Tag Archives: finance

South Korean President Park Geun-hye is in Uganda for a three day state visit. She is accompanied by a huge business delegation with representatives of at least 100 Korean companies. She is the first leader of South Korea to visit Uganda. South Korea is home to several global companies including …

Ministry of Finance officials say they have spent over 100 percent of the budget but government departments are struggling to meet their obligations amidst talk that the 2015/16 budget was suppressed by 30 percent. From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, …

From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, the Director Budget can look down contentedly at the Nakasero neighbourhood of the rich.  The downtown poorer sections of the city are blocked from his view. Donning a stylish purple shirt and a matching …

Museveni’s latest politicking joke or a realistic national target? When President Yoweri Museveni takes the oath of president for the sixth time on May 12 at Kololo Ceremonial Grounds in Kampala, it appears he will have one goal clearly on his mind: delivering Uganda to the middle income bracket by …

President Yoweri Kaguta Museveni has asked the Ministry of Finance to take new measures to help Uganda’s dairy industry compete favorably on the world stage. He was responding to pleas for government support to the industry when Kiruhura district dairy farmers visited his country home in Rwakitura on Saturday. He …

Why the competition for power is always a quarrel over delusions rather than a contest over public policy I argued in this column last week that governments in poor countries cannot govern by delivering a large basket of public goods and services associated with a modern state because they don’t …

Cover story: Museveni gets Shs70bn telecom monitoring gadget An investigation by The Independent reveals that State House is closing in on a procurement of high-tech gadgets meant to forestall fraud among telecoms, which is costing government colossal sums in tax revenue. Last Word: Fight over misguided objectives Andrew Mwenda carries …

The International Monetary Fund (IMF) has hailed Uganda on infrastructure development as well as efforts to contain inflation amidst challenges of high exchange rates and fluctuating  prices. In its latest report “Recent development’s and prospects, Uganda’s Economic Buffers”, the IMF says Uganda is relatively high on growth, low on inflation,  …

Why leaders of poor countries are not as cruel and selfish as Western media portray them In a moment of madness, I toyed with the idea of running for president of Uganda. I had the hubris to imagine I am the guy who can solve its myriad problems because President …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …