Tag Archives: money

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 …

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 …

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, …

Fund jinx catches another MD over alleged corruption Kampala, Uganda | Mubatsi Asinja Habati | For the past few months, NSSF has been in the news over a fight between the line Minister Betty Amongi and its out-going but still interested Managing Director (MD) Richard Byarugaba. Byarugaba is facing allegations of mismanagement …

Kampala, Uganda | THE INDEPENDENT | Like vultures that wait patiently until the moment when their prey can no longer move or resist, Uganda-based money lenders are now ready to harvest the science teachers’ enhanced salaries that have been in the policy and bureaucratic pipeline for several years. Like the huge, …