday replaced Pravin Gordhan, ousted in a shock midnight cabinet reshuffle by …
Read More »Brexit job fears stalk Britain’s financial centres
Manchester, United Kingdom | AFP | Worries are whirring in Britain’s smaller financial centres — which together employ far more people than the glamorous City of London — that the looming EU departure will lead to heavy job losses. In Manchester’s buzzing finance district of Spinningfields, a worker at an …
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