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 …
Read More »Uganda still secretive on oil and gas money
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 …
Read More »How Uganda can attract private money to fight climate change
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 …
Read More »The Future of Money
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 …
Read More »For money, the media allowed to be captured
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 …
Read More »Inside the fight at FDC
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 …
Read More »Foreign Exchange bill raises share capital to UGX 200M for money trade
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 …
Read More »South African central bank vows to tackle money laundering
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 …
Read More »Now is the right time to teach children saving
COMMENT | JULIET BAGGYA NSIYONA | One of the communities known widely for the old age tradition of saving is India. Popularly known for encouraging the saving of chunks of their income rather than consuming it, this tradition is instilled right from birth, so, ideally each Indian child is aware …
Read More »Trade-based money laundering
New report sheds light on illicit activity in Uganda Kampala, Uganda | RONALD MUSOKE | A new report analysing the scope and characteristics of global trade-based money laundering has found that the illegal activity poses complex problems for law enforcement and undermines development; especially in poorer countries like Uganda. The study, …
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