Tag Archives: money

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 …

AfDB shows innovative financing tools it should focus on for green growth cash Kampala, Uganda | RONALD MUSOKE | The Ugandan Government needs to integrate innovative financing tools; including green bonds, carbon markets, debt-for-nature swaps and blended financing if it is to start attracting more private resources urgently needed in Uganda’s …

How the Digital Revolution Is Transforming Currencies and Finance ART | ESWAR S. PRASAD | Are cryptocurrencies the next big investment, a fad, or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from these new …

Now the party appears to be over and the cleaning up of the financing models must start COMMENT | JOSEPH WERE | The National Association of Broadcasters, media managers and experts, the ministries of Finance and that of ICT and National Guidance, are debating whether the government should give its advertising …

Why money will keep rocking Besigye’s party   COVER STORY | IAN KATUSIIME | One of Uganda’s main opposition parties, the Forum for Democratic Change (FDC), is in disarray as an ongoing fight for its leadership has degenerated into allegations of bribery and illicit money. Accusations of dubious procurements, ferrying of …

Kampala, Uganda | THE INDEPENDENT | The Foreign Exchange (Amendment) Bill, 2023 passed by Parliament will now require investors in the foreign exchange sector to have a minimum paid-up share capital of 200 million Shillings to transact the business. While passing the Bill during plenary chaired by Speaker Anita Among on …

Johannesburg, SA | Xinhua | The South African Reserve Bank (SARB), the country’s central bank, said it is committed to the fight against money laundering. The SARB made the remarks in a statement on Friday after the Financial Action Task Force, a global money laundering and terrorist financing watchdog, placed South Africa …