Mexican peso slumps to record low against dollar Hong Kong, China | AFP | Markets went into free fall Wednesday and the Mexican peso tanked as Donald Trump appeared to be moving into the lead in the race for the White House. Safe haven assets rallied as investors went running …
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New York, United States | AFP | US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …
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NBS: The presidential affairs committee of parliament has summoned the political and technical leadership of Kampala Capital Authority (KCCA) over the mismanagement of USAFI market which they say is costing the country. The summons is in response to a petition filed by the vendors who complained of high taxes yet …
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It has almost become a norm that for every State of the Nation address, President Yoweri Museveni has to lament about the fact that Uganda imports far much more than it exports. This year’s address was no different. He lamented how Uganda had become a ‘supermarket’ economy, importing all sorts …
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President Yoweri Museveni is in Berlin where he delivered a key-note address at the German-African Business Day Forum. “I am here to show you that Uganda is the right place to go as far as investments are concerned and that, it is the right time to go,” he told the …
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By Dani Rodrik While economies have been hit by mood swings in financial markets, the only surprise is that we are surprised How quickly emerging markets’ fortunes have turned. Not long ago, they were touted as the salvation of the world economy – the dynamic engines of growth that would …
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By Independent Reporter World Bank Development Report 2009 diverts from tradition on how the poor can create and grow wealth Released on November 7, 2008, in Washington DC, the World Development Report 2009: Reshaping Economic Geography comes at a time of severe economic crisis, which history shows can cause nations …
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By Robert B. Zoellick The New Multilateralism will rely on national leadership and cooperation. September and October are shaping up to be hard months in a precarious year. A meltdown in financial, credit, and housing markets. The continuing stress of high food and fuel prices and the dangers for poverty …
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The Independent Uganda: You get the Truth we Pay the Price