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UEGCL records 24% growth in income to Shs 210bn

Kampala, Uganda | ISAAC KHISA | State-owned Uganda Electricity Generation Company has maintained a growth trajectory in its annual performance with the latest financial results indicating a 24 per cent growth in income to Shs 210.9billion for the year ended June.30. The company attributes increase in income to a surge in …

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Ugandans survived the COVID-19 lockdown but might not live through the current financial one

COMMENT | Alfred Geresom Musamali | It was tough going through the two years of lockdown resulting from the Corona Virus Disease 2019 (COVID-19) pandemic in Uganda. But some households that survived the lockdown may not live through the prevailing financial one in the country. During some of that time, movement …

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US household wealth declines for first time in 2 years in Q1

Washington, USA | Xinhua | U.S. household wealth declined for the first time in two years in the first quarter this year, edging down to 149.3 trillion U.S. dollars, Reuters reported. The U.S. Federal Reserve on Thursday released figures on the financial health of U.S. households in a report for …

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IGG lacks funds to verify wealth declarations: Deputy IGG

Kampala, Uganda | THE INDEPENDENT | The Office of the Inspector General of Government-IGG has said it lacks enough funds to verify all declarations of income, assets and liabilities made by persons in leadership positions and public offices. The amended Leadership Code Act, 2021 makes it compulsory for all public officers …

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Income key factor in coronavirus cases: study

Paris, France | AFP | People living in the most deprived areas of Britain are more than four times likelier to test positive for COVID-19 than those living in the richest neighbourhoods, new research showed Saturday. A University of Oxford study looked at more than 3,600 COVID-19 test results from national programmes and found that …

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Ensuring basic income

  The breakdown of welfare state income distribution systems has created 8 giants to be battled COMMENT |  Guy Standing | Project Syndicate|  In 1942, William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognised that the old social protection system had …

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American Dream fails generations of blacks: study

Los Angeles, United States | AFP | Even the richest black boys raised in the United States earn less in adulthood than white boys from similar backgrounds, according to a wide-ranging study published Monday. While white men who grew up wealthy tend to stay that way, black boys raised in …

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COMMENT: Being middle-class

Why the private sector’s hype about the consumer habits of the African middle class isn’t helpful COMMENT | HENNING MELBER | The African middle class is of huge interest to business. This was confirmed again recently by well attended seminars in South Africa’s big cities to discuss “African Lions: groundbreaking study on the …

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