Tag Archives: money

Harare, Zimbabwe | AGENCIES | Zimbabwe launched its upgraded banknotes on Tuesday with an appeal to national pride and confidence. The BiG5 series features the country’s iconic animals to symbolise national identity and resilience. The rollout begins with 10, 20 and 50 Zimbabwe Gold notes. Higher denominations will follow later, …

  As Uganda accelerates its cashless ambitions, there is debate about whether it can truly leave cash behind Kampala, Uganda | IAN KATUSIIME | Uganda’s financial ecosystem has made a tremendous shift towards mobile money transactions — led by platforms like MTN Uganda and Airtel Uganda — which now move trillions …

COMMENT | Cindy Hannah Kukunda | One question has dominated social media and daily conversations in Uganda for the longest time: ‘Is his money our money?’. What began as a debate about daily spending and traditional gender roles has shifted to financial security. For generations, the financial script was simple: …

  Money without factories, power without production COMMENT | ALEX ATWEMEREIREHO | Uganda is awash with money, yet starved of production. This is not a rhetorical flourish; it is a measurable, lived contradiction. Walk through Kampala, Hoima, Gulu, or Mbarara, and one encounters expensive vehicles, gated mansions, luxury consumption, and cash-intensive …

Kampala, Uganda | THE INDEPENDENT | Hundreds of passport applicants have been fleeced money for photos. Wampewo Police Post and Jinja Road Police Station receive several cases of people being defrauded outside the immigration offices at the Ministry of Internal Affairs at Port Bell Road. Simon Peter Mundeyi the Spokesperson for …

Mbarara, Uganda | THE INDEPENDENT |  An audit report on the operations of Mbarara Central Market Vendors Savings Cooperative Society has found that part of the money donated by President Yoweri Museveni can not be traced. The SACCO received sixty million shillings from the president as a donation for startup …

SPECIAL REPORT | THE INDEPENDENT | The Minister of Finance Matia Kasaija has urged money-lending institutions to exhibit a high degree of honesty and integrity. Kasaija was speaking at the opening ceremony of the Goldmine Finance Branch at Kabalagala. He noted that most banks and money lending institutions only prioritize collecting …

Kampala, Uganda | THE INDEPENDENT | The Financial Action Task Force (FATF) – the global anti-money laundering watchdog— estimates that environmental crime is one of the most profitable criminal enterprises, generating around USD 110 to 281 billion in criminal gains each year; however, its latest figures suggest that less than 1 …

Study shows cash grants help people live longer and have better memory function ANALYSIS | AGENCIES | Nearly half of South Africa’s 60 million people receive social grants, ranging from child support to pensions. The grants are designed to provide financial assistance to people living in poverty. The largest components of …

Visiting transparency body says government should give citizens more information Kampala, Uganda | RONALD MUSOKE | Representatives of civil society organisations working in Uganda’s extractives sector (oil, gas and mining) want money and more freedom to check on the government’s pledge to be transparent and accountable to Ugandans. That is what …