Kampala, Uganda | THE INDEPENDENT | Power has finally been handed to Makerere University Business School don and critic, Ramathan Ggoobi, who describes himself as a pragmatist and a proponent of economics that works. Ggoobi was on Thursday appointed Permanent Secretary of the Ministry of Finance and Secretary to the …
Read More »Ramathan Ggoobi new PS for Finance
Kampala, Uganda | THE INDPENDENT | President Yoweri Museveni has appointed new Permanent Secretaries (PSs), with Makerere economics don Ramathan Ggoobi replacing Keith Muhakanizi at Ministry of Finance. Muhakanizi has been moved to Office of the Prime Minister. Geraldine Ssali is the new PS Ministry of Trade, Industry and Cooperatives, …
Read More »Museveni takes government to the Parish
But will model help millions of Ugandans get out of poverty? Kampala, Uganda | RONALD MUSOKE | David Bahati, the Minister of State for Finance in charge of planning is excited about the Parish Development Model—the latest NRM programme aimed at lifting millions of rural-based Ugandans out of poverty. …
Read More »Import substitution makes a comeback in Africa
As African industrialisation progresses and Covid-19 impacts on long supply chains, the notion that African economies should produce more locally is gaining traction. Liam Taylor reports. Every time a foreign dignitary visits Cipla Quality Chemical Industries Limited (CiplaQCIL), they plant a tree. Visiting presidents show up so frequently that the grassy verge …
Read More »COVER STORY: Tough budget
What experts say about Shs45.4tn, debt, taxes Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | The 2020/21 national budget read on June 11 has been criticised by experts as weak on all fronts; from its stimulus and bailout programmes to the manner in which its figures were arrived at …
Read More »Behind URA’s Shs700bn shortfall
Taxman to capitalize on new revenue collection initiatives to achieve better results going ahead Kampala, Uganda | JULIUS BUSINGE | Doris Akol, the Commissioner General at the Uganda Revenue Authority and her team have recently been in the news over failure to hit the revenue target. This is happening amidst …
Read More »Russia’s big move to Africa
What the Euro-Asian nation promised African countries at a historic summit in Sochi Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | One might have probably heard about Sochi, Russian city located on the Black Sea Coast near the border with Georgia, for co-hosting the 2018 FIFA World Cup. …
Read More »Risks, opportunities to Uganda economy
Mutebile leads experts to analyse ways to maintain high growth Kampala, Uganda | JULIUS BUSINGE | July has been a month of reflection by finance experts and economic technocrats on the future state of the economy as the new FY2019/20 kicked off. There is the nagging commentary that although Uganda …
Read More »Controversy over National Coffee Bill
Proposed law alone is not a solution to the challenges facing the coffee industry Kampala, Uganda | PATRICIA AKANKWATSA | One of Uganda’s favourite crop, coffee, could soon be heavily regulated as the government takes a step to amend the existing law. The proposed law, National Coffee Bill, 2018, seeks …
Read More »Museveni won’t print 2021 elections money
‘No’ to printing elections money, but is raiding the budget any better? Kampala, Uganda | HAGGAI MATSIKO | Hidden in plain sight. That is what President Yoweri Museveni’s campaign money for the 2021 election looks set to be, according to experts. They say the money is this time in the …
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